399,163 Shares in Life Time Group Holdings, Inc. $LTH Bought by Ranger Investment Management L.P.

Ranger Investment Management L.P. purchased a new stake in Life Time Group Holdings, Inc. (NYSE:LTH) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 399,163 shares of the company’s stock, valued at approximately $16,302,000. Ranger Investment Management L.P. owned about 0.18% of Life Time Group at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Wexford Capital LP bought a new stake in shares of Life Time Group in the 3rd quarter worth $40,000. EverSource Wealth Advisors LLC raised its holdings in shares of Life Time Group by 201.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,499 shares of the company’s stock valued at $45,000 after purchasing an additional 1,002 shares during the last quarter. Kemnay Advisory Services Inc. purchased a new stake in shares of Life Time Group in the fourth quarter valued at about $73,000. Versant Capital Management Inc lifted its position in shares of Life Time Group by 286.7% during the second quarter. Versant Capital Management Inc now owns 1,806 shares of the company’s stock valued at $74,000 after purchasing an additional 1,339 shares in the last quarter. Finally, Phillip James Consulting Co. bought a new position in shares of Life Time Group during the first quarter valued at about $91,000. 79.40% of the stock is currently owned by institutional investors.

Life Time Group Trading Up 0.1%

NYSE LTH opened at $45.15 on Monday. The business’s fifty day moving average is $41.93 and its 200-day moving average is $33.64. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.66 and a quick ratio of 0.56. The stock has a market capitalization of $10.09 billion, a price-to-earnings ratio of 24.54, a PEG ratio of 1.63 and a beta of 1.50. Life Time Group Holdings, Inc. has a one year low of $24.14 and a one year high of $47.24.

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

Insider Transactions at Life Time Group

In other news, major shareholder Partners Group Private Equity sold 329,921 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the insider owned 1,651,322 shares in the company, valued at $47,227,809.20. This trade represents a 16.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John G. Danhakl sold 2,208,580 shares of Life Time Group stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $28.60, for a total transaction of $63,165,388.00. Following the completion of the sale, the director directly owned 11,027,703 shares in the company, valued at $315,392,305.80. This trade represents a 16.69% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 5,883,869 shares of company stock valued at $186,023,546. Corporate insiders own 13.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on LTH shares. Zacks Research upgraded shares of Life Time Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 23rd. UBS Group increased their price objective on shares of Life Time Group from $43.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. Northland Securities set a $57.00 target price on shares of Life Time Group in a research report on Friday, July 31st. Bank of America restated a “buy” rating and issued a $51.00 target price on shares of Life Time Group in a research note on Friday, July 31st. Finally, Weiss Ratings raised Life Time Group from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, August 6th. Two analysts have rated the stock with a Strong Buy rating and thirteen have assigned a Buy rating to the company. According to data from MarketBeat, Life Time Group presently has an average rating of “Buy” and an average target price of $54.85.

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.