Vanguard Group Inc. Grows Position in Life Time Group Holdings, Inc. $LTH

Vanguard Group Inc. grew its holdings in shares of Life Time Group Holdings, Inc. (NYSE:LTH) by 1.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 13,643,761 shares of the company’s stock after buying an additional 143,487 shares during the period. Vanguard Group Inc. owned about 0.06% of Life Time Group worth $362,651,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of LTH. Wellington Management Group LLP lifted its stake in shares of Life Time Group by 129.3% during the 3rd quarter. Wellington Management Group LLP now owns 5,828,546 shares of the company’s stock valued at $160,868,000 after buying an additional 3,286,229 shares in the last quarter. Bank of America Corp DE grew its stake in Life Time Group by 102.1% in the 3rd quarter. Bank of America Corp DE now owns 4,268,011 shares of the company’s stock valued at $117,797,000 after buying an additional 2,156,033 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in Life Time Group by 41.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 7,157,957 shares of the company’s stock valued at $216,644,000 after acquiring an additional 2,091,712 shares during the period. Balyasny Asset Management L.P. raised its holdings in Life Time Group by 2,328.1% during the 2nd quarter. Balyasny Asset Management L.P. now owns 1,852,117 shares of the company’s stock valued at $56,175,000 after acquiring an additional 1,775,837 shares during the period. Finally, Goldman Sachs Group Inc. lifted its position in shares of Life Time Group by 143.7% during the first quarter. Goldman Sachs Group Inc. now owns 2,422,304 shares of the company’s stock worth $73,154,000 after acquiring an additional 1,428,446 shares in the last quarter. Hedge funds and other institutional investors own 79.40% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on LTH. Jefferies Financial Group reiterated a “buy” rating and issued a $41.00 price target on shares of Life Time Group in a research report on Tuesday. Zacks Research raised Life Time Group from a “hold” rating to a “strong-buy” rating in a report on Friday, April 24th. UBS Group restated a “buy” rating and issued a $43.00 target price on shares of Life Time Group in a research note on Thursday, March 12th. Northland Securities set a $42.00 target price on Life Time Group in a report on Friday, January 23rd. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $37.00 price target on shares of Life Time Group in a report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Life Time Group currently has an average rating of “Buy” and a consensus target price of $40.40.

Insider Activity

In other news, EVP Parham Javaheri sold 11,060 shares of Life Time Group stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $26.46, for a total transaction of $292,647.60. Following the completion of the sale, the executive vice president owned 315,175 shares in the company, valued at approximately $8,339,530.50. This trade represents a 3.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Erik Weaver sold 1,329 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $25.73, for a total value of $34,195.17. Following the transaction, the chief financial officer directly owned 136,166 shares of the company’s stock, valued at $3,503,551.18. The trade was a 0.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 13.30% of the company’s stock.

Life Time Group Stock Up 14.8%

LTH opened at $33.73 on Thursday. The firm has a market capitalization of $7.48 billion, a P/E ratio of 19.72, a price-to-earnings-growth ratio of 1.24 and a beta of 1.50. Life Time Group Holdings, Inc. has a one year low of $24.14 and a one year high of $34.99. The company has a fifty day moving average price of $27.06 and a 200-day moving average price of $27.07. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.63 and a quick ratio of 0.52.

Life Time Group (NYSE:LTH) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.03. Life Time Group had a return on equity of 10.29% and a net margin of 12.56%.The company had revenue of $788.70 million for the quarter, compared to the consensus estimate of $787.65 million. During the same quarter last year, the business posted $0.39 earnings per share. The firm’s revenue was up 11.7% compared to the same quarter last year. Equities research analysts expect that Life Time Group Holdings, Inc. will post 1.47 earnings per share for the current fiscal year.

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.