Hsbc Holdings PLC Has $3.51 Million Holdings in Life Time Group Holdings, Inc. $LTH

Hsbc Holdings PLC lifted its position in Life Time Group Holdings, Inc. (NYSE:LTH) by 77.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 116,784 shares of the company’s stock after purchasing an additional 50,998 shares during the quarter. Hsbc Holdings PLC owned 0.05% of Life Time Group worth $3,505,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Cetera Investment Advisers raised its stake in shares of Life Time Group by 81.2% in the 1st quarter. Cetera Investment Advisers now owns 27,089 shares of the company’s stock valued at $818,000 after buying an additional 12,143 shares in the last quarter. LPL Financial LLC acquired a new stake in shares of Life Time Group during the 1st quarter valued at about $2,329,000. Natixis Advisors LLC increased its stake in Life Time Group by 16.3% in the first quarter. Natixis Advisors LLC now owns 41,830 shares of the company’s stock valued at $1,263,000 after acquiring an additional 5,856 shares during the period. Harbour Investments Inc. acquired a new position in Life Time Group in the first quarter worth about $36,000. Finally, PNC Financial Services Group Inc. bought a new position in Life Time Group during the first quarter worth about $230,000. Institutional investors and hedge funds own 79.40% of the company’s stock.

Life Time Group Stock Up 0.5%

NYSE LTH opened at $26.71 on Friday. The firm has a market cap of $5.89 billion, a PE ratio of 20.71, a price-to-earnings-growth ratio of 0.84 and a beta of 1.67. Life Time Group Holdings, Inc. has a one year low of $21.49 and a one year high of $34.99. The stock’s 50 day simple moving average is $26.06 and its 200 day simple moving average is $27.71. 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 the consensus estimate of $0.34 by $0.07. The firm had revenue of $782.65 million during the quarter, compared to the consensus estimate of $770.93 million. Life Time Group had a return on equity of 9.75% and a net margin of 9.91%. As a group, sell-side analysts forecast that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current fiscal year.

Insider Buying and Selling at Life Time Group

In other news, EVP Eric J. Buss sold 162,722 shares of the company’s stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $28.04, for a total transaction of $4,562,724.88. Following the transaction, the executive vice president directly owned 380,683 shares in the company, valued at approximately $10,674,351.32. This represents a 29.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Partners Group Private Equity sold 745,707 shares of the stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $28.95, for a total transaction of $21,588,217.65. Following the sale, the insider directly owned 3,720,500 shares in the company, valued at $107,708,475. This trade represents a 16.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 10,971,714 shares of company stock worth $317,397,348 over the last quarter. Corporate insiders own 8.70% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Morgan Stanley lowered their price objective 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. Zacks Research raised Life Time Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 11th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Life Time Group in a research report on Wednesday, October 8th. Finally, UBS Group set a $48.00 price objective on Life Time Group in a research note on Friday, October 17th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $37.00.

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.