Amalgamated Bank Raises Holdings in Life Time Group Holdings, Inc. (NYSE:LTH)

Amalgamated Bank increased its position in Life Time Group Holdings, Inc. (NYSE:LTH) by 38.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 2,036 shares of the company’s stock after acquiring an additional 563 shares during the quarter. Amalgamated Bank’s holdings in Life Time Group were worth $38,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in LTH. Vanguard Group Inc. increased its position in shares of Life Time Group by 35.2% during the 4th quarter. Vanguard Group Inc. now owns 6,401,206 shares of the company’s stock valued at $96,530,000 after purchasing an additional 1,665,006 shares during the last quarter. Hood River Capital Management LLC increased its stake in Life Time Group by 3,657.9% in the 1st quarter. Hood River Capital Management LLC now owns 1,257,960 shares of the company’s stock worth $19,524,000 after purchasing an additional 1,224,485 shares during the period. Wellington Management Group LLP purchased a new stake in Life Time Group in the fourth quarter worth about $14,544,000. Dimensional Fund Advisors LP boosted its position in Life Time Group by 19.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,658,902 shares of the company’s stock valued at $87,728,000 after acquiring an additional 770,766 shares in the last quarter. Finally, Braun Stacey Associates Inc. purchased a new position in shares of Life Time Group during the 2nd quarter worth approximately $7,486,000. 79.40% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

LTH has been the subject of a number of research analyst reports. Wells Fargo & Company raised their target price on Life Time Group from $15.00 to $20.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 31st. Craig Hallum began coverage on Life Time Group in a research report on Friday, July 19th. They set a “buy” rating and a $30.00 price objective for the company. Royal Bank of Canada upped their target price on shares of Life Time Group from $20.00 to $27.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Northland Securities increased their price target on shares of Life Time Group from $27.00 to $28.50 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. Finally, Bank of America increased their target price on Life Time Group from $29.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.64.

Life Time Group Price Performance

Shares of NYSE:LTH opened at $23.98 on Wednesday. Life Time Group Holdings, Inc. has a 1-year low of $11.10 and a 1-year high of $25.75. The firm’s 50 day simple moving average is $23.44 and its two-hundred day simple moving average is $18.90. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.44 and a quick ratio of 0.32. The company has a market capitalization of $4.77 billion, a P/E ratio of 66.61, a P/E/G ratio of 3.18 and a beta of 1.87.

Life Time Group (NYSE:LTH) last released its earnings results on Thursday, August 1st. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.16 by $0.10. Life Time Group had a net margin of 4.54% and a return on equity of 5.36%. The firm had revenue of $667.80 million for the quarter, compared to the consensus estimate of $634.92 million. During the same quarter in the previous year, the firm earned $0.08 earnings per share. The company’s quarterly revenue was up 18.9% compared to the same quarter last year. Research analysts expect that Life Time Group Holdings, Inc. will post 0.56 EPS for the current fiscal year.

Insider Activity

In other news, major shareholder Partners Group Private Equity sold 650,000 shares of the business’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $20.88, for a total transaction of $13,572,000.00. Following the completion of the sale, the insider now directly owns 5,929,348 shares of the company’s stock, valued at $123,804,786.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director John G. Danhakl sold 3,575,000 shares of the stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $20.88, for a total value of $74,646,000.00. Following the completion of the transaction, the director now directly owns 55,166,700 shares of the company’s stock, valued at approximately $1,151,880,696. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Partners Group Private Equity sold 650,000 shares of the stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $20.88, for a total transaction of $13,572,000.00. Following the completion of the transaction, the insider now directly owns 5,929,348 shares of the company’s stock, valued at $123,804,786.24. The disclosure for this sale can be found here. Insiders own 12.50% of the company’s stock.

Life Time Group Company Profile

Life Time Group Holdings, Inc provides health, fitness, and wellness experiences to a community of individual members in the United States and Canada. It primarily engages in designing, building, and operating of sports and athletic, professional fitness, family recreation, and spa centers in a resort-like environment, principally in suburban and urban locations of metropolitan areas.