Odyssean LLC Buys 13,631 Shares of Life Time Group Holdings, Inc. $LTH

Odyssean LLC boosted its stake in shares of Life Time Group Holdings, Inc. (NYSE:LTH) by 23.8% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 70,954 shares of the company’s stock after buying an additional 13,631 shares during the period. Odyssean LLC’s holdings in Life Time Group were worth $2,898,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Wexford Capital LP purchased a new stake in shares of Life Time Group in the third quarter valued at $40,000. EverSource Wealth Advisors LLC boosted its stake in shares of Life Time Group by 201.6% during 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 during the period. Nykredit A S bought a new position in Life Time Group during the 2nd quarter valued at about $47,000. Kemnay Advisory Services Inc. bought a new position in Life Time Group during the 4th quarter valued at about $73,000. Finally, Versant Capital Management Inc raised its position in Life Time Group by 286.7% in the 2nd quarter. Versant Capital Management Inc now owns 1,806 shares of the company’s stock worth $74,000 after purchasing an additional 1,339 shares during the period. 79.40% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, major shareholder Partners Group Private Equity sold 329,921 shares of the business’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $28.60, for a total transaction of $9,435,740.60. Following the transaction, the insider directly owned 1,651,322 shares in the company, valued at $47,227,809.20. The trade was a 16.65% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Eric J. Buss sold 479,240 shares of the company’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $44.97, for a total value of $21,551,422.80. Following the transaction, the executive vice president directly owned 474,008 shares in the company, valued at $21,316,139.76. This represents a 50.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 5,883,869 shares of company stock valued at $186,023,546. 13.30% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on LTH. The Goldman Sachs Group assumed coverage on Life Time Group in a research report on Monday, August 3rd. They set a “buy” rating and a $53.00 target price for the company. Jefferies Financial Group increased their price target on Life Time Group from $41.00 to $51.00 and gave the stock a “buy” rating in a report on Monday, June 29th. Morgan Stanley raised their price target on Life Time Group from $39.00 to $53.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 18th. Mizuho boosted their price objective on Life Time Group from $63.00 to $64.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Finally, Bank of America reaffirmed a “buy” rating and issued a $51.00 price objective on shares of Life Time Group in a research report on Friday, July 31st. Two analysts have rated the stock with a Strong Buy rating and thirteen have given a Buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $54.85.

Life Time Group Price Performance

Shares of LTH opened at $44.54 on Wednesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.56 and a current ratio of 0.66. The company has a 50 day moving average price of $42.36 and a 200-day moving average price of $33.86. Life Time Group Holdings, Inc. has a fifty-two week low of $24.14 and a fifty-two week high of $47.24. The stock has a market capitalization of $9.95 billion, a PE ratio of 24.21, a PEG ratio of 1.65 and a beta of 1.50.

Life Time Group (NYSE:LTH) last announced its earnings results on Thursday, July 30th. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.11. The business had revenue of $866.00 million during the quarter, compared to the consensus estimate of $845.75 million. Life Time Group had a net margin of 13.07% and a return on equity of 10.56%. The firm’s revenue was up 13.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.37 earnings per share. Equities analysts predict that Life Time Group Holdings, Inc. will post 1.59 earnings per share for the current fiscal 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.