Rockefeller Capital Management L.P. Has $393,000 Stock Position in Life Time Group Holdings, Inc. $LTH

Rockefeller Capital Management L.P. lifted its stake in shares of Life Time Group Holdings, Inc. (NYSE:LTH) by 2,885.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,779 shares of the company’s stock after purchasing an additional 14,284 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Life Time Group were worth $393,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in Life Time Group by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 13,643,761 shares of the company’s stock worth $362,651,000 after buying an additional 143,487 shares during the period. Ameriprise Financial Inc. grew its stake in Life Time Group by 41.3% in the second quarter. Ameriprise Financial Inc. now owns 7,157,957 shares of the company’s stock valued at $216,644,000 after acquiring an additional 2,091,712 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Life Time Group by 17.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 7,021,829 shares of the company’s stock valued at $186,646,000 after acquiring an additional 1,061,839 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Life Time Group by 0.6% during the fourth quarter. Wellington Management Group LLP now owns 5,863,510 shares of the company’s stock worth $155,852,000 after purchasing an additional 34,964 shares during the period. Finally, Bank of America Corp DE raised its position in shares of Life Time Group by 102.1% during the third quarter. Bank of America Corp DE now owns 4,268,011 shares of the company’s stock worth $117,797,000 after purchasing an additional 2,156,033 shares during the period. 79.40% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Life Time Group

In related news, Director John G. Danhakl sold 2,208,580 shares of the business’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $28.60, for a total transaction of $63,165,388.00. Following the sale, the director directly owned 11,027,703 shares in the company, valued at approximately $315,392,305.80. The trade was a 16.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Partners Group Private Equity sold 329,921 shares of the stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $28.60, for a total value of $9,435,740.60. Following the sale, the insider directly owned 1,651,322 shares in the company, valued at $47,227,809.20. This trade represents a 16.65% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 27,943,861 shares of company stock worth $857,228,555. Company insiders own 13.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on LTH. Jefferies Financial Group boosted their price target on shares of Life Time Group from $41.00 to $51.00 and gave the company a “buy” rating in a research note on Monday, June 29th. UBS Group reaffirmed a “buy” rating and issued a $43.00 price objective on shares of Life Time Group in a research note on Thursday, March 12th. Zacks Research cut shares of Life Time Group from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Mizuho boosted their target price on shares of Life Time Group from $41.00 to $44.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. Finally, Guggenheim upped their target price on shares of Life Time Group from $36.00 to $41.00 and gave the stock a “buy” rating in a report on Monday, June 15th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $44.00.

Life Time Group Price Performance

Shares of NYSE:LTH opened at $40.71 on Monday. The firm has a market capitalization of $9.06 billion, a PE ratio of 23.81, a P/E/G ratio of 1.68 and a beta of 1.51. The company has a quick ratio of 0.42, a current ratio of 0.53 and a debt-to-equity ratio of 0.46. The company has a 50-day moving average price of $33.74 and a two-hundred day moving average price of $29.72. Life Time Group Holdings, Inc. has a twelve month low of $24.14 and a twelve month high of $41.79.

Life Time Group (NYSE:LTH) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.03. The company had revenue of $788.70 million for the quarter, compared to analyst estimates of $787.65 million. Life Time Group had a net margin of 12.56% and a return on equity of 10.10%. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.39 earnings per share. Equities analysts forecast that Life Time Group Holdings, Inc. will post 1.48 EPS for the current year.

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.