987,689 Shares in Life Time Group Holdings, Inc. $LTH Purchased by AustralianSuper Pty Ltd

AustralianSuper Pty Ltd acquired a new stake in shares of Life Time Group Holdings, Inc. (NYSE:LTH) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 987,689 shares of the company’s stock, valued at approximately $27,260,000.

A number of other hedge funds have also modified their holdings of LTH. Voya Investment Management LLC boosted its stake in Life Time Group by 2,398.6% in the third quarter. Voya Investment Management LLC now owns 1,065,997 shares of the company’s stock worth $29,422,000 after purchasing an additional 1,023,333 shares in the last quarter. Fisher Asset Management LLC acquired a new position in Life Time Group during the 2nd quarter worth about $43,473,000. Divisadero Street Capital Management LP acquired a new position in Life Time Group during the 2nd quarter worth about $5,381,000. Norges Bank acquired a new stake in Life Time Group in the 2nd quarter valued at about $50,999,000. Finally, Lingotto Investment Management LLP acquired a new stake in Life Time Group in the 2nd quarter valued at about $4,437,000. 79.40% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Life Time Group

In other news, EVP Ritadhwaja Jebens Singh sold 12,088 shares of the company’s stock in a transaction dated Friday, January 23rd. The stock was sold at an average price of $29.75, for a total value of $359,618.00. Following the completion of the sale, the executive vice president directly owned 110,967 shares of the company’s stock, valued at $3,301,268.25. This represents a 9.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Eric J. Buss sold 74,487 shares of Life Time Group stock in a transaction that occurred on Friday, November 28th. The stock was sold at an average price of $28.05, for a total transaction of $2,089,360.35. Following the transaction, the executive vice president directly owned 380,683 shares in the company, valued at $10,678,158.15. The trade was a 16.36% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 249,297 shares of company stock valued at $7,011,703 in the last quarter. 8.70% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

Life Time Group Price Performance

Shares of LTH stock opened at $29.32 on Friday. Life Time Group Holdings, Inc. has a 52-week low of $24.14 and a 52-week high of $34.99. The stock has a market cap of $6.47 billion, a PE ratio of 22.73, a PEG ratio of 0.86 and a beta of 1.68. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.67. The firm’s 50 day moving average price is $27.13 and its two-hundred day moving average price is $27.26.

Life Time Group (NYSE:LTH) last issued its earnings results on Tuesday, November 4th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.34 by $0.07. The company had revenue of $782.65 million during the quarter, compared to analysts’ expectations of $770.93 million. Life Time Group had a net margin of 9.91% and a return on equity of 9.75%. As a group, analysts forecast that Life Time Group Holdings, Inc. will post 0.74 EPS for the current year.

Life Time Group Company 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.