Militia Capital Management LLC Takes $4.34 Million Position in Life Time Group Holdings, Inc. $LTH

Militia Capital Management LLC bought a new position in Life Time Group Holdings, Inc. (NYSE:LTH) during the 1st quarter, Holdings Channel.com reports. The fund bought 161,100 shares of the company’s stock, valued at approximately $4,340,000. Life Time Group makes up approximately 1.0% of Militia Capital Management LLC’s holdings, making the stock its 15th biggest holding.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in Life Time Group by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 13,643,761 shares of the company’s stock valued at $362,651,000 after acquiring an additional 143,487 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in 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 worth $217,929,000 after purchasing an additional 1,068,208 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in Life Time Group by 41.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 7,157,957 shares of the company’s stock worth $216,644,000 after purchasing an additional 2,091,712 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of Life Time Group by 0.6% during the 4th quarter. Wellington Management Group LLP now owns 5,863,510 shares of the company’s stock valued at $155,852,000 after purchasing an additional 34,964 shares during the last quarter. Finally, Bank of America Corp DE boosted its holdings in shares of Life Time Group by 102.1% during 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 purchasing an additional 2,156,033 shares during the last quarter. Institutional investors own 79.40% of the company’s stock.

Life Time Group Price Performance

LTH stock opened at $42.07 on Thursday. Life Time Group Holdings, Inc. has a 52 week low of $24.14 and a 52 week high of $43.96. 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 company has a fifty day simple moving average of $36.90 and a two-hundred day simple moving average of $31.12. The firm has a market capitalization of $9.37 billion, a P/E ratio of 24.60, a price-to-earnings-growth ratio of 1.74 and a beta of 1.51.

Life Time Group (NYSE:LTH) last posted its earnings results on Tuesday, May 5th. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $787.65 million. During the same period in the previous year, the firm posted $0.39 EPS. The business’s quarterly revenue was up 11.7% on a year-over-year basis. Analysts anticipate that Life Time Group Holdings, Inc. will post 1.48 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on LTH. Morgan Stanley raised their price objective on Life Time Group from $38.00 to $39.00 and gave the company an “overweight” rating in a research report on Thursday, May 14th. Weiss Ratings reissued a “hold (c+)” rating on shares of Life Time Group in a research note on Wednesday, July 8th. Zacks Research cut Life Time Group from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Northland Securities lifted their price objective on Life Time Group from $43.00 to $48.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 24th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $37.00 price objective on shares of Life Time Group in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $45.67.

Insider Activity at Life Time Group

In other news, Director John G. Danhakl sold 4,991,749 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $31.46, for a total value of $157,040,423.54. Following the completion of the sale, the director directly owned 16,242,383 shares of the company’s stock, valued at $510,985,369.18. This trade represents a 23.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John Kristofer Galashan sold 4,991,749 shares of Life Time Group stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $31.46, for a total value of $157,040,423.54. Following the completion of the transaction, the director owned 16,242,383 shares of the company’s stock, valued at approximately $510,985,369.18. This trade represents a 23.51% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 27,943,861 shares of company stock valued at $857,228,555. Insiders own 13.30% of the company’s stock.

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.