Victory Capital Management Inc. Has $20.74 Million Stock Holdings in Life Time Group Holdings, Inc. $LTH

Victory Capital Management Inc. raised its holdings in shares of Life Time Group Holdings, Inc. (NYSE:LTH) by 253.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 751,376 shares of the company’s stock after acquiring an additional 538,903 shares during the period. Victory Capital Management Inc. owned approximately 0.34% of Life Time Group worth $20,738,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. EverSource Wealth Advisors LLC grew its stake in shares of 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 period. Steward Partners Investment Advisory LLC boosted its holdings in Life Time Group by 2,741.7% during the second quarter. Steward Partners Investment Advisory LLC now owns 1,705 shares of the company’s stock worth $52,000 after buying an additional 1,645 shares during the last quarter. Asset Management One Co. Ltd. acquired a new position in shares of Life Time Group during the 3rd quarter worth about $69,000. SBI Securities Co. Ltd. grew its position in shares of 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 buying an additional 693 shares during the period. Finally, Caxton Associates LLP bought a new stake in shares of Life Time Group in the 1st quarter valued at about $221,000. 79.40% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Life Time Group

In other Life Time Group 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 transaction, the executive vice president owned 102,144 shares in the company, valued at approximately $3,095,984.64. This represents a 5.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Erik Weaver sold 1,329 shares of Life Time Group stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $25.73, for a total value of $34,195.17. Following the completion of the sale, the chief financial officer directly owned 136,166 shares in the company, valued at $3,503,551.18. This represents a 0.97% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 20,790 shares of company stock worth $616,677 over the last ninety days. 8.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on LTH. Morgan Stanley lifted their price objective on shares of Life Time Group from $37.00 to $38.00 and gave the stock an “overweight” rating in a research note on Monday, February 23rd. Zacks Research upgraded shares of Life Time Group from a “strong sell” rating to a “hold” rating in a report on Monday, March 2nd. Weiss Ratings reissued a “hold (c+)” rating on shares of Life Time Group in a research report on Thursday, January 22nd. Guggenheim reissued a “buy” rating and issued a $36.00 price target on shares of Life Time Group in a report on Friday, January 23rd. Finally, Northland Securities set a $42.00 price objective on shares of Life Time Group in a research report on Friday, January 23rd. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Life Time Group has a consensus rating of “Moderate Buy” and an average target price of $39.50.

Life Time Group Price Performance

Shares of LTH opened at $27.15 on Tuesday. The stock has a 50 day simple moving average of $28.07 and a 200 day simple moving average of $27.19. 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 debt-to-equity ratio of 0.48, a quick ratio of 0.52 and a current ratio of 0.63. The firm has a market capitalization of $6.02 billion, a PE ratio of 16.35, a P/E/G ratio of 1.14 and a beta of 1.69.

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

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.