Handelsbanken Fonder AB Acquires 2,900 Shares of Life Time Group Holdings, Inc. $LTH

Handelsbanken Fonder AB lifted its holdings in shares of Life Time Group Holdings, Inc. (NYSE:LTH) by 16.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,600 shares of the company’s stock after buying an additional 2,900 shares during the period. Handelsbanken Fonder AB’s holdings in Life Time Group were worth $625,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of LTH. Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in Life Time Group by 17.8% during the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 298,969 shares of the company’s stock worth $9,068,000 after acquiring an additional 45,272 shares in the last quarter. Intech Investment Management LLC increased its position in shares of Life Time Group by 137.2% during the 2nd quarter. Intech Investment Management LLC now owns 71,531 shares of the company’s stock worth $2,170,000 after purchasing an additional 41,373 shares during the last quarter. Cetera Investment Advisers raised its stake in shares of Life Time Group by 45.8% during the 2nd quarter. Cetera Investment Advisers now owns 39,492 shares of the company’s stock worth $1,198,000 after purchasing an additional 12,403 shares in the last quarter. SG Americas Securities LLC boosted its holdings in shares of Life Time Group by 67.5% in the 2nd quarter. SG Americas Securities LLC now owns 19,241 shares of the company’s stock valued at $584,000 after buying an additional 7,756 shares during the last quarter. Finally, Olympiad Research LP bought a new position in shares of Life Time Group in the second quarter valued at $268,000. Institutional investors and hedge funds own 79.40% of the company’s stock.

Insider Transactions at Life Time Group

In other news, Director John G. Danhakl sold 4,991,976 shares of the business’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $28.95, for a total value of $144,517,705.20. Following the completion of the sale, the director owned 24,906,061 shares of the company’s stock, valued at approximately $721,030,465.95. The trade was a 16.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Erik Weaver sold 4,846 shares of the firm’s stock in a transaction dated Monday, October 13th. The stock was sold at an average price of $25.10, for a total transaction of $121,634.60. Following the transaction, the chief financial officer directly owned 81,765 shares in the company, valued at approximately $2,052,301.50. This represents a 5.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 10,734,505 shares of company stock valued at $310,745,263. Corporate insiders own 8.70% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on LTH. UBS Group set a $48.00 price target on shares of Life Time Group in a research report on Friday, October 17th. Morgan Stanley dropped their target price on shares of Life Time Group from $39.00 to $37.00 and set an “overweight” rating on the stock in a report on Wednesday, November 12th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Life Time Group in a research note on Wednesday, October 8th. Zacks Research upgraded Life Time Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 11th. Finally, Wall Street Zen cut Life Time Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.00.

Life Time Group Stock Up 0.1%

Life Time Group stock opened at $27.92 on Friday. The company’s 50-day moving average price is $26.17 and its two-hundred day moving average price is $27.78. The company has a quick ratio of 0.55, a current ratio of 0.67 and a debt-to-equity ratio of 0.50. The stock has a market cap of $6.16 billion, a P/E ratio of 21.64, a P/E/G ratio of 0.89 and a beta of 1.68. Life Time Group Holdings, Inc. has a twelve month low of $21.49 and a twelve month high of $34.99.

Life Time Group (NYSE:LTH) last posted its earnings results on Tuesday, November 4th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.34 by $0.07. The company had revenue of $782.65 million for the quarter, compared to the consensus estimate of $770.93 million. Life Time Group had a return on equity of 9.75% and a net margin of 9.91%. Life Time Group has set its FY 2025 guidance at EPS. As a group, analysts expect that Life Time Group Holdings, Inc. will post 0.74 EPS for the current year.

About Life Time Group

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.