WINTON GROUP Ltd Has $3.81 Million Position in Life Time Group Holdings, Inc. $LTH

WINTON GROUP Ltd boosted its holdings in shares of Life Time Group Holdings, Inc. (NYSE:LTH) by 139.3% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 93,307 shares of the company’s stock after buying an additional 54,316 shares during the period. WINTON GROUP Ltd’s holdings in Life Time Group were worth $3,811,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of LTH. Royal Bank of Canada increased its stake in shares of Life Time Group by 140.4% in the first 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 period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Life Time Group by 25.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 70,855 shares of the company’s stock worth $2,140,000 after buying an additional 14,267 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Life Time Group by 143.7% in the first quarter. Goldman Sachs Group Inc. now owns 2,422,304 shares of the company’s stock valued at $73,154,000 after acquiring an additional 1,428,446 shares during the period. 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 grew its position 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 valued at $6,018,000 after acquiring an additional 64,348 shares during the period. Institutional investors own 79.40% of the company’s stock.

Insider Activity at Life Time Group

In other news, Director John Danhakl sold 2,879,154 shares of the stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $43.80, for a total value of $126,106,945.20. Following the completion of the transaction, the director owned 3,029,450 shares of the company’s stock, valued at approximately $132,689,910. This represents a 48.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John Galashan sold 2,879,154 shares of the stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $43.80, for a total value of $126,106,945.20. Following the completion of the transaction, the director owned 3,029,450 shares of the company’s stock, valued at $132,689,910. The trade was a 48.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 6,860,173 shares of company stock worth $301,356,840 in the last three months. Insiders own 13.30% of the company’s stock.

Life Time Group Trading Down 0.8%

Shares of Life Time Group stock opened at $41.41 on Friday. The company has a market capitalization of $9.25 billion, a price-to-earnings ratio of 22.51, a P/E/G ratio of 1.51 and a beta of 1.48. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.66 and a quick ratio of 0.56. The business has a fifty day simple moving average of $43.34 and a two-hundred day simple moving average of $35.01. Life Time Group Holdings, Inc. has a 1 year low of $24.14 and a 1 year high of $47.24.

Life Time Group (NYSE:LTH) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.11. Life Time Group had a return on equity of 10.56% and a net margin of 13.07%.The firm had revenue of $866.00 million for the quarter, compared to analyst estimates of $845.75 million. During the same period in the prior year, the firm posted $0.37 EPS. The company’s revenue for the quarter was up 13.7% on a year-over-year basis. Research analysts forecast that Life Time Group Holdings, Inc. will post 1.59 EPS for the current year.

Analyst Ratings Changes

LTH has been the subject of a number of recent analyst reports. Morgan Stanley raised their price target on Life Time Group from $39.00 to $53.00 and gave the company an “overweight” rating in a report on Tuesday, August 18th. Northland Securities set a $57.00 price objective on shares of Life Time Group in a report on Friday, July 31st. Deutsche Bank Aktiengesellschaft set a $54.00 target price on Life Time Group in a report on Friday, July 31st. Weiss Ratings raised shares of Life Time Group from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, August 6th. Finally, Wells Fargo & Company boosted their price objective on Life Time Group from $46.00 to $51.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Two analysts have rated the stock with a Strong Buy rating and thirteen have issued a Buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $54.85.

About Life Time Group

Life Time Group Holdings, Inc operates a network of athletic country clubs and wellness facilities in the United States and Canada. The company provides an integrated range of fitness, health, and lifestyle services designed for individuals and families.

Its clubs typically offer fitness equipment and classes, personal training, indoor and outdoor pools, courts for sports such as tennis and pickleball, childcare, spa services, cafes, and spaces for social and work-related activities. Life Time also provides digital fitness content, nutrition and wellness programs, recreational activities, and athletic events through its clubs and online platforms.

Founded in 1992, the company was originally known as Life Time Fitness before becoming Life Time Group Holdings.