Eagle Rock Investment Company LLC Invests $1.52 Million in Life Time Group Holdings, Inc. $LTH

Eagle Rock Investment Company LLC acquired a new position in shares of Life Time Group Holdings, Inc. (NYSE:LTH) in the 4th quarter, HoldingsChannel reports. The fund acquired 57,205 shares of the company’s stock, valued at approximately $1,521,000.

Other institutional investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. lifted its position in Life Time Group by 19.6% during the 3rd quarter. SBI Securities Co. Ltd. now owns 4,222 shares of the company’s stock worth $117,000 after acquiring an additional 693 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Life Time Group by 144.5% during the fourth quarter. GAMMA Investing LLC now owns 1,220 shares of the company’s stock valued at $32,000 after acquiring an additional 721 shares during the period. Mackenzie Financial Corp grew its position in shares of Life Time Group by 10.3% in the third quarter. Mackenzie Financial Corp now owns 8,516 shares of the company’s stock valued at $235,000 after purchasing an additional 798 shares during the last quarter. Caxton Associates LLP increased its stake in shares of Life Time Group by 12.9% in the second quarter. Caxton Associates LLP now owns 8,268 shares of the company’s stock worth $251,000 after purchasing an additional 946 shares during the period. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Life Time Group by 201.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,499 shares of the company’s stock worth $45,000 after purchasing an additional 1,002 shares during the period. Institutional investors own 79.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Zacks Research raised Life Time Group from a “strong sell” rating to a “hold” rating in a research report on Monday, March 2nd. Northland Securities set a $42.00 price target on Life Time Group in a research report on Friday, January 23rd. Jefferies Financial Group began coverage on Life Time Group in a report on Tuesday, March 10th. They set a “buy” rating and a $40.00 price target for the company. KeyCorp began coverage on Life Time Group in a research report on Thursday, March 12th. They issued an “overweight” rating and a $40.00 price objective for the company. Finally, UBS Group restated a “buy” rating and issued a $43.00 price objective on shares of Life Time Group in a research note on Thursday, March 12th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned 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 a consensus target price of $40.13.

Life Time Group Stock Down 2.3%

LTH stock opened at $25.97 on Friday. 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 0.52, a current ratio of 0.63 and a debt-to-equity ratio of 0.48. The company has a market cap of $5.76 billion, a PE ratio of 15.65, a price-to-earnings-growth ratio of 1.18 and a beta of 1.69. The business’s 50-day simple moving average is $27.77 and its 200 day simple moving average is $27.00.

Life Time Group (NYSE:LTH) last announced 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 return on equity of 10.20% and a net margin of 12.51%.The company had revenue of $745.10 million during the quarter, compared to the consensus estimate of $740.09 million. During the same quarter last year, the company earned $0.27 EPS. The company’s quarterly revenue was up 12.3% on a year-over-year basis. On average, research analysts anticipate that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current year.

Insider Buying and Selling

In other Life Time Group news, CFO Erik Weaver sold 1,493 shares of the business’s stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $29.90, for a total value of $44,640.70. Following the sale, the chief financial officer owned 77,771 shares of the company’s stock, valued at $2,325,352.90. The trade was a 1.88% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Ritadhwaja Jebens Singh sold 12,088 shares of the stock in a transaction on Friday, January 23rd. The shares were sold at an average price of $29.75, for a total transaction 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 approximately $3,301,268.25. This represents a 9.82% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 31,850 shares of company stock valued at $909,324 over the last ninety days. 13.30% of the stock is owned by company insiders.

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.