LM Advisors LLC Sells 24,937 Shares of Life Time Group Holdings, Inc. $LTH

LM Advisors LLC lessened its holdings in Life Time Group Holdings, Inc. (NYSE:LTH) by 95.9% during the 4th quarter, HoldingsChannel reports. The firm owned 1,063 shares of the company’s stock after selling 24,937 shares during the period. LM Advisors LLC’s holdings in Life Time Group were worth $28,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its position in Life Time Group by 2.9% during the third quarter. Vanguard Group Inc. now owns 13,500,274 shares of the company’s stock valued at $372,608,000 after acquiring an additional 374,833 shares during the last quarter. BlueCrest Capital Management Ltd bought a new position in Life Time Group during the third quarter valued at $8,280,000. Quantbot Technologies LP bought a new position in Life Time Group during the third quarter valued at $3,472,000. ABN Amro Investment Solutions bought a new position in Life Time Group during the third quarter valued at $2,535,000. Finally, TD Asset Management Inc increased its position in Life Time Group by 158.1% during the third quarter. TD Asset Management Inc now owns 76,436 shares of the company’s stock valued at $2,110,000 after acquiring an additional 46,822 shares during the last quarter. Institutional investors own 79.40% of the company’s stock.

Insider Activity

In other news, Director Jimena Almendares sold 40,589 shares of the business’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $33.59, for a total transaction of $1,363,384.51. Following the completion of the sale, the director directly owned 36,983 shares of the company’s stock, valued at approximately $1,242,258.97. The trade was a 52.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Partners Group Private Equity sold 329,921 shares of the business’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $28.60, for a total transaction of $9,435,740.60. Following the sale, the insider directly owned 1,651,322 shares of the company’s stock, valued at $47,227,809.20. This represents a 16.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 27,876,110 shares of company stock valued at $854,609,979. Insiders own 13.30% of the company’s stock.

Wall Street Analysts Forecast Growth

LTH has been the topic of a number of analyst reports. Jefferies Financial Group reiterated a “buy” rating and set a $41.00 price objective on shares of Life Time Group in a research report on Tuesday, May 5th. Wells Fargo & Company boosted their price objective on shares of Life Time Group from $37.00 to $38.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. The Goldman Sachs Group reiterated a “neutral” rating and set a $37.00 price objective on shares of Life Time Group in a research report on Wednesday, May 6th. Mizuho boosted their price objective on shares of Life Time Group from $41.00 to $44.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. Finally, Morgan Stanley boosted their price objective on shares of Life Time Group from $38.00 to $39.00 and gave the company an “overweight” rating in a research report on Thursday, May 14th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $40.30.

Life Time Group Stock Down 0.2%

Shares of LTH opened at $34.23 on Monday. The firm has a market capitalization of $7.62 billion, a P/E ratio of 20.02, a P/E/G ratio of 1.42 and a beta of 1.55. Life Time Group Holdings, Inc. has a 12-month low of $24.14 and a 12-month high of $35.33. The company has a current ratio of 0.53, a quick ratio of 0.42 and a debt-to-equity ratio of 0.46. The firm has a fifty day moving average price of $30.59 and a 200-day moving average price of $28.48.

Life Time Group (NYSE:LTH) last issued its earnings results on Tuesday, May 5th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.03. The firm had revenue of $788.70 million during the quarter, compared to analyst estimates of $787.65 million. Life Time Group had a net margin of 12.56% and a return on equity of 10.10%. The business’s revenue was up 11.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.39 earnings per share. Equities research analysts expect that Life Time Group Holdings, Inc. will post 1.48 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.