Integrity Alliance LLC. Acquires 10,660 Shares of Life Time Group Holdings, Inc. $LTH

Integrity Alliance LLC. bought a new position in Life Time Group Holdings, Inc. (NYSE:LTH) in the 3rd quarter, Holdings Channel.com reports. The fund bought 10,660 shares of the company’s stock, valued at approximately $425,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its stake in shares of Life Time Group by 15.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 8,090,037 shares of the company’s stock valued at $217,929,000 after purchasing an additional 1,068,208 shares in the last quarter. Wellington Management Group LLP grew its stake in Life Time Group by 1.6% in the second quarter. Wellington Management Group LLP now owns 6,308,310 shares of the company’s stock worth $257,631,000 after purchasing an additional 99,154 shares in the last quarter. Principal Financial Group Inc. grew its stake in Life Time Group by 18.1% in the first quarter. Principal Financial Group Inc. now owns 2,589,462 shares of the company’s stock worth $69,760,000 after purchasing an additional 397,248 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in Life Time Group by 38.7% in the first quarter. The Manufacturers Life Insurance Company now owns 1,745,768 shares of the company’s stock worth $47,031,000 after purchasing an additional 487,478 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Life Time Group by 79.0% in the first quarter. Bank of New York Mellon Corp now owns 862,524 shares of the company’s stock valued at $23,236,000 after buying an additional 380,610 shares during the last quarter. Institutional investors own 79.40% of the company’s stock.

Insider Transactions at Life Time Group

In related news, EVP Ritadhwaja Singh sold 154,912 shares of Life Time Group stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $42.00, for a total value of $6,506,304.00. Following the sale, the executive vice president directly owned 138,351 shares in the company, valued at $5,810,742. This trade represents a 52.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Bahram Akradi sold 264,000 shares of the business’s stock in a transaction dated Friday, October 30th. The shares were sold at an average price of $45.04, for a total transaction of $11,890,560.00. Following the transaction, the chief executive officer directly owned 3,351,086 shares of the company’s stock, valued at $150,932,913.44. The trade was a 7.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 6,214,115 shares of company stock worth $272,178,518 over the last 90 days. Corporate insiders own 13.30% of the company’s stock.

Wall Street Analyst Weigh In

LTH has been the topic of several research reports. KeyCorp upped their price objective on Life Time Group from $52.00 to $55.00 and gave the company an “overweight” rating in a research note on Friday, October 30th. Morgan Stanley increased their target price on Life Time Group from $53.00 to $54.00 and gave the stock an “overweight” rating in a report on Tuesday, October 27th. Mizuho lifted their target price on Life Time Group from $64.00 to $68.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 27th. Guggenheim boosted their price target on Life Time Group from $50.00 to $53.00 and gave the company a “buy” rating in a report on Friday, October 30th. Finally, Northland Securities set a $57.00 price target on Life Time Group in a research report on Friday, July 31st. Fifteen investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $56.14.

Life Time Group Price Performance

Shares of NYSE LTH opened at $47.08 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.73 and a quick ratio of 0.63. The firm has a market capitalization of $10.57 billion, a PE ratio of 25.58, a P/E/G ratio of 1.48 and a beta of 1.46. Life Time Group Holdings, Inc. has a 1-year low of $24.45 and a 1-year high of $48.61. The business’s fifty day moving average price is $41.80 and its two-hundred day moving average price is $35.72.

Life Time Group (NYSE:LTH) last announced its quarterly earnings results on Thursday, October 29th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.10. The company had revenue of $893.52 million during the quarter, compared to the consensus estimate of $874.98 million. Life Time Group had a net margin of 12.72% and a return on equity of 11.01%. The company’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 earnings per share. On average, research analysts expect that Life Time Group Holdings, Inc. will post 1.63 EPS for the current year.

Life Time Group Company Profile

Life Time Group Holdings, Inc operates a network of fitness and wellness clubs in the United States and Canada. Its locations combine fitness facilities with services and amenities such as group exercise classes, personal training, swimming, racquet sports, spa services, and dining.

The company also offers digital fitness and wellness content through its app and other platforms, complementing its in-person club services. Its clubs are designed to serve individuals and families with a range of fitness, recreation, and wellness programs.

Founded in 1992 as Life Time Fitness, the company is headquartered in Chanhassen, Minnesota.