AustralianSuper Pty Ltd Buys Shares of 987,689 Life Time Group Holdings, Inc. $LTH

AustralianSuper Pty Ltd bought a new position in Life Time Group Holdings, Inc. (NYSE:LTH) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 987,689 shares of the company’s stock, valued at approximately $27,260,000. AustralianSuper Pty Ltd owned about 0.45% of Life Time Group at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC raised its position in Life Time Group by 201.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,499 shares of the company’s stock valued at $45,000 after acquiring an additional 1,002 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Life Time Group by 98.9% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,506 shares of the company’s stock valued at $46,000 after purchasing an additional 749 shares in the last quarter. IFP Advisors Inc lifted its stake in shares of Life Time Group by 10,150.0% in the 2nd quarter. IFP Advisors Inc now owns 1,640 shares of the company’s stock valued at $51,000 after purchasing an additional 1,624 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in Life Time Group by 2,741.7% in the second quarter. Steward Partners Investment Advisory LLC now owns 1,705 shares of the company’s stock worth $52,000 after purchasing an additional 1,645 shares in the last quarter. Finally, Asset Management One Co. Ltd. acquired a new position in Life Time Group during the third quarter worth $69,000. 79.40% of the stock is currently owned by institutional investors and hedge funds.

Life Time Group Trading Up 1.2%

Shares of Life Time Group stock opened at $29.32 on Friday. Life Time Group Holdings, Inc. has a 1 year low of $24.14 and a 1 year high of $34.99. The company’s fifty day simple moving average is $27.13 and its 200-day simple moving average is $27.26. The company has a market cap of $6.47 billion, a price-to-earnings ratio of 22.73, a PEG ratio of 0.86 and a beta of 1.68. The company has a current ratio of 0.67, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50.

Life Time Group (NYSE:LTH) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. Life Time Group had a net margin of 9.91% and a return on equity of 9.75%. The firm had revenue of $782.65 million during the quarter, compared to the consensus estimate of $770.93 million. As a group, sell-side analysts expect that Life Time Group Holdings, Inc. will post 0.74 EPS for the current year.

Insider Transactions at Life Time Group

In other news, EVP Eric J. Buss sold 74,487 shares of the business’s stock in a transaction that occurred on Friday, November 28th. The stock was sold at an average price of $28.05, for a total transaction of $2,089,360.35. Following the sale, the executive vice president directly owned 380,683 shares in the company, valued at approximately $10,678,158.15. The trade was a 16.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible 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 value of $359,618.00. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 249,297 shares of company stock worth $7,011,703. 8.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Zacks Research downgraded Life Time Group from a “hold” rating to a “strong sell” rating in a research note on Monday. Guggenheim reaffirmed a “buy” rating and set a $36.00 target price on shares of Life Time Group in a research report on Friday, January 23rd. Northland Securities set a $42.00 price target on Life Time Group in a report on Friday, January 23rd. UBS Group set a $48.00 price objective on shares of Life Time Group in a research note on Friday, October 17th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Life Time Group in a research note on Thursday, January 22nd. Nine analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $36.77.

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.