Braun Stacey Associates Inc. Has $21.50 Million Stock Position in Life Time Group Holdings, Inc. $LTH

Braun Stacey Associates Inc. increased its stake in shares of Life Time Group Holdings, Inc. (NYSE:LTH) by 2.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 808,720 shares of the company’s stock after acquiring an additional 22,975 shares during the quarter. Braun Stacey Associates Inc.’s holdings in Life Time Group were worth $21,496,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC boosted its holdings in Life Time Group by 144.5% in the 4th quarter. GAMMA Investing LLC now owns 1,220 shares of the company’s stock valued at $32,000 after purchasing an additional 721 shares during the period. Wexford Capital LP bought a new position in shares of Life Time Group during the 3rd quarter worth about $40,000. EverSource Wealth Advisors LLC increased its holdings in shares of Life Time Group by 201.6% during the 2nd 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. Steward Partners Investment Advisory LLC raised its position in shares of Life Time Group by 2,741.7% during the second quarter. Steward Partners Investment Advisory LLC now owns 1,705 shares of the company’s stock valued at $52,000 after buying an additional 1,645 shares during the last quarter. Finally, Asset Management One Co. Ltd. bought a new stake in shares of Life Time Group in the third quarter valued at about $69,000. 79.40% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on LTH shares. Zacks Research raised Life Time Group from a “strong sell” rating to a “hold” rating in a research report on Monday, March 2nd. Morgan Stanley raised their price objective on Life Time Group from $37.00 to $38.00 and gave the stock an “overweight” rating in a research report on Monday, February 23rd. UBS Group reissued a “buy” rating and set a $43.00 price objective on shares of Life Time Group in a report on Thursday, March 12th. Wells Fargo & Company assumed coverage on Life Time Group in a research note on Wednesday, March 11th. They issued an “overweight” rating and a $37.00 target price for the company. Finally, Northland Securities set a $42.00 target price on Life Time Group in a research report on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.13.

Insiders Place Their Bets

In other Life Time Group news, EVP Parham Javaheri sold 11,060 shares of the firm’s stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $26.46, for a total value of $292,647.60. Following the completion of the sale, the executive vice president owned 315,175 shares in the company, valued at approximately $8,339,530.50. This trade represents a 3.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Ritadhwaja Jebens Singh sold 5,880 shares of the company’s stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $30.31, for a total transaction of $178,222.80. Following the transaction, the executive vice president owned 102,144 shares in the company, valued at $3,095,984.64. The trade was a 5.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 31,850 shares of company stock valued at $909,324 in the last 90 days. 13.30% of the stock is currently owned by insiders.

Life Time Group Trading Down 0.0%

LTH stock opened at $26.99 on Friday. The business has a fifty day moving average price of $27.62 and a 200 day moving average price of $26.92. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.63 and a quick ratio of 0.52. Life Time Group Holdings, Inc. has a fifty-two week low of $24.14 and a fifty-two week high of $34.99. The stock has a market capitalization of $5.99 billion, a price-to-earnings ratio of 16.26, a P/E/G ratio of 1.19 and a beta of 1.64.

Life Time Group (NYSE:LTH) last posted 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. The company had revenue of $745.10 million for the quarter, compared to analyst estimates of $740.09 million. Life Time Group had a return on equity of 10.20% and a net margin of 12.51%.The business’s revenue was up 12.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.27 earnings per share. Analysts expect that Life Time Group Holdings, Inc. will post 0.74 EPS for the current fiscal year.

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.