Dimensional Fund Advisors LP Purchases 537,121 Shares of Life Time Group Holdings, Inc. $LTH

Dimensional Fund Advisors LP raised its holdings in Life Time Group Holdings, Inc. (NYSE:LTH) by 9.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,959,990 shares of the company’s stock after buying an additional 537,121 shares during the quarter. Dimensional Fund Advisors LP owned 2.70% of Life Time Group worth $164,504,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ameriprise Financial Inc. boosted its position in shares of Life Time Group by 41.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 7,157,957 shares of the company’s stock valued at $216,644,000 after acquiring an additional 2,091,712 shares in the last quarter. Balyasny Asset Management L.P. raised its position in Life Time Group by 2,328.1% in the second quarter. Balyasny Asset Management L.P. now owns 1,852,117 shares of the company’s stock worth $56,175,000 after purchasing an additional 1,775,837 shares in the last quarter. Norges Bank bought a new position in Life Time Group during the second quarter worth about $50,999,000. JPMorgan Chase & Co. lifted its stake in Life Time Group by 64.7% during the second quarter. JPMorgan Chase & Co. now owns 3,881,566 shares of the company’s stock worth $117,728,000 after purchasing an additional 1,525,398 shares during the period. Finally, Fisher Asset Management LLC acquired a new stake in Life Time Group during the second quarter valued at approximately $43,473,000. 79.40% of the stock is owned by institutional investors.

Life Time Group Trading Up 7.0%

Shares of LTH opened at $27.15 on Tuesday. The stock has a fifty day moving average price of $28.07 and a two-hundred day moving average price of $27.19. 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 52-week low of $24.14 and a 52-week high of $34.99. The company has a market cap of $6.02 billion, a price-to-earnings ratio of 16.35, a PEG ratio of 1.14 and a beta of 1.69.

Life Time Group (NYSE:LTH) last issued its quarterly earnings data on Tuesday, February 24th. The company reported $0.34 EPS for the quarter, topping 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 firm had revenue of $745.10 million for the quarter, compared to analyst estimates of $740.09 million. During the same quarter in the prior year, the firm earned $0.27 EPS. The company’s revenue was up 12.3% on a year-over-year basis. Analysts predict that Life Time Group Holdings, Inc. will post 0.74 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Insider Activity

In related news, EVP Ritadhwaja Jebens Singh sold 12,088 shares of Life Time Group stock in a transaction dated Friday, January 23rd. The stock was sold at an average price of $29.75, for a total value of $359,618.00. Following the completion of the sale, the executive vice president directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Erik Weaver sold 1,493 shares of Life Time Group 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 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 SEC filing for this sale provides additional information. In the last quarter, insiders sold 20,790 shares of company stock worth $616,677. 8.70% of the stock is owned by company insiders.

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.