ABN Amro Investment Solutions Makes New $2.54 Million Investment in Life Time Group Holdings, Inc. $LTH

ABN Amro Investment Solutions bought a new stake in shares of Life Time Group Holdings, Inc. (NYSE:LTH) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 91,846 shares of the company’s stock, valued at approximately $2,535,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Ameriprise Financial Inc. increased 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 valued at $216,644,000 after buying an additional 2,091,712 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Life Time Group by 64.7% in the second quarter. JPMorgan Chase & Co. now owns 3,881,566 shares of the company’s stock worth $117,728,000 after acquiring an additional 1,525,398 shares during the last quarter. Hood River Capital Management LLC increased its holdings in shares of Life Time Group by 21.3% during the second quarter. Hood River Capital Management LLC now owns 3,311,182 shares of the company’s stock valued at $100,428,000 after acquiring an additional 581,324 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Life Time Group by 42.7% in the 2nd quarter. Geode Capital Management LLC now owns 2,980,851 shares of the company’s stock worth $90,420,000 after purchasing an additional 892,338 shares during the last quarter. Finally, State Street Corp boosted its stake in Life Time Group by 37.7% in the 2nd quarter. State Street Corp now owns 2,766,216 shares of the company’s stock worth $83,899,000 after purchasing an additional 757,592 shares in the last quarter. Hedge funds and other institutional investors own 79.40% of the company’s stock.

Life Time Group Stock Down 0.7%

Shares of Life Time Group stock opened at $29.09 on Monday. Life Time Group Holdings, Inc. has a twelve month low of $24.14 and a twelve month high of $34.99. The company has a quick ratio of 0.55, a current ratio of 0.67 and a debt-to-equity ratio of 0.50. The company’s 50 day moving average is $27.67 and its 200 day moving average is $27.22. The company has a market cap of $6.41 billion, a price-to-earnings ratio of 22.55, a price-to-earnings-growth ratio of 0.76 and a beta of 1.68.

Analyst Ratings Changes

A number of analysts have weighed in on LTH shares. Northland Securities set a $42.00 price objective on shares of Life Time Group in a research note on Friday, January 23rd. Guggenheim reissued a “buy” rating and set a $36.00 price target on shares of Life Time Group in a research report on Friday, January 23rd. Zacks Research lowered shares of Life Time Group from a “hold” rating to a “strong sell” rating in a report on Monday, January 26th. Morgan Stanley cut their target price on Life Time Group from $39.00 to $37.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 12th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Life Time Group in a report on Thursday, January 22nd. Nine research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $36.77.

Insider Activity

In related news, EVP Ritadhwaja Jebens Singh sold 12,088 shares of the company’s stock in a transaction on Friday, January 23rd. The stock was sold at an average price of $29.75, for a total transaction of $359,618.00. Following the completion of the sale, the executive vice president owned 110,967 shares in the company, valued at approximately $3,301,268.25. This represents a 9.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Erik Weaver sold 1,493 shares of the firm’s stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $29.90, for a total value of $44,640.70. Following the completion of the transaction, the chief financial officer directly owned 77,771 shares in the company, valued at $2,325,352.90. The trade was a 1.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 256,670 shares of company stock valued at $7,234,567 in the last ninety days. 8.70% of the stock is currently owned by company insiders.

About Life Time Group

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.