Life Time Group Holdings, Inc. $LTH Stake Boosted by Braun Stacey Associates Inc.

Braun Stacey Associates Inc. raised its position in shares of Life Time Group Holdings, Inc. (NYSE:LTH) by 2.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 808,720 shares of the company’s stock after buying an additional 22,975 shares during the quarter. Braun Stacey Associates Inc. owned 0.37% of Life Time Group worth $21,496,000 at the end of the most recent quarter.

Several other institutional investors have also 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 3rd quarter. Wellington Management Group LLP now owns 5,828,546 shares of the company’s stock valued at $160,868,000 after acquiring 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 3rd quarter. Bank of America Corp DE now owns 4,268,011 shares of the company’s stock worth $117,797,000 after purchasing an additional 2,156,033 shares in the last quarter. Ameriprise Financial Inc. grew its position in Life Time Group by 41.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 7,157,957 shares of the company’s stock worth $216,644,000 after purchasing an additional 2,091,712 shares in the last quarter. Balyasny Asset Management L.P. raised its stake in Life Time Group by 2,328.1% during the 2nd quarter. Balyasny Asset Management L.P. now owns 1,852,117 shares of the company’s stock valued at $56,175,000 after purchasing an additional 1,775,837 shares during the period. Finally, Norges Bank purchased a new stake in shares of Life Time Group in the second quarter valued at $50,999,000. 79.40% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Life Time Group

In other news, CFO Erik Weaver sold 1,329 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $25.73, for a total value of $34,195.17. Following the sale, the chief financial officer directly owned 136,166 shares of the company’s stock, valued at approximately $3,503,551.18. This trade represents a 0.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Parham Javaheri sold 11,060 shares of Life Time Group stock in a transaction dated 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 transaction, the executive vice president owned 315,175 shares in the company, valued at $8,339,530.50. The trade was a 3.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 31,850 shares of company stock worth $909,324 over the last ninety days. Company insiders own 13.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on LTH. UBS Group reiterated a “buy” rating and set a $43.00 price target on shares of Life Time Group in a report on Thursday, March 12th. Jefferies Financial Group assumed coverage on Life Time Group in a report on Tuesday, March 10th. They issued a “buy” rating and a $40.00 target price on the stock. Wells Fargo & Company assumed coverage on shares of Life Time Group in a report on Wednesday, March 11th. They set an “overweight” rating and a $37.00 price target for the company. KeyCorp initiated coverage on shares of Life Time Group in a research note on Thursday, March 12th. They issued an “overweight” rating and a $40.00 price objective on the stock. Finally, Zacks Research upgraded shares of Life Time Group from a “strong sell” rating to a “hold” rating in a research report on Monday, March 2nd. One research 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 company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $40.13.

Life Time Group Trading Down 0.0%

Shares of LTH stock opened at $26.99 on Friday. 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 market cap of $5.99 billion, a PE ratio of 16.26, a price-to-earnings-growth ratio of 1.19 and a beta of 1.64. 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 business’s 50 day moving average is $27.62 and its two-hundred day moving average is $26.92.

Life Time Group (NYSE:LTH) last posted its quarterly earnings data on Tuesday, February 24th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $745.10 million during the quarter, compared to the consensus estimate of $740.09 million. Life Time Group’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.27 EPS. Equities analysts predict that Life Time Group Holdings, Inc. will post 0.74 EPS for the current 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.