Algert Global LLC Sells 315,250 Shares of Life Time Group Holdings, Inc. $LTH

Algert Global LLC decreased its position in shares of Life Time Group Holdings, Inc. (NYSE:LTH) by 50.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 304,017 shares of the company’s stock after selling 315,250 shares during the period. Algert Global LLC owned about 0.14% of Life Time Group worth $8,391,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Voya Investment Management LLC raised its position in Life Time Group by 2,398.6% in the 3rd quarter. Voya Investment Management LLC now owns 1,065,997 shares of the company’s stock valued at $29,422,000 after purchasing an additional 1,023,333 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Life Time Group by 2.9% during the third quarter. Vanguard Group Inc. now owns 13,500,274 shares of the company’s stock worth $372,608,000 after purchasing an additional 374,833 shares during the last quarter. ABN Amro Investment Solutions acquired a new stake in shares of Life Time Group in the third quarter valued at $2,535,000. Fisher Asset Management LLC acquired a new stake in shares of Life Time Group in the second quarter valued at $43,473,000. Finally, TD Asset Management Inc raised its holdings in shares of 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 buying an additional 46,822 shares during the last quarter. Institutional investors own 79.40% of the company’s stock.

Insider Activity at Life Time Group

In other Life Time Group news, CFO Erik Weaver sold 1,493 shares of the firm’s 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 transaction, the chief financial officer directly owned 77,771 shares of the company’s stock, valued at approximately $2,325,352.90. This trade represents a 1.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Ritadhwaja Jebens Singh sold 12,088 shares of the company’s stock in a transaction on Friday, January 23rd. The shares were sold at an average price of $29.75, for a total transaction of $359,618.00. Following the sale, the executive vice president owned 110,967 shares of the company’s stock, valued at $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. Insiders have sold 31,850 shares of company stock worth $909,324 over the last ninety days. Company insiders own 8.70% of the company’s stock.

Life Time Group Price Performance

Shares of LTH stock opened at $26.18 on Tuesday. The firm has a market cap of $5.81 billion, a price-to-earnings ratio of 15.77, a PEG ratio of 1.18 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 company has a quick ratio of 0.52, a current ratio of 0.63 and a debt-to-equity ratio of 0.48. The stock has a 50-day moving average price of $28.01 and a 200 day moving average price of $27.12.

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

Analysts Set New Price Targets

LTH has been the topic of several research reports. Northland Securities set a $42.00 price target on shares of Life Time Group in a research report on Friday, January 23rd. KeyCorp assumed coverage on shares of Life Time Group in a research note on Thursday, March 12th. They issued an “overweight” rating and a $40.00 target price for the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Life Time Group in a research report on Thursday, January 22nd. Wells Fargo & Company began coverage on shares of Life Time Group in a research note on Wednesday, March 11th. They set an “overweight” rating and a $37.00 price target on the stock. Finally, 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. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $40.13.

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.