Vanguard Group Inc. Purchases 374,833 Shares of Life Time Group Holdings, Inc. $LTH

Vanguard Group Inc. lifted its position in shares of Life Time Group Holdings, Inc. (NYSE:LTH) by 2.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,500,274 shares of the company’s stock after purchasing an additional 374,833 shares during the period. Vanguard Group Inc. owned about 6.14% of Life Time Group worth $372,608,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in LTH. Ameriprise Financial Inc. increased its stake in shares of Life Time Group by 41.3% in the second quarter. Ameriprise Financial Inc. now owns 7,157,957 shares of the company’s stock valued at $216,644,000 after buying an additional 2,091,712 shares during the period. Balyasny Asset Management L.P. lifted its stake in shares of Life Time Group by 2,328.1% in the second quarter. Balyasny Asset Management L.P. now owns 1,852,117 shares of the company’s stock worth $56,175,000 after acquiring an additional 1,775,837 shares during the period. Norges Bank bought a new stake in Life Time Group in the second quarter valued at approximately $50,999,000. JPMorgan Chase & Co. increased its position in Life Time Group by 64.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,881,566 shares of the company’s stock valued at $117,728,000 after purchasing an additional 1,525,398 shares during the period. Finally, Fisher Asset Management LLC bought a new position in Life Time Group during the 2nd quarter worth approximately $43,473,000. Institutional investors own 79.40% of the company’s stock.

Insider Transactions at Life Time Group

In related news, CFO Erik Weaver sold 1,493 shares of the company’s stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $29.90, for a total transaction of $44,640.70. Following the sale, the chief financial officer directly owned 77,771 shares in the company, valued at approximately $2,325,352.90. This represents a 1.88% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Ritadhwaja Jebens Singh sold 12,088 shares of the firm’s stock in a transaction that occurred on Friday, January 23rd. The stock was sold at an average price of $29.75, for a total transaction of $359,618.00. Following the completion of the transaction, the executive vice president directly owned 110,967 shares of the company’s stock, valued at approximately $3,301,268.25. This trade represents a 9.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 19,461 shares of company stock valued at $582,482 in the last quarter. Company insiders own 8.70% of the company’s stock.

Life Time Group Stock Performance

NYSE LTH opened at $27.70 on Friday. The company has a fifty day moving average price of $28.13 and a 200-day moving average price of $27.28. The firm has a market cap of $6.14 billion, a price-to-earnings ratio of 16.69, a PEG ratio of 0.68 and a beta of 1.68. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.63 and a quick ratio of 0.55. Life Time Group Holdings, Inc. has a 1 year low of $24.14 and a 1 year high of $34.99.

Life Time Group (NYSE:LTH) last announced its quarterly earnings data on Tuesday, February 24th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.01. The firm had revenue of $745.10 million during the quarter, compared to the consensus estimate of $740.09 million. Life Time Group had a return on equity of 10.20% and a net margin of 12.51%.The business’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.27 EPS. As a group, equities research analysts predict that Life Time Group Holdings, Inc. will post 0.74 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have weighed in on LTH shares. Zacks Research downgraded Life Time Group from a “hold” rating to a “strong sell” rating in a report on Monday, January 26th. Morgan Stanley increased their price target on Life Time Group from $37.00 to $38.00 and gave the stock an “overweight” rating in a report on Monday. Guggenheim reaffirmed a “buy” rating and set a $36.00 price objective on shares of Life Time Group in a research report on Friday, January 23rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Life Time Group in a research report on Thursday, January 22nd. Finally, Northland Securities set a $42.00 price target on shares of Life Time Group in a research note on Friday, January 23rd. Six investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Life Time Group has a consensus rating of “Hold” and an average target price of $37.80.

About Life Time Group

Life Time Group (NYSE: LTH) is a premier operator of health, fitness and lifestyle centers across North America. The company’s core business encompasses the development, ownership and management of premium athletic resorts that integrate state-of-the-art fitness facilities, group exercise studios, indoor and outdoor pools, running tracks, and spa and salon services. In addition to its brick-and-mortar clubs, Life Time offers a digital platform featuring on-demand and live-streamed workouts, personalized training programs and nutrition guidance, enabling members to pursue their wellness goals both at home and on the go.

Founded in 1992 and headquartered in Chanhassen, Minnesota, Life Time has grown from a single Minnesota health club into a network of more than 160 locations across the United States and Canada.