Militia Capital Partners LP raised its holdings in Life Time Group Holdings, Inc. (NYSE:LTH – Free Report) by 87.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 58,200 shares of the company’s stock after buying an additional 27,200 shares during the quarter. Militia Capital Partners LP’s holdings in Life Time Group were worth $1,547,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. GAMMA Investing LLC grew its position in shares of Life Time Group by 144.5% in the 4th quarter. GAMMA Investing LLC now owns 1,220 shares of the company’s stock worth $32,000 after buying an additional 721 shares during the last quarter. Wexford Capital LP bought a new stake in shares of Life Time Group in the 3rd quarter worth approximately $40,000. EverSource Wealth Advisors LLC grew its position in shares of Life Time Group by 201.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,499 shares of the company’s stock worth $45,000 after buying an additional 1,002 shares during the last quarter. Nisa Investment Advisors LLC grew its position in shares of Life Time Group by 74.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,862 shares of the company’s stock worth $76,000 after buying an additional 1,225 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC grew its position in shares of Life Time Group by 13.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 6,119 shares of the company’s stock worth $163,000 after buying an additional 717 shares during the last quarter. 79.40% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
LTH has been the topic of a number of recent analyst reports. Jefferies Financial Group reiterated a “buy” rating and issued a $41.00 price objective on shares of Life Time Group in a research report on Tuesday, May 5th. Wells Fargo & Company lifted their price objective on Life Time Group from $37.00 to $38.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Guggenheim raised their target price on Life Time Group from $36.00 to $41.00 and gave the company a “buy” rating in a research note on Monday. KeyCorp began coverage on Life Time Group in a research note on Thursday, March 12th. They issued an “overweight” rating and a $40.00 target price for the company. Finally, UBS Group restated a “buy” rating and issued a $43.00 target price on shares of Life Time Group in a research note on Thursday, March 12th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $40.80.
Insider Buying and Selling at Life Time Group
In other Life Time Group news, Director John G. Danhakl sold 4,991,749 shares of Life Time Group stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $31.46, for a total transaction of $157,040,423.54. Following the completion of the transaction, the director owned 16,242,383 shares in the company, valued at approximately $510,985,369.18. The trade was a 23.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Partners Group Private Equity sold 747,178 shares of Life Time Group stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $31.46, for a total value of $23,506,219.88. Following the transaction, the insider owned 2,431,203 shares of the company’s stock, valued at $76,485,646.38. The trade was a 23.51% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 27,876,110 shares of company stock worth $854,609,979. 13.30% of the stock is owned by insiders.
Life Time Group Stock Up 1.9%
Shares of NYSE:LTH opened at $34.90 on Wednesday. The stock has a fifty day simple moving average of $30.89 and a two-hundred day simple moving average of $28.58. The stock has a market capitalization of $7.77 billion, a price-to-earnings ratio of 20.41, a PEG ratio of 1.42 and a beta of 1.55. Life Time Group Holdings, Inc. has a 12-month low of $24.14 and a 12-month high of $35.33. The company has a current ratio of 0.53, a quick ratio of 0.42 and a debt-to-equity ratio of 0.46.
Life Time Group (NYSE:LTH – Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.03. The business had revenue of $788.70 million during the quarter, compared to analysts’ expectations of $787.65 million. Life Time Group had a return on equity of 10.10% and a net margin of 12.56%.The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.39 earnings per share. On average, research analysts anticipate that Life Time Group Holdings, Inc. will post 1.48 earnings per share for the current fiscal year.
About Life Time Group
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.
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