1,433,345 Shares in Life Time Group Holdings, Inc. $LTH Bought by Fisher Asset Management LLC

Fisher Asset Management LLC bought a new stake in Life Time Group Holdings, Inc. (NYSE:LTH) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,433,345 shares of the company’s stock, valued at approximately $43,473,000. Fisher Asset Management LLC owned about 0.65% of Life Time Group at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Harbour Investments Inc. bought a new position in Life Time Group in the 1st quarter valued at approximately $36,000. Nisa Investment Advisors LLC increased its position in Life Time Group by 98.9% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,506 shares of the company’s stock valued at $46,000 after acquiring an additional 749 shares during the period. IFP Advisors Inc raised its stake in shares of Life Time Group by 10,150.0% during 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 last quarter. Steward Partners Investment Advisory LLC lifted its holdings in shares of Life Time Group by 2,741.7% during the second quarter. Steward Partners Investment Advisory LLC now owns 1,705 shares of the company’s stock worth $52,000 after purchasing an additional 1,645 shares during the period. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in shares of 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 worth $53,000 after purchasing an additional 1,214 shares during the period. 79.40% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Life Time Group news, major shareholder Partners Group Private Equity sold 745,707 shares of the firm’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $28.95, for a total value of $21,588,217.65. Following the completion of the sale, the insider owned 3,720,500 shares of the company’s stock, valued at approximately $107,708,475. This trade represents a 16.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Eric J. Buss sold 162,722 shares of the business’s stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $28.04, for a total value of $4,562,724.88. Following the sale, the executive vice president owned 380,683 shares of the company’s stock, valued at approximately $10,674,351.32. This represents a 29.94% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 10,971,714 shares of company stock valued at $317,397,348. 8.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

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

Life Time Group Trading Down 1.2%

NYSE:LTH opened at $26.94 on Wednesday. Life Time Group Holdings, Inc. has a 12 month low of $21.49 and a 12 month high of $34.99. The company has a current ratio of 0.67, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $5.94 billion, a price-to-earnings ratio of 20.88, a PEG ratio of 0.87 and a beta of 1.67. The firm has a fifty day simple moving average of $26.13 and a two-hundred day simple moving average of $27.74.

Life Time Group (NYSE:LTH) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.07. The firm had revenue of $782.65 million for the quarter, compared to analyst estimates of $770.93 million. Life Time Group had a net margin of 9.91% and a return on equity of 9.75%. Analysts expect that Life Time Group Holdings, Inc. will post 0.74 EPS for the current fiscal year.

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.