Kennedy Capital Management LLC Purchases 34,764 Shares of Life Time Group Holdings, Inc. $LTH

Kennedy Capital Management LLC increased its position in Life Time Group Holdings, Inc. (NYSE:LTH) by 9.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 384,730 shares of the company’s stock after acquiring an additional 34,764 shares during the quarter. Kennedy Capital Management LLC’s holdings in Life Time Group were worth $10,226,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC raised its holdings in Life Time Group by 144.5% in the 4th quarter. GAMMA Investing LLC now owns 1,220 shares of the company’s stock worth $32,000 after acquiring an additional 721 shares during the period. Wexford Capital LP bought a new position in Life Time Group in the 3rd quarter worth $40,000. EverSource Wealth Advisors LLC raised its holdings in Life Time Group by 201.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,499 shares of the company’s stock worth $45,000 after acquiring an additional 1,002 shares during the period. Nisa Investment Advisors LLC raised its holdings in Life Time Group by 74.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,862 shares of the company’s stock worth $76,000 after acquiring an additional 1,225 shares during the period. Finally, Steward Partners Investment Advisory LLC raised its holdings in Life Time Group by 13.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 6,119 shares of the company’s stock worth $163,000 after acquiring an additional 717 shares during the period. Institutional investors own 79.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on LTH shares. The Goldman Sachs Group reiterated a “neutral” rating and issued a $37.00 target price on shares of Life Time Group in a report on Wednesday, May 6th. Jefferies Financial Group restated a “buy” rating and issued a $41.00 price target on shares of Life Time Group in a research report on Tuesday, May 5th. Wells Fargo & Company raised their price target on shares of Life Time Group from $37.00 to $38.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Morgan Stanley raised their price target on shares of Life Time Group from $38.00 to $39.00 and gave the stock an “overweight” rating in a research report on Thursday, May 14th. Finally, UBS Group restated a “buy” rating and issued a $43.00 price target on shares of Life Time Group in a research report on Thursday, March 12th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.30.

Insider Buying and Selling at Life Time Group

In other Life Time Group news, Director John G. Danhakl sold 4,991,749 shares of the business’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $31.46, for a total value of $157,040,423.54. Following the transaction, the director directly owned 16,242,383 shares in the company, valued at $510,985,369.18. The trade was a 23.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John Kristofer Galashan sold 4,991,749 shares of the business’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $31.46, for a total transaction of $157,040,423.54. Following the completion of the transaction, the director owned 16,242,383 shares in the company, valued at approximately $510,985,369.18. This trade represents a 23.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 27,876,110 shares of company stock worth $854,609,979 over the last ninety days. Corporate insiders own 13.30% of the company’s stock.

Life Time Group Stock Performance

NYSE:LTH opened at $34.23 on Monday. Life Time Group Holdings, Inc. has a 12-month low of $24.14 and a 12-month high of $35.33. The company has a quick ratio of 0.42, a current ratio of 0.53 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $7.62 billion, a PE ratio of 20.02, a price-to-earnings-growth ratio of 1.42 and a beta of 1.55. The firm has a 50-day moving average price of $30.59 and a 200 day moving average price of $28.48.

Life Time Group (NYSE:LTH) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.03. Life Time Group had a net margin of 12.56% and a return on equity of 10.10%. The firm had revenue of $788.70 million during the quarter, compared to analyst estimates of $787.65 million. During the same quarter in the prior year, the business posted $0.39 earnings per share. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. Research analysts anticipate that Life Time Group Holdings, Inc. will post 1.48 earnings per share for the current fiscal year.

Life Time Group Company Profile

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.