Quantinno Capital Management LP Purchases 62,393 Shares of Life Time Group Holdings, Inc. $LTH

Quantinno Capital Management LP increased its position in Life Time Group Holdings, Inc. (NYSE:LTH) by 455.2% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 76,101 shares of the company’s stock after acquiring an additional 62,393 shares during the quarter. Quantinno Capital Management LP’s holdings in Life Time Group were worth $2,050,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Royal Bank of Canada increased its position in Life Time Group by 140.4% in the 1st quarter. Royal Bank of Canada now owns 54,380 shares of the company’s stock valued at $1,642,000 after acquiring an additional 31,762 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Life Time Group by 25.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 70,855 shares of the company’s stock worth $2,140,000 after purchasing an additional 14,267 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Life Time Group by 143.7% during the first quarter. Goldman Sachs Group Inc. now owns 2,422,304 shares of the company’s stock worth $73,154,000 after purchasing an additional 1,428,446 shares during the period. Caxton Associates LLP bought a new stake in shares of Life Time Group in the first quarter worth $221,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Life Time Group by 47.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 199,287 shares of the company’s stock worth $6,018,000 after purchasing an additional 64,348 shares during the last quarter. 79.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently weighed in on LTH shares. Royal Bank Of Canada increased their price objective on Life Time Group from $50.00 to $60.00 and gave the company an “outperform” rating in a report on Friday, July 31st. The Goldman Sachs Group started coverage on Life Time Group in a research report on Monday, August 3rd. They issued a “buy” rating and a $53.00 price target on the stock. Deutsche Bank Aktiengesellschaft set a $54.00 price target on Life Time Group in a research note on Friday, July 31st. Northland Securities set a $57.00 price objective on Life Time Group in a research report on Friday, July 31st. Finally, Oppenheimer lifted their price objective on Life Time Group from $43.00 to $60.00 and gave the stock an “outperform” rating in a research note on Thursday, June 25th. Two investment analysts have rated the stock with a Strong Buy rating and thirteen have given a Buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $53.77.

Insider Transactions at Life Time Group

In other Life Time Group news, CFO Erik Weaver sold 47,748 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $44.80, for a total value of $2,139,110.40. Following the completion of the sale, the chief financial officer owned 88,918 shares of the company’s stock, valued at approximately $3,983,526.40. This trade represents a 34.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Parham Javaheri sold 63,203 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $45.09, for a total value of $2,849,823.27. Following the transaction, the executive vice president directly owned 183,371 shares in the company, valued at $8,268,198.39. The trade was a 25.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 12,346,029 shares of company stock valued at $396,108,368. Company insiders own 13.30% of the company’s stock.

Life Time Group Price Performance

Shares of NYSE LTH opened at $42.56 on Tuesday. The firm has a market capitalization of $9.51 billion, a P/E ratio of 23.13, a P/E/G ratio of 1.61 and a beta of 1.50. The firm’s 50-day moving average price is $39.82 and its 200-day moving average price is $32.66. The company has a current ratio of 0.66, a quick ratio of 0.56 and a debt-to-equity ratio of 0.44. Life Time Group Holdings, Inc. has a 1-year low of $24.14 and a 1-year high of $47.24.

Life Time Group (NYSE:LTH) last issued its earnings results on Thursday, July 30th. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.37 by $0.11. Life Time Group had a return on equity of 10.56% and a net margin of 13.07%.The company had revenue of $866.00 million during the quarter, compared to the consensus estimate of $845.75 million. During the same period last year, the business posted $0.37 EPS. The firm’s revenue for the quarter was up 13.7% compared to the same quarter last year. Equities research analysts anticipate that Life Time Group Holdings, Inc. will post 1.57 earnings per share for the current fiscal year.

About Life Time Group

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.