Greenland Capital Management LP Has $299,000 Stock Holdings in Life Time Group Holdings, Inc. $LTH

Greenland Capital Management LP reduced its holdings in Life Time Group Holdings, Inc. (NYSE:LTH) by 92.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,844 shares of the company’s stock after selling 123,528 shares during the period. Greenland Capital Management LP’s holdings in Life Time Group were worth $299,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Harbour Investments Inc. acquired a new stake in shares of Life Time Group in the first quarter worth $36,000. Nisa Investment Advisors LLC boosted its holdings in Life Time Group by 98.9% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,506 shares of the company’s stock valued at $46,000 after purchasing an additional 749 shares during the period. IFP Advisors Inc grew its position in Life Time Group by 10,150.0% in the 2nd quarter. IFP Advisors Inc now owns 1,640 shares of the company’s stock worth $51,000 after purchasing an additional 1,624 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in shares of Life Time Group by 226.5% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,750 shares of the company’s stock worth $53,000 after purchasing an additional 1,214 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Life Time Group during the first quarter valued at about $74,000. 79.40% of the stock is owned by institutional investors.

Insider Activity at Life Time Group

In other news, major shareholder Partners Group Private Equity sold 745,707 shares of Life Time Group stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $28.95, for a total value of $21,588,217.65. Following the completion of the transaction, the insider owned 3,720,500 shares in the company, valued at approximately $107,708,475. The trade was a 16.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John G. Danhakl sold 4,991,976 shares of the stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $28.95, for a total value of $144,517,705.20. Following the sale, the director owned 24,906,061 shares in the company, valued at approximately $721,030,465.95. This trade represents a 16.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 10,743,880 shares of company stock valued at $311,008,231. Insiders own 8.70% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Morgan Stanley lowered their price target on Life Time Group from $39.00 to $37.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 12th. Weiss Ratings reissued a “hold (c+)” rating on shares of Life Time Group in a report on Wednesday, October 8th. Zacks Research upgraded Life Time Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 11th. Wall Street Zen cut Life Time Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Finally, UBS Group set a $48.00 price target on shares of Life Time Group in a report on Friday, October 17th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Life Time Group presently has an average rating of “Moderate Buy” and an average target price of $37.00.

Life Time Group Price Performance

Shares of LTH stock opened at $24.82 on Thursday. The stock’s fifty day simple moving average is $26.37 and its 200 day simple moving average is $27.98. Life Time Group Holdings, Inc. has a one year low of $21.49 and a one year high of $34.99. The firm has a market cap of $5.47 billion, a price-to-earnings ratio of 19.24, a P/E/G ratio of 0.78 and a beta of 1.68. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.67 and a quick ratio of 0.55.

Life Time Group (NYSE:LTH) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. Life Time Group had a return on equity of 9.75% and a net margin of 9.91%.The company had revenue of $782.65 million during the quarter, compared to analysts’ expectations of $770.93 million. Life Time Group has set its FY 2025 guidance at EPS. On average, analysts expect that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current fiscal year.

Life Time Group 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.