Bosun Asset Management LLC Decreases Stock Holdings in Life Time Group Holdings, Inc. $LTH

Bosun Asset Management LLC lessened its position in shares of Life Time Group Holdings, Inc. (NYSE:LTH) by 55.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,059 shares of the company’s stock after selling 22,567 shares during the quarter. Bosun Asset Management LLC’s holdings in Life Time Group were worth $548,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Lingotto Investment Management LLP acquired a new position in shares of Life Time Group during the second quarter worth $4,437,000. Walleye Capital LLC grew its stake in Life Time Group by 8.3% during the 2nd quarter. Walleye Capital LLC now owns 14,340 shares of the company’s stock worth $435,000 after buying an additional 1,105 shares during the last quarter. First Trust Advisors LP grew its stake in Life Time Group by 4.4% during the 2nd quarter. First Trust Advisors LP now owns 406,949 shares of the company’s stock worth $12,343,000 after buying an additional 17,141 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in Life Time Group by 201.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,499 shares of the company’s stock valued at $45,000 after buying an additional 1,002 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in Life Time Group by 10.6% in the second quarter. Arrowstreet Capital Limited Partnership now owns 2,616,048 shares of the company’s stock valued at $79,345,000 after buying an additional 250,194 shares during the last quarter. Hedge funds and other institutional investors own 79.40% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Life Time Group

In related news, Director John Kristofer Galashan sold 4,991,976 shares of the firm’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 transaction, the director directly 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director John G. Danhakl sold 4,991,976 shares of Life Time Group stock in a transaction dated Thursday, September 11th. The stock was 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 in the company, valued at approximately $721,030,465.95. The trade was 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 quarter, insiders sold 10,971,714 shares of company stock valued at $317,397,348. Insiders own 8.70% of the company’s stock.

Life Time Group Stock Performance

Shares of LTH stock opened at $26.71 on Friday. The company has a current ratio of 0.67, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. Life Time Group Holdings, Inc. has a 12-month low of $21.49 and a 12-month high of $34.99. The business’s 50 day moving average is $26.06 and its two-hundred day moving average is $27.70. The company has a market capitalization of $5.89 billion, a P/E ratio of 20.71, a P/E/G ratio of 0.85 and a beta of 1.67.

Life Time Group (NYSE:LTH) last announced its earnings results on Tuesday, November 4th. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.07. Life Time Group had a return on equity of 9.75% and a net margin of 9.91%.The business had revenue of $782.65 million during the quarter, compared to the consensus estimate of $770.93 million. 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.