Life Time Group Holdings, Inc. $LTH Stock Holdings Raised by Federated Hermes Inc.

Federated Hermes Inc. grew its stake in Life Time Group Holdings, Inc. (NYSE:LTH) by 37.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 446,044 shares of the company’s stock after purchasing an additional 121,664 shares during the quarter. Federated Hermes Inc. owned approximately 0.20% of Life Time Group worth $13,529,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Jump Financial LLC raised its stake in Life Time Group by 565.1% during the second quarter. Jump Financial LLC now owns 130,578 shares of the company’s stock valued at $3,960,000 after buying an additional 110,944 shares in the last quarter. Lingotto Investment Management LLP bought a new stake in shares of Life Time Group in the 2nd quarter valued at approximately $4,437,000. Walleye Capital LLC raised its position in shares of Life Time Group by 8.3% during the 2nd quarter. Walleye Capital LLC now owns 14,340 shares of the company’s stock valued at $435,000 after acquiring an additional 1,105 shares in the last quarter. First Trust Advisors LP lifted its stake in Life Time Group by 4.4% during the second quarter. First Trust Advisors LP now owns 406,949 shares of the company’s stock worth $12,343,000 after purchasing an additional 17,141 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in Life Time Group by 201.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,499 shares of the company’s stock worth $45,000 after purchasing an additional 1,002 shares during the last quarter. 79.40% of the stock is currently owned by institutional investors and hedge funds.

Life Time Group Trading Up 0.6%

Life Time Group stock opened at $25.66 on Thursday. Life Time Group Holdings, Inc. has a 52-week low of $21.49 and a 52-week high of $34.99. 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 firm has a market capitalization of $5.66 billion, a price-to-earnings ratio of 19.89, a PEG ratio of 0.81 and a beta of 1.67. The firm has a 50-day moving average price of $25.93 and a two-hundred day moving average price of $27.63.

Life Time Group (NYSE:LTH) last released its quarterly earnings results on Tuesday, November 4th. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $782.65 million for the quarter, compared to analysts’ expectations of $770.93 million. Sell-side analysts expect that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have weighed in on LTH. 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. UBS Group set a $48.00 price objective on shares of Life Time Group in a research report on Friday, October 17th. Zacks Research raised shares of Life Time Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 11th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Life Time Group in a research note on Wednesday, October 8th. One investment 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. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $37.00.

Insiders Place Their Bets

In other news, CFO Erik Weaver sold 4,846 shares of the stock in a transaction on Monday, October 13th. The stock was sold at an average price of $25.10, for a total value of $121,634.60. Following the completion of the transaction, the chief financial officer owned 81,765 shares of the company’s stock, valued at approximately $2,052,301.50. This represents a 5.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Eric J. Buss sold 162,722 shares of Life Time Group stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $28.04, for a total transaction of $4,562,724.88. Following the sale, the executive vice president owned 380,683 shares in the company, valued at approximately $10,674,351.32. This represents a 29.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 242,055 shares of company stock valued at $6,773,720 in the last quarter. 8.70% of the stock is currently owned by insiders.

Life Time Group 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.