American Century Companies Inc. Raises Stake in Life Time Group Holdings, Inc. $LTH

American Century Companies Inc. boosted its holdings in Life Time Group Holdings, Inc. (NYSE:LTH) by 1.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 2,466,681 shares of the company’s stock after buying an additional 26,671 shares during the period. American Century Companies Inc. owned approximately 1.12% of Life Time Group worth $68,080,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of LTH. Quantbot Technologies LP acquired a new stake in shares of Life Time Group in the third quarter worth $3,472,000. Fox Run Management L.L.C. purchased a new stake in Life Time Group during the 3rd quarter worth $464,000. Jag Capital Management LLC increased its holdings in Life Time Group by 30.4% in the 3rd quarter. Jag Capital Management LLC now owns 11,259 shares of the company’s stock valued at $311,000 after purchasing an additional 2,623 shares in the last quarter. TD Asset Management Inc raised its position in Life Time Group by 158.1% in the third quarter. TD Asset Management Inc now owns 76,436 shares of the company’s stock valued at $2,110,000 after purchasing an additional 46,822 shares during the period. Finally, Citigroup Inc. lifted its stake in shares of Life Time Group by 1.3% during the third quarter. Citigroup Inc. now owns 80,767 shares of the company’s stock worth $2,229,000 after purchasing an additional 1,029 shares in the last quarter. 79.40% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Life Time Group

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

Life Time Group Price Performance

LTH opened at $26.26 on Thursday. The company has a market capitalization of $5.82 billion, a P/E ratio of 15.82, a PEG ratio of 1.17 and a beta of 1.69. The company has a 50-day moving average of $28.11 and a 200-day moving average of $27.24. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.52 and a current ratio of 0.63. Life Time Group Holdings, Inc. has a 1-year low of $24.14 and a 1-year high of $34.99.

Life Time Group (NYSE:LTH) last posted its quarterly earnings results on Tuesday, February 24th. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.01. The business had revenue of $745.10 million during the quarter, compared to the consensus estimate of $740.09 million. Life Time Group had a return on equity of 10.20% and a net margin of 12.51%.The company’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period last year, the firm earned $0.27 earnings per share. Equities analysts expect that Life Time Group Holdings, Inc. will post 0.74 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on LTH shares. Guggenheim reiterated a “buy” rating and issued a $36.00 target price on shares of Life Time Group in a research note on Friday, January 23rd. Zacks Research raised shares of Life Time Group from a “strong sell” rating to a “hold” rating in a research report on Monday. Morgan Stanley lifted their price objective on shares of Life Time Group from $37.00 to $38.00 and gave the company an “overweight” rating in a research note on Monday, February 23rd. Weiss Ratings restated a “hold (c+)” rating on shares of Life Time Group in a research note on Thursday, January 22nd. Finally, Northland Securities set a $42.00 price target on shares of Life Time Group in a research note on Friday, January 23rd. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $39.50.

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.