ABN Amro Investment Solutions Buys New Shares in Life Time Group Holdings, Inc. $LTH

ABN Amro Investment Solutions bought a new position in Life Time Group Holdings, Inc. (NYSE:LTH) during the third quarter, according to the company in its most recent filing with the SEC. The firm bought 91,846 shares of the company’s stock, valued at approximately $2,535,000.

Other hedge funds have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its holdings in shares of Life Time Group by 201.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,499 shares of the company’s stock worth $45,000 after buying an additional 1,002 shares during the period. Nisa Investment Advisors LLC grew its position in Life Time Group by 98.9% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,506 shares of the company’s stock worth $46,000 after acquiring an additional 749 shares during the last quarter. IFP Advisors Inc increased its stake in Life Time Group by 10,150.0% in the 2nd quarter. IFP Advisors Inc now owns 1,640 shares of the company’s stock worth $51,000 after purchasing an additional 1,624 shares during the period. Steward Partners Investment Advisory LLC increased its stake in Life Time Group by 2,741.7% in the 2nd 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, Asset Management One Co. Ltd. bought a new stake in Life Time Group in the third quarter valued at approximately $69,000. 79.40% of the stock is owned by institutional investors.

Insider Buying and Selling at Life Time Group

In other news, EVP Eric J. Buss sold 74,487 shares of the stock in a transaction that occurred on Friday, November 28th. The stock was sold at an average price of $28.05, for a total value of $2,089,360.35. Following the completion of the transaction, the executive vice president owned 380,683 shares of the company’s stock, valued at approximately $10,678,158.15. This represents a 16.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Erik Weaver sold 1,493 shares of Life Time Group stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $29.90, for a total value of $44,640.70. Following the sale, the chief financial officer owned 77,771 shares in the company, valued at $2,325,352.90. This represents a 1.88% 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 have sold 256,670 shares of company stock valued at $7,234,567. 8.70% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Guggenheim restated a “buy” rating and issued a $36.00 target price on shares of Life Time Group in a report on Friday, January 23rd. Weiss Ratings reissued a “hold (c+)” rating on shares of Life Time Group in a research report on Thursday, January 22nd. Northland Securities set a $42.00 price objective on shares of Life Time Group in a research report on Friday, January 23rd. Zacks Research downgraded shares of Life Time Group from a “hold” rating to a “strong sell” rating in a research note on Monday, January 26th. Finally, Morgan Stanley cut their target price 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. Nine analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $36.77.

Life Time Group Price Performance

Shares of NYSE LTH opened at $29.09 on Monday. Life Time Group Holdings, Inc. has a 1 year low of $24.14 and a 1 year high of $34.99. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.67 and a quick ratio of 0.55. The company’s 50-day moving average is $27.67 and its 200 day moving average is $27.22. The stock has a market capitalization of $6.41 billion, a P/E ratio of 22.55, a P/E/G ratio of 0.76 and a beta of 1.68.

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.