Hood River Capital Management LLC Boosts Stake in Life Time Group Holdings, Inc. (NYSE:LTH)

Hood River Capital Management LLC raised its position in Life Time Group Holdings, Inc. (NYSE:LTH) by 44.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,811,841 shares of the company’s stock after purchasing an additional 553,881 shares during the quarter. Hood River Capital Management LLC owned 0.91% of Life Time Group worth $34,117,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in LTH. Amalgamated Bank raised its holdings in shares of Life Time Group by 38.2% in the 2nd quarter. Amalgamated Bank now owns 2,036 shares of the company’s stock valued at $38,000 after buying an additional 563 shares during the period. Dnca Finance purchased a new stake in Life Time Group during the second quarter worth about $72,000. SG Americas Securities LLC acquired a new stake in shares of Life Time Group during the second quarter worth about $141,000. Hsbc Holdings PLC purchased a new position in shares of Life Time Group in the second quarter valued at approximately $192,000. Finally, Entropy Technologies LP acquired a new position in shares of Life Time Group in the first quarter valued at approximately $198,000. 79.40% of the stock is currently owned by institutional investors and hedge funds.

Life Time Group Price Performance

LTH stock opened at $24.97 on Monday. The stock has a market cap of $4.96 billion, a price-to-earnings ratio of 69.36, a PEG ratio of 3.03 and a beta of 1.87. Life Time Group Holdings, Inc. has a fifty-two week low of $11.10 and a fifty-two week high of $25.74. 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 business has a 50 day moving average price of $22.89 and a 200 day moving average price of $18.40.

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

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Craig Hallum started coverage on shares of Life Time Group in a report on Friday, July 19th. They set a “buy” rating and a $30.00 target price on the stock. Northland Securities lifted their target price on Life Time Group from $27.00 to $28.50 and gave the company an “outperform” rating in a report on Friday, August 2nd. The Goldman Sachs Group upped their price target on Life Time Group from $15.00 to $22.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Wells Fargo & Company lifted their price objective 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. Finally, Royal Bank of Canada boosted their price objective on Life Time Group from $20.00 to $27.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $25.56.

Insiders Place Their Bets

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

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.