Hussman Strategic Advisors Inc. Invests $1.27 Million in Life Time Group Holdings, Inc. $LTH

Hussman Strategic Advisors Inc. purchased a new stake in Life Time Group Holdings, Inc. (NYSE:LTH) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 42,000 shares of the company’s stock, valued at approximately $1,274,000.

A number of other institutional investors have also added to or reduced their stakes in LTH. Harbour Investments Inc. bought a new position in Life Time Group in the 1st quarter worth about $36,000. Nisa Investment Advisors LLC lifted its holdings in shares of Life Time Group by 98.9% in the second quarter. Nisa Investment Advisors LLC now owns 1,506 shares of the company’s stock worth $46,000 after buying an additional 749 shares in the last quarter. IFP Advisors Inc boosted its position in shares of Life Time Group by 10,150.0% in the second quarter. IFP Advisors Inc now owns 1,640 shares of the company’s stock valued at $51,000 after acquiring an additional 1,624 shares during the period. Caitong International Asset Management Co. Ltd grew its stake in Life Time Group by 226.5% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,750 shares of the company’s stock valued at $53,000 after acquiring an additional 1,214 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new stake in Life Time Group during the 1st quarter worth approximately $74,000. Hedge funds and other institutional investors own 79.40% of the company’s stock.

Insider Buying and Selling at Life Time Group

In related news, Director John G. Danhakl sold 4,991,976 shares of the stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $28.95, for a total transaction of $144,517,705.20. Following the transaction, the director owned 24,906,061 shares of the company’s stock, valued at approximately $721,030,465.95. This trade represents a 16.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John Kristofer Galashan sold 4,991,976 shares of the business’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $28.95, for a total transaction of $144,517,705.20. Following the completion of the sale, the director directly owned 24,906,061 shares of the company’s stock, valued at $721,030,465.95. This represents a 16.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 10,743,880 shares of company stock valued at $311,008,231. 8.70% of the stock is currently owned by corporate insiders.

Life Time Group Stock Up 5.3%

LTH opened at $26.19 on Wednesday. The business’s fifty day simple moving average is $27.03 and its 200 day simple moving average is $28.40. Life Time Group Holdings, Inc. has a 52 week low of $21.49 and a 52 week high of $34.99. The company has a quick ratio of 0.53, a current ratio of 0.65 and a debt-to-equity ratio of 0.52. The stock has a market cap of $5.76 billion, a PE ratio of 25.67 and a beta of 1.68.

Life Time Group (NYSE:LTH) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.33 by $0.04. The firm had revenue of $761.47 million for the quarter, compared to analyst estimates of $752.33 million. Life Time Group had a return on equity of 9.05% and a net margin of 8.03%.The company’s revenue was up 14.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.26 EPS. As a group, research analysts expect that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Life Time Group in a research report on Wednesday, October 8th. Morgan Stanley raised Life Time Group from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $34.00 to $39.00 in a research note on Monday, October 27th. Wall Street Zen cut Life Time Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Finally, UBS Group set a $48.00 price target on Life Time Group in a report on Friday, October 17th. Ten investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $37.14.

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.