Geode Capital Management LLC grew its position in Life Time Group Holdings, Inc. (NYSE:LTH – Free Report) by 6.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,519,811 shares of the company’s stock after acquiring an additional 207,822 shares during the period. Geode Capital Management LLC’s holdings in Life Time Group were worth $93,572,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of the company. Harbour Investments Inc. raised its position in shares of Life Time Group by 8.8% in the fourth quarter. Harbour Investments Inc. now owns 6,387 shares of the company’s stock worth $170,000 after acquiring an additional 516 shares during the period. Strs Ohio raised its position in shares of Life Time Group by 10.0% in the fourth quarter. Strs Ohio now owns 6,600 shares of the company’s stock worth $175,000 after acquiring an additional 600 shares during the period. SBI Securities Co. Ltd. raised its position in shares of Life Time Group by 19.6% in the third quarter. SBI Securities Co. Ltd. now owns 4,222 shares of the company’s stock worth $117,000 after acquiring an additional 693 shares during the period. GAMMA Investing LLC raised its position in shares of Life Time Group by 144.5% in the fourth quarter. GAMMA Investing LLC now owns 1,220 shares of the company’s stock worth $32,000 after acquiring an additional 721 shares during the period. Finally, Mackenzie Financial Corp raised its position in shares of Life Time Group by 10.3% in the third quarter. Mackenzie Financial Corp now owns 8,516 shares of the company’s stock worth $235,000 after acquiring an additional 798 shares during the period. Institutional investors and hedge funds own 79.40% of the company’s stock.
Insiders Place Their Bets
In other news, Director John G. Danhakl sold 2,208,580 shares of the firm’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $28.60, for a total value of $63,165,388.00. Following the sale, the director directly owned 11,027,703 shares in the company, valued at approximately $315,392,305.80. This trade represents a 16.69% 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, major shareholder Partners Group Private Equity sold 329,921 shares of the firm’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $28.60, for a total transaction of $9,435,740.60. Following the completion of the sale, the insider owned 1,651,322 shares in the company, valued at $47,227,809.20. The trade was a 16.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 27,846,581 shares of company stock worth $853,539,242. 13.30% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
View Our Latest Stock Analysis on Life Time Group
Life Time Group Price Performance
Life Time Group stock opened at $32.34 on Friday. The firm has a market cap of $7.20 billion, a PE ratio of 18.91, a price-to-earnings-growth ratio of 1.35 and a beta of 1.55. Life Time Group Holdings, Inc. has a 52-week low of $24.14 and a 52-week high of $35.33. The company has a quick ratio of 0.42, a current ratio of 0.53 and a debt-to-equity ratio of 0.46. The company’s 50 day moving average is $29.86 and its two-hundred day moving average is $28.16.
Life Time Group (NYSE:LTH – Get Free Report) last released its earnings results on Tuesday, May 5th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.03. Life Time Group had a net margin of 12.56% and a return on equity of 10.10%. The company had revenue of $788.70 million for the quarter, compared to analyst estimates of $787.65 million. During the same period in the prior year, the business earned $0.39 EPS. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. On average, research analysts expect that Life Time Group Holdings, Inc. will post 1.47 EPS for the current fiscal year.
Life Time Group Profile
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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