Hsbc Holdings PLC Makes New Investment in Life Time Group Holdings, Inc. (NYSE:LTH)

Hsbc Holdings PLC bought a new position in Life Time Group Holdings, Inc. (NYSE:LTH) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 10,186 shares of the company’s stock, valued at approximately $192,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in LTH. Vanguard Group Inc. raised its holdings in Life Time Group by 35.2% in the fourth quarter. Vanguard Group Inc. now owns 6,401,206 shares of the company’s stock worth $96,530,000 after purchasing an additional 1,665,006 shares in the last quarter. Hood River Capital Management LLC increased its stake in shares of Life Time Group by 3,657.9% in the 1st quarter. Hood River Capital Management LLC now owns 1,257,960 shares of the company’s stock worth $19,524,000 after acquiring an additional 1,224,485 shares in the last quarter. Wellington Management Group LLP bought a new stake in Life Time Group during the fourth quarter worth about $14,544,000. Dimensional Fund Advisors LP boosted its stake in Life Time Group by 19.8% during the second quarter. Dimensional Fund Advisors LP now owns 4,658,902 shares of the company’s stock worth $87,728,000 after acquiring an additional 770,766 shares in the last quarter. Finally, Braun Stacey Associates Inc. bought a new position in shares of Life Time Group during the second quarter valued at approximately $7,486,000. Hedge funds and other institutional investors own 79.40% of the company’s stock.

Life Time Group Stock Up 3.0 %

LTH opened at $24.88 on Friday. Life Time Group Holdings, Inc. has a twelve month low of $11.10 and a twelve month high of $25.75. The company has a quick ratio of 0.32, a current ratio of 0.44 and a debt-to-equity ratio of 0.77. The firm has a 50 day moving average price of $23.66 and a 200-day moving average price of $19.08. The stock has a market capitalization of $4.95 billion, a price-to-earnings ratio of 69.11, a PEG ratio of 3.18 and a beta of 1.87.

Life Time Group (NYSE:LTH) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.10. The firm had revenue of $667.80 million for the quarter, compared to the consensus estimate of $634.92 million. Life Time Group had a return on equity of 5.36% and a net margin of 4.54%. The company’s revenue for the quarter was up 18.9% on a year-over-year basis. During the same period last year, the business posted $0.08 EPS. Equities research analysts forecast that Life Time Group Holdings, Inc. will post 0.56 earnings per share for the current year.

Insider Buying and Selling at Life Time Group

In related news, major shareholder Partners Group Private Equity sold 650,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $20.88, for a total transaction of $13,572,000.00. Following the completion of the sale, the insider now directly owns 5,929,348 shares in the company, valued at approximately $123,804,786.24. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, major shareholder Partners Group Private Equity sold 650,000 shares of the firm’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $20.88, for a total value of $13,572,000.00. Following the transaction, the insider now directly owns 5,929,348 shares of the company’s stock, valued at approximately $123,804,786.24. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John G. Danhakl sold 3,575,000 shares of the company’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $20.88, for a total value of $74,646,000.00. Following the completion of the sale, the director now owns 55,166,700 shares of the company’s stock, valued at approximately $1,151,880,696. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 12.50% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on LTH. The Goldman Sachs Group boosted their price target on Life Time Group from $15.00 to $22.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Wells Fargo & Company increased their target price on Life Time Group from $15.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 31st. Craig Hallum started coverage on Life Time Group in a research report on Friday, July 19th. They issued a “buy” rating and a $30.00 price target for the company. Royal Bank of Canada increased their price objective on shares of Life Time Group from $20.00 to $27.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. Finally, Northland Securities lifted their target price on shares of Life Time Group from $27.00 to $28.50 and gave the stock an “outperform” rating in a report on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $26.64.

Life Time Group Profile

Life Time Group Holdings, Inc provides health, fitness, and wellness experiences to a community of individual members in the United States and Canada. It primarily engages in designing, building, and operating of sports and athletic, professional fitness, family recreation, and spa centers in a resort-like environment, principally in suburban and urban locations of metropolitan areas.