Renaissance Group LLC Takes $7.36 Million Position in Life Time Group Holdings, Inc. $LTH

Renaissance Group LLC bought a new position in Life Time Group Holdings, Inc. (NYSE:LTH) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 266,648 shares of the company’s stock, valued at approximately $7,359,000. Renaissance Group LLC owned approximately 0.12% of Life Time Group as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of LTH. EverSource Wealth Advisors LLC lifted its stake 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 purchasing an additional 1,002 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Life Time Group by 98.9% in the second quarter. Nisa Investment Advisors LLC now owns 1,506 shares of the company’s stock worth $46,000 after purchasing an additional 749 shares during the last quarter. IFP Advisors Inc lifted its position in shares of Life Time Group by 10,150.0% in the second quarter. IFP Advisors Inc now owns 1,640 shares of the company’s stock worth $51,000 after buying an additional 1,624 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its stake in Life Time Group by 2,741.7% during the second quarter. Steward Partners Investment Advisory LLC now owns 1,705 shares of the company’s stock valued at $52,000 after buying an additional 1,645 shares during the last quarter. Finally, Asset Management One Co. Ltd. purchased a new position in Life Time Group during the 3rd quarter valued at approximately $69,000. 79.40% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on LTH. UBS Group set a $48.00 price objective on Life Time Group in a report on Friday, October 17th. Morgan Stanley reduced their price target on shares of Life Time Group from $39.00 to $37.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 12th. Guggenheim reiterated a “buy” rating and set a $36.00 price objective on shares of Life Time Group in a research report on Friday, January 23rd. Northland Securities set a $42.00 target price on shares of Life Time Group in a research report on Friday, January 23rd. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Life Time Group in a research note on Thursday, January 22nd. Nine analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $36.77.

Life Time Group Price Performance

LTH stock opened at $29.79 on Friday. The stock has a market cap of $6.57 billion, a PE ratio of 23.09, a P/E/G ratio of 0.76 and a beta of 1.68. Life Time Group Holdings, Inc. has a 12 month low of $24.14 and a 12 month high of $34.99. The company has a 50-day moving average price of $27.41 and a 200 day moving average price of $27.23. The company has a current ratio of 0.67, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50.

Life Time Group (NYSE:LTH) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.07. The business had revenue of $782.65 million during the quarter, compared to the consensus estimate of $770.93 million. Life Time Group had a net margin of 9.91% and a return on equity of 9.75%. Equities research analysts anticipate that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current year.

Insider Activity at Life Time Group

In related news, CFO Erik Weaver sold 1,493 shares of the business’s stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $29.90, for a total transaction of $44,640.70. Following the completion of the transaction, the chief financial officer owned 77,771 shares in the company, valued at $2,325,352.90. The trade was a 1.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Eric J. Buss sold 162,722 shares of Life Time Group stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $28.04, for a total value of $4,562,724.88. Following the sale, the executive vice president owned 380,683 shares of the company’s stock, valued at approximately $10,674,351.32. This trade represents a 29.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 256,670 shares of company stock worth $7,234,567 in the last quarter. 8.70% of the stock is owned by company insiders.

Life Time Group 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.