Life Time Group Holdings, Inc. $LTH Shares Purchased by American Century Companies Inc.

American Century Companies Inc. boosted its holdings in Life Time Group Holdings, Inc. (NYSE:LTH) by 1.1% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,466,681 shares of the company’s stock after acquiring an additional 26,671 shares during the period. American Century Companies Inc.’s holdings in Life Time Group were worth $68,080,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of LTH. Royal Bank of Canada raised its position in shares of Life Time Group by 140.4% during the 1st quarter. Royal Bank of Canada now owns 54,380 shares of the company’s stock worth $1,642,000 after purchasing an additional 31,762 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Life Time Group by 25.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 70,855 shares of the company’s stock worth $2,140,000 after buying an additional 14,267 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Life Time Group by 143.7% in the first quarter. Goldman Sachs Group Inc. now owns 2,422,304 shares of the company’s stock worth $73,154,000 after buying an additional 1,428,446 shares during the period. Caxton Associates LLP bought a new stake in Life Time Group in the first quarter valued at $221,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Life Time Group by 47.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 199,287 shares of the company’s stock valued at $6,018,000 after acquiring an additional 64,348 shares during the period. 79.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Life Time Group Stock Up 0.4%

Shares of LTH stock opened at $26.26 on Thursday. Life Time Group Holdings, Inc. has a 1 year low of $24.14 and a 1 year high of $34.99. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.52 and a current ratio of 0.63. The business’s fifty day moving average is $28.11 and its 200-day moving average is $27.24. The stock has a market cap of $5.82 billion, a PE ratio of 15.82, a price-to-earnings-growth ratio of 1.17 and a beta of 1.69.

Life Time Group (NYSE:LTH) last announced its earnings results on Tuesday, February 24th. The company reported $0.34 earnings per share 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 analysts’ expectations of $740.09 million. Life Time Group had a return on equity of 10.20% and a net margin of 12.51%.The company’s quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter last year, the business posted $0.27 earnings per share. Equities analysts expect that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current fiscal year.

Insider Transactions at Life Time Group

In related news, EVP Ritadhwaja Jebens Singh sold 5,880 shares of the stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $30.31, for a total transaction of $178,222.80. Following the completion of the sale, the executive vice president directly owned 102,144 shares of the company’s stock, valued at $3,095,984.64. This represents a 5.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Erik Weaver sold 1,329 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $25.73, for a total transaction of $34,195.17. Following the sale, the chief financial officer owned 136,166 shares of the company’s stock, valued at $3,503,551.18. The trade was a 0.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 20,790 shares of company stock valued at $616,677 over the last three months. 8.70% of the stock is owned by corporate 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.