AustralianSuper Pty Ltd Makes New Investment in Life Time Group Holdings, Inc. $LTH

AustralianSuper Pty Ltd purchased a new stake in Life Time Group Holdings, Inc. (NYSE:LTH) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 987,689 shares of the company’s stock, valued at approximately $27,260,000. AustralianSuper Pty Ltd owned about 0.45% of Life Time Group as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. EverSource Wealth Advisors LLC grew its holdings 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 worth $45,000 after acquiring an additional 1,002 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Life Time Group by 98.9% during the second quarter. Nisa Investment Advisors LLC now owns 1,506 shares of the company’s stock worth $46,000 after purchasing an additional 749 shares during the period. Steward Partners Investment Advisory LLC grew its stake in shares of Life Time Group by 2,741.7% in 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 last quarter. Asset Management One Co. Ltd. acquired a new stake in Life Time Group in the third quarter valued at $69,000. Finally, SBI Securities Co. Ltd. raised its position in Life Time Group by 19.6% during the 3rd quarter. SBI Securities Co. Ltd. now owns 4,222 shares of the company’s stock worth $117,000 after purchasing an additional 693 shares during the last quarter. Institutional investors and hedge funds own 79.40% of the company’s stock.

Life Time Group Stock Down 1.1%

Life Time Group stock opened at $26.14 on Wednesday. The company has a market capitalization of $5.80 billion, a PE ratio of 15.75, a PEG ratio of 1.16 and a beta of 1.69. Life Time Group Holdings, Inc. has a 12-month low of $24.14 and a 12-month high of $34.99. The firm’s fifty day moving average is $28.11 and its 200 day moving average is $27.25. The company has a quick ratio of 0.52, a current ratio of 0.63 and a debt-to-equity ratio of 0.48.

Life Time Group (NYSE:LTH) last issued its earnings results on Tuesday, February 24th. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.01. The business had revenue of $745.10 million during the quarter, compared to analyst estimates of $740.09 million. Life Time Group had a return on equity of 10.20% and a net margin of 12.51%.The firm’s revenue was up 12.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.27 EPS. As a group, sell-side analysts predict that Life Time Group Holdings, Inc. will post 0.74 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Erik Weaver sold 1,493 shares of the stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $29.90, for a total value of $44,640.70. Following the completion of the sale, the chief financial officer directly owned 77,771 shares of the company’s stock, valued at $2,325,352.90. This represents a 1.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Ritadhwaja Jebens Singh sold 12,088 shares of Life Time Group stock in a transaction that occurred on Friday, January 23rd. The shares were sold at an average price of $29.75, for a total value of $359,618.00. Following the transaction, the executive vice president directly owned 110,967 shares in the company, valued at approximately $3,301,268.25. The trade was a 9.82% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 20,790 shares of company stock worth $616,677. 8.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Northland Securities set a $42.00 price target on Life Time Group in a research report on Friday, January 23rd. Zacks Research cut Life Time Group from a “hold” rating to a “strong sell” rating in a report on Monday, January 26th. Morgan Stanley raised their price target on shares of Life Time Group from $37.00 to $38.00 and gave the stock an “overweight” rating in a report on Monday, February 23rd. Guggenheim restated a “buy” rating and issued a $36.00 price target on shares of Life Time Group in a research report on Friday, January 23rd. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Life Time Group in a research report on Thursday, January 22nd. Five research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $39.71.

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.