Envestnet Asset Management Inc. Purchases 67,355 Shares of Life Time Group Holdings, Inc. $LTH

Envestnet Asset Management Inc. grew its holdings in shares of Life Time Group Holdings, Inc. (NYSE:LTH) by 12.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 591,281 shares of the company’s stock after acquiring an additional 67,355 shares during the quarter. Envestnet Asset Management Inc. owned about 0.27% of Life Time Group worth $16,319,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. 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. Nisa Investment Advisors LLC increased its stake in shares of Life Time Group by 98.9% in the second quarter. Nisa Investment Advisors LLC now owns 1,506 shares of the company’s stock worth $46,000 after buying an additional 749 shares during the period. IFP Advisors Inc increased its stake in shares of Life Time Group by 10,150.0% in the second quarter. IFP Advisors Inc now owns 1,640 shares of the company’s stock worth $51,000 after buying an additional 1,624 shares during the period. Steward Partners Investment Advisory LLC boosted its position in Life Time Group by 2,741.7% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,705 shares of the company’s stock valued at $52,000 after buying an additional 1,645 shares during the period. Finally, Asset Management One Co. Ltd. bought a new stake in shares of Life Time Group in the 3rd quarter worth approximately $69,000. 79.40% of the stock is currently owned by institutional investors.

Life Time Group Trading Down 0.7%

Life Time Group stock opened at $29.09 on Monday. Life Time Group Holdings, Inc. has a 52-week low of $24.14 and a 52-week high of $34.99. The company has a market cap 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. 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 business has a 50-day simple moving average of $27.67 and a two-hundred day simple moving average of $27.22.

Insider Buying and Selling at Life Time Group

In related news, EVP Ritadhwaja Jebens Singh sold 5,880 shares of the stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $30.31, for a total transaction of $178,222.80. Following the completion of the sale, the executive vice president owned 102,144 shares in the company, valued at approximately $3,095,984.64. This trade represents a 5.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Eric J. Buss sold 74,487 shares of Life Time Group stock in a transaction on Friday, November 28th. The shares were sold at an average price of $28.05, for a total transaction of $2,089,360.35. Following the completion of the sale, the executive vice president owned 380,683 shares in the company, valued at approximately $10,678,158.15. This represents a 16.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 256,670 shares of company stock valued at $7,234,567. Company insiders own 8.70% of the company’s stock.

Wall Street Analysts Forecast Growth

LTH has been the subject of several research analyst reports. Guggenheim reaffirmed a “buy” rating and issued a $36.00 target price on shares of Life Time Group in a research report on Friday, January 23rd. Zacks Research cut shares of Life Time Group from a “hold” rating to a “strong sell” rating in a report on Monday, January 26th. Northland Securities set a $42.00 price target on shares of Life Time Group in a research report on Friday, January 23rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Life Time Group in a report on Thursday, January 22nd. Finally, Morgan Stanley dropped their target price on Life Time Group from $39.00 to $37.00 and set an “overweight” rating on the stock in a report on Wednesday, November 12th. Nine equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $36.77.

Life Time Group Company 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.