JPMorgan Chase & Co. Sells 1,951,520 Shares of Life Time Group Holdings, Inc. $LTH

JPMorgan Chase & Co. lowered its holdings in Life Time Group Holdings, Inc. (NYSE:LTHFree Report) by 50.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,930,046 shares of the company’s stock after selling 1,951,520 shares during the quarter. JPMorgan Chase & Co. owned 0.88% of Life Time Group worth $53,269,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. SBI Securities Co. Ltd. grew its stake in shares of Life Time Group by 19.6% in the third quarter. SBI Securities Co. Ltd. now owns 4,222 shares of the company’s stock worth $117,000 after acquiring an additional 693 shares during the last quarter. Zions Bancorporation National Association UT grew its position in Life Time Group by 1.6% in the 2nd quarter. Zions Bancorporation National Association UT now owns 43,570 shares of the company’s stock worth $1,321,000 after purchasing an additional 699 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Life Time Group by 98.9% during the 2nd 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 period. Teacher Retirement System of Texas raised its position in shares of Life Time Group by 6.5% during the second quarter. Teacher Retirement System of Texas now owns 14,877 shares of the company’s stock valued at $451,000 after buying an additional 907 shares during the last quarter. Finally, Caxton Associates LLP lifted its stake in shares of Life Time Group by 12.9% in the second quarter. Caxton Associates LLP now owns 8,268 shares of the company’s stock valued at $251,000 after buying an additional 946 shares during the period. 79.40% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Life Time Group

Here are the key news stories impacting Life Time Group this week:

Insider Activity at Life Time Group

In other news, EVP Ritadhwaja Jebens Singh sold 5,880 shares of the firm’s stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $30.31, for a total value of $178,222.80. Following the completion of the sale, the executive vice president directly owned 102,144 shares in the company, valued at approximately $3,095,984.64. This trade represents a 5.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Eric J. Buss sold 74,487 shares of Life Time Group stock in a transaction dated Friday, November 28th. The shares were sold at an average price of $28.05, for a total value of $2,089,360.35. Following the completion of the transaction, the executive vice president directly owned 380,683 shares of the company’s stock, valued at $10,678,158.15. This represents a 16.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 93,948 shares of company stock valued at $2,671,842 in the last three months. Corporate insiders own 8.70% of the company’s stock.

Life Time Group Trading Down 5.6%

Shares of Life Time Group stock opened at $26.30 on Thursday. Life Time Group Holdings, Inc. has a 12-month low of $24.14 and a 12-month high of $34.99. The stock has a market capitalization of $5.80 billion, a P/E ratio of 15.84, a price-to-earnings-growth ratio of 0.73 and a beta of 1.68. The company has a 50-day simple moving average of $28.10 and a 200 day simple moving average of $27.28. The company has a quick ratio of 0.55, a current ratio of 0.67 and a debt-to-equity ratio of 0.50.

Life Time Group (NYSE:LTHGet Free Report) last released its quarterly earnings results on Tuesday, February 24th. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.01. Life Time Group had a net margin of 12.51% and a return on equity of 10.44%. The firm had revenue of $745.10 million for the quarter, compared to analyst estimates of $740.09 million. During the same period in the previous year, the business earned $0.27 earnings per share. The company’s revenue for the quarter was up 12.3% compared to the same quarter last year. Research analysts expect that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

LTH has been the topic of several research reports. Weiss Ratings restated a “hold (c+)” rating on shares of Life Time Group in a research note on Thursday, January 22nd. Morgan Stanley boosted their price objective on Life Time Group from $37.00 to $38.00 and gave the company an “overweight” rating in a research report on Monday. Guggenheim reaffirmed a “buy” rating and issued a $36.00 target price on shares of Life Time Group in a research report on Friday, January 23rd. Zacks Research lowered shares of Life Time Group from a “hold” rating to a “strong sell” rating in a report on Monday, January 26th. Finally, Northland Securities set a $42.00 price objective on shares of Life Time Group in a research note on Friday, January 23rd. Nine analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Life Time Group presently has an average rating of “Moderate Buy” and an average target price of $36.85.

View Our Latest Stock Analysis on LTH

Life Time Group Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Life Time Group (NYSE:LTH)

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