Vanguard Group Inc. Boosts Position in Life Time Group Holdings, Inc. $LTH

Vanguard Group Inc. grew its stake in shares of Life Time Group Holdings, Inc. (NYSE:LTH) by 2.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,500,274 shares of the company’s stock after buying an additional 374,833 shares during the period. Vanguard Group Inc. owned 0.06% of Life Time Group worth $372,608,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC grew its stake in Life Time Group by 201.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,499 shares of the company’s stock valued at $45,000 after acquiring 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 period. Steward Partners Investment Advisory LLC raised its position in shares of Life Time Group by 2,741.7% in the second quarter. Steward Partners Investment Advisory LLC now owns 1,705 shares of the company’s stock worth $52,000 after buying an additional 1,645 shares in the last quarter. Asset Management One Co. Ltd. bought a new stake in Life Time Group during the third quarter valued at $69,000. Finally, SBI Securities Co. Ltd. grew its position in Life Time Group by 19.6% during the third quarter. SBI Securities Co. Ltd. now owns 4,222 shares of the company’s stock worth $117,000 after buying an additional 693 shares in the last quarter. 79.40% of the stock is currently owned by institutional investors.

Insider Activity at Life Time Group

In other news, EVP Ritadhwaja Jebens Singh sold 12,088 shares of the stock in a transaction that occurred on Friday, January 23rd. The stock was sold at an average price of $29.75, for a total transaction of $359,618.00. Following the completion of the sale, the executive vice president owned 110,967 shares of the company’s stock, valued at approximately $3,301,268.25. This represents a 9.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Erik Weaver sold 1,493 shares of the company’s stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $29.90, for a total transaction of $44,640.70. Following the sale, the chief financial officer owned 77,771 shares of the company’s stock, valued at $2,325,352.90. This represents a 1.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 19,461 shares of company stock worth $582,482. 8.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have weighed in on LTH shares. Guggenheim reaffirmed a “buy” rating and issued a $36.00 price target on shares of Life Time Group in a report on Friday, January 23rd. Zacks Research cut shares of Life Time Group from a “hold” rating to a “strong sell” rating in a research report on Monday, January 26th. Morgan Stanley lifted their target price on shares of Life Time Group from $37.00 to $38.00 and gave the company an “overweight” rating in a research report on Monday. Weiss Ratings reissued a “hold (c+)” rating on shares of Life Time Group in a research note on Thursday, January 22nd. Finally, Northland Securities set a $42.00 price objective on shares of Life Time Group in a research report on Friday, January 23rd. Six analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $37.80.

Life Time Group Price Performance

LTH stock opened at $27.70 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.55 and a current ratio of 0.63. The firm has a market cap of $6.14 billion, a P/E ratio of 16.69, a P/E/G ratio of 0.68 and a beta of 1.68. The firm’s fifty day moving average is $28.13 and its 200 day moving average is $27.28. Life Time Group Holdings, Inc. has a 52 week low of $24.14 and a 52 week high of $34.99.

Life Time Group (NYSE:LTH) last posted its quarterly earnings results on Tuesday, February 24th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.01. The business had revenue of $745.10 million during the quarter, compared to analyst estimates of $740.09 million. Life Time Group had a net margin of 12.51% and a return on equity of 10.20%. The company’s revenue was up 12.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.27 earnings per share. Research analysts predict that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current year.

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.