Wedge Capital Management L L P NC Has $43.22 Million Stock Position in Life Time Group Holdings, Inc. $LTH

Wedge Capital Management L L P NC lessened its stake in shares of Life Time Group Holdings, Inc. (NYSE:LTH) by 16.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,058,320 shares of the company’s stock after selling 208,614 shares during the quarter. Life Time Group comprises 0.7% of Wedge Capital Management L L P NC’s investment portfolio, making the stock its 27th biggest holding. Wedge Capital Management L L P NC’s holdings in Life Time Group were worth $43,222,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently made changes to their positions in the company. Kestra Advisory Services LLC increased its position in Life Time Group by 4.0% in the 4th quarter. Kestra Advisory Services LLC now owns 10,950 shares of the company’s stock valued at $291,000 after buying an additional 420 shares in the last quarter. Harbour Investments Inc. grew its stake in Life Time Group by 8.8% in the fourth quarter. Harbour Investments Inc. now owns 6,387 shares of the company’s stock valued at $170,000 after acquiring an additional 516 shares during the period. EverSource Wealth Advisors LLC grew its stake in Life Time Group by 49.5% in the first quarter. EverSource Wealth Advisors LLC now owns 1,772 shares of the company’s stock valued at $48,000 after acquiring an additional 587 shares during the period. Strs Ohio increased its holdings in shares of Life Time Group by 10.0% during the fourth quarter. Strs Ohio now owns 6,600 shares of the company’s stock valued at $175,000 after acquiring an additional 600 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC increased its holdings in shares of Life Time Group by 13.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 6,119 shares of the company’s stock valued at $163,000 after acquiring an additional 717 shares in the last quarter. 79.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LTH has been the topic of a number of recent research reports. Jefferies Financial Group increased their target price on Life Time Group from $41.00 to $51.00 and gave the stock a “buy” rating in a report on Monday, June 29th. Zacks Research upgraded shares of Life Time Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 23rd. Northland Securities set a $57.00 price objective on shares of Life Time Group in a report on Friday, July 31st. Guggenheim boosted their target price on shares of Life Time Group from $41.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Finally, Mizuho upped their target price on shares of Life Time Group from $63.00 to $64.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Two research analysts have rated the stock with a Strong Buy rating and thirteen have assigned a Buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $53.77.

Insiders Place Their Bets

In other Life Time Group news, EVP Ritadhwaja Jebens Singh sold 67,751 shares of Life Time Group stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $38.65, for a total transaction of $2,618,576.15. Following the transaction, the executive vice president owned 138,351 shares of the company’s stock, valued at $5,347,266.15. This trade represents a 32.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Bahram Akradi sold 438,257 shares of the business’s stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $45.03, for a total value of $19,734,712.71. Following the completion of the transaction, the chief executive officer owned 3,615,086 shares in the company, valued at $162,787,322.58. The trade was a 10.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 12,346,029 shares of company stock worth $396,108,368 in the last ninety days. 13.30% of the stock is owned by corporate insiders.

Life Time Group Price Performance

Shares of NYSE:LTH opened at $43.85 on Wednesday. The company has a current ratio of 0.66, a quick ratio of 0.56 and a debt-to-equity ratio of 0.44. The stock has a market cap of $9.80 billion, a PE ratio of 23.83, a price-to-earnings-growth ratio of 1.56 and a beta of 1.50. The stock’s fifty day simple moving average is $40.05 and its two-hundred day simple moving average is $32.77. 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 posted its earnings results on Thursday, July 30th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.11. The firm had revenue of $866.00 million during the quarter, compared to analyst estimates of $845.75 million. Life Time Group had a net margin of 13.07% and a return on equity of 10.56%. The business’s revenue was up 13.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.37 EPS. As a group, analysts forecast that Life Time Group Holdings, Inc. will post 1.57 EPS for the current fiscal 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.