Rhumbline Advisers Grows Stake in Life Time Group Holdings, Inc. (NYSE:LTH)

Rhumbline Advisers increased its holdings in shares of Life Time Group Holdings, Inc. (NYSE:LTH) by 32.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 92,669 shares of the company’s stock after purchasing an additional 22,836 shares during the quarter. Rhumbline Advisers’ holdings in Life Time Group were worth $1,745,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Dnca Finance purchased a new stake in shares of Life Time Group during the second quarter worth about $72,000. SG Americas Securities LLC purchased a new stake in shares of Life Time Group during the second quarter worth about $141,000. Entropy Technologies LP purchased a new stake in shares of Life Time Group during the first quarter worth about $198,000. Price T Rowe Associates Inc. MD grew its position in shares of Life Time Group by 17.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 12,769 shares of the company’s stock worth $199,000 after purchasing an additional 1,866 shares in the last quarter. Finally, Assetmark Inc. boosted its stake in Life Time Group by 17.5% during the fourth quarter. Assetmark Inc. now owns 14,305 shares of the company’s stock valued at $216,000 after buying an additional 2,133 shares during the last quarter. Hedge funds and other institutional investors own 79.40% of the company’s stock.

Insiders Place Their Bets

In other Life Time Group 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 transaction of $13,572,000.00. Following the transaction, the insider now directly owns 5,929,348 shares in the company, valued at approximately $123,804,786.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director John G. Danhakl sold 3,575,000 shares of Life Time Group stock in a transaction on 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 transaction, the director now directly owns 55,166,700 shares in the company, valued at approximately $1,151,880,696. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Partners Group Private Equity sold 650,000 shares of Life Time Group stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $20.88, for a total value of $13,572,000.00. Following the completion of the transaction, the insider now owns 5,929,348 shares in the company, valued at $123,804,786.24. The disclosure for this sale can be found here. 12.50% of the stock is currently owned by company insiders.

Life Time Group Price Performance

Shares of LTH stock opened at $24.98 on Friday. Life Time Group Holdings, Inc. has a 52-week low of $11.10 and a 52-week high of $25.74. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.32 and a current ratio of 0.44. The firm has a market capitalization of $4.97 billion, a P/E ratio of 69.39, a P/E/G ratio of 3.03 and a beta of 1.87. The stock has a 50 day moving average price of $22.89 and a 200 day moving average price of $18.34.

Life Time Group (NYSE:LTH) last issued 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. Life Time Group had a return on equity of 5.36% and a net margin of 4.54%. The firm had revenue of $667.80 million during the quarter, compared to analyst estimates of $634.92 million. During the same period last year, the company earned $0.08 EPS. Life Time Group’s quarterly revenue was up 18.9% compared to the same quarter last year. As a group, sell-side analysts predict that Life Time Group Holdings, Inc. will post 0.56 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently commented on LTH. Wells Fargo & Company increased their price target on Life Time Group from $15.00 to $20.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 31st. Craig Hallum began coverage on Life Time Group in a research note on Friday, July 19th. They set a “buy” rating and a $30.00 price target for the company. Northland Securities increased their price target on Life Time Group from $27.00 to $28.50 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Bank of America increased their price target on Life Time Group from $29.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, September 6th. Finally, Royal Bank of Canada increased their price target on Life Time Group from $20.00 to $27.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Life Time Group has an average rating of “Moderate Buy” and a consensus price target of $25.56.

Life Time Group Company 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.