Life Time Group Holdings, Inc. $LTH Position Lessened by Granahan Investment Management LLC

Granahan Investment Management LLC decreased its position in shares of Life Time Group Holdings, Inc. (NYSE:LTH) by 27.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,200,483 shares of the company’s stock after selling 459,089 shares during the period. Life Time Group accounts for approximately 1.6% of Granahan Investment Management LLC’s portfolio, making the stock its 15th biggest position. Granahan Investment Management LLC’s holdings in Life Time Group were worth $32,341,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Royal Bank of Canada increased its position in Life Time Group by 140.4% in the 1st quarter. Royal Bank of Canada now owns 54,380 shares of the company’s stock worth $1,642,000 after purchasing an additional 31,762 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Life Time Group by 25.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 70,855 shares of the company’s stock valued at $2,140,000 after buying an additional 14,267 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Life Time Group by 143.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,422,304 shares of the company’s stock valued at $73,154,000 after buying an additional 1,428,446 shares in the last quarter. Caxton Associates LLP bought a new stake in shares of Life Time Group in the 1st quarter valued at approximately $221,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Life Time Group by 47.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 199,287 shares of the company’s stock worth $6,018,000 after buying an additional 64,348 shares during the last quarter. Hedge funds and other institutional investors own 79.40% of the company’s stock.

Insiders Place Their Bets

In other Life Time Group news, Director Jimena Almendares sold 40,589 shares of the business’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $33.59, for a total transaction of $1,363,384.51. Following the completion of the transaction, the director owned 36,983 shares of the company’s stock, valued at $1,242,258.97. The trade was a 52.32% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John G. Danhakl sold 2,208,580 shares of the company’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $28.60, for a total transaction of $63,165,388.00. Following the sale, the director owned 11,027,703 shares of the company’s stock, valued at $315,392,305.80. This trade represents a 16.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 27,943,861 shares of company stock valued at $857,228,555 in the last three months. Company insiders own 13.30% of the company’s stock.

Life Time Group Stock Up 1.0%

Shares of LTH stock opened at $42.33 on Friday. The stock’s 50 day simple moving average is $37.24 and its 200 day simple moving average is $31.31. Life Time Group Holdings, Inc. has a twelve month low of $24.14 and a twelve month high of $43.96. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.42 and a current ratio of 0.53. The company has a market capitalization of $9.42 billion, a price-to-earnings ratio of 24.75, a PEG ratio of 1.68 and a beta of 1.51.

Life Time Group (NYSE:LTH) last announced its earnings results 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 10.10% and a net margin of 12.56%.The firm had revenue of $788.70 million during the quarter, compared to analysts’ expectations of $787.65 million. During the same quarter in the prior year, the business earned $0.39 earnings per share. The company’s revenue was up 11.7% on a year-over-year basis. As a group, research analysts predict that Life Time Group Holdings, Inc. will post 1.53 EPS for the current year.

Wall Street Analyst Weigh In

LTH has been the topic of several recent research reports. Oppenheimer raised their price objective on shares of Life Time Group from $43.00 to $60.00 and gave the company an “outperform” rating in a research report on Thursday, June 25th. Zacks Research upgraded shares of Life Time Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday. Guggenheim raised their price target on shares of Life Time Group from $36.00 to $41.00 and gave the company a “buy” rating in a report on Monday, June 15th. Jefferies Financial Group raised their price target on shares of Life Time Group from $41.00 to $51.00 and gave the company a “buy” rating in a report on Monday, June 29th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $37.00 price objective on shares of Life Time Group in a report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $45.67.

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.