Eagle Rock Investment Company LLC Makes New Investment in Life Time Group Holdings, Inc. $LTH

Eagle Rock Investment Company LLC bought a new stake in shares of Life Time Group Holdings, Inc. (NYSE:LTH) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 57,205 shares of the company’s stock, valued at approximately $1,521,000.

Other large investors also recently made changes to their positions in the company. Wellington Management Group LLP lifted its position in shares of Life Time Group by 129.3% in the third quarter. Wellington Management Group LLP now owns 5,828,546 shares of the company’s stock worth $160,868,000 after purchasing an additional 3,286,229 shares in the last quarter. Bank of America Corp DE grew its position in Life Time Group by 102.1% during the third quarter. Bank of America Corp DE now owns 4,268,011 shares of the company’s stock valued at $117,797,000 after purchasing an additional 2,156,033 shares in the last quarter. Ameriprise Financial Inc. increased its stake in Life Time Group by 41.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 7,157,957 shares of the company’s stock valued at $216,644,000 after buying an additional 2,091,712 shares during the period. Balyasny Asset Management L.P. lifted its position in Life Time Group by 2,328.1% in the 2nd quarter. Balyasny Asset Management L.P. now owns 1,852,117 shares of the company’s stock worth $56,175,000 after buying an additional 1,775,837 shares in the last quarter. Finally, Norges Bank purchased a new stake in Life Time Group in the 2nd quarter worth approximately $50,999,000. Institutional investors and hedge funds own 79.40% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Ritadhwaja Jebens Singh sold 5,880 shares of the firm’s stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $30.31, for a total value of $178,222.80. Following the transaction, the executive vice president directly owned 102,144 shares of the company’s stock, valued at approximately $3,095,984.64. This trade represents a 5.44% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Parham Javaheri sold 11,060 shares of the business’s stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $26.46, for a total value of $292,647.60. Following the completion of the sale, the executive vice president owned 315,175 shares of the company’s stock, valued at approximately $8,339,530.50. This trade represents a 3.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 31,850 shares of company stock valued at $909,324 over the last quarter. Insiders own 13.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on LTH shares. Zacks Research raised shares of Life Time Group from a “strong sell” rating to a “hold” rating in a research note on Monday, March 2nd. Jefferies Financial Group initiated coverage on Life Time Group in a report on Tuesday, March 10th. They set a “buy” rating and a $40.00 price objective for the company. Northland Securities set a $42.00 price objective on Life Time Group in a research report on Friday, January 23rd. UBS Group restated a “buy” rating and issued a $43.00 target price on shares of Life Time Group in a research note on Thursday, March 12th. Finally, Guggenheim reaffirmed a “buy” rating and set a $36.00 price target on shares of Life Time Group in a research note on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Life Time Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.13.

Life Time Group Stock Performance

Shares of LTH opened at $25.97 on Friday. The firm has a market cap of $5.76 billion, a price-to-earnings ratio of 15.65, a price-to-earnings-growth ratio of 1.18 and a beta of 1.69. The company’s fifty day moving average is $27.77 and its 200-day moving average is $27.00. 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 Holdings, Inc. has a 12 month low of $24.14 and a 12 month high of $34.99.

Life Time Group (NYSE:LTH) last released its quarterly earnings data on Tuesday, February 24th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 12.51% and a return on equity of 10.20%. Life Time Group’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.27 EPS. Equities analysts expect that Life Time Group Holdings, Inc. will post 0.74 EPS for the current fiscal year.

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.