LM Advisors LLC Lowers Stake in Life Time Group Holdings, Inc. $LTH

LM Advisors LLC lowered its position in shares of Life Time Group Holdings, Inc. (NYSE:LTH) by 95.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,063 shares of the company’s stock after selling 24,937 shares during the quarter. LM Advisors LLC’s holdings in Life Time Group were worth $28,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Entropy Technologies LP lifted its holdings in Life Time Group by 182.0% during the fourth quarter. Entropy Technologies LP now owns 67,103 shares of the company’s stock valued at $1,784,000 after purchasing an additional 43,306 shares in the last quarter. Barclays PLC lifted its holdings in Life Time Group by 19.7% during the fourth quarter. Barclays PLC now owns 264,726 shares of the company’s stock valued at $7,036,000 after purchasing an additional 43,548 shares in the last quarter. Kestra Advisory Services LLC lifted its holdings in Life Time Group by 4.0% during the fourth quarter. Kestra Advisory Services LLC now owns 10,950 shares of the company’s stock valued at $291,000 after purchasing an additional 420 shares in the last quarter. Marshall Wace LLP purchased a new position in Life Time Group during the fourth quarter valued at approximately $2,593,000. Finally, The Manufacturers Life Insurance Company lifted its holdings in Life Time Group by 1,486.6% during the fourth quarter. The Manufacturers Life Insurance Company now owns 1,258,290 shares of the company’s stock valued at $33,445,000 after purchasing an additional 1,178,981 shares in the last quarter. Hedge funds and other institutional investors own 79.40% of the company’s stock.

Insider Buying and Selling

In related news, Director Jimena Almendares sold 40,589 shares of the business’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $33.59, for a total value of $1,363,384.51. Following the sale, the director owned 36,983 shares in the company, valued at approximately $1,242,258.97. The trade was a 52.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John Kristofer Galashan 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 completion of the sale, the director owned 11,027,703 shares in the company, valued at $315,392,305.80. This represents a 16.69% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 27,876,110 shares of company stock valued at $854,609,979 in the last three months. Corporate insiders own 13.30% of the company’s stock.

Wall Street Analyst Weigh In

LTH has been the topic of several recent analyst reports. Mizuho lifted their price objective on shares of Life Time Group from $41.00 to $44.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. KeyCorp initiated coverage on shares of Life Time Group in a research report on Thursday, March 12th. They set an “overweight” rating and a $40.00 price objective on the stock. Morgan Stanley lifted their price objective on shares of Life Time Group from $38.00 to $39.00 and gave the company an “overweight” rating in a research report on Thursday, May 14th. Wells Fargo & Company lifted their price objective on shares of Life Time Group from $37.00 to $38.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Finally, UBS Group reiterated a “buy” rating and set a $43.00 price objective on shares of Life Time Group in a research report on Thursday, March 12th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $40.30.

Life Time Group Trading Down 0.2%

Life Time Group stock opened at $34.23 on Monday. The stock has a market cap of $7.62 billion, a P/E ratio of 20.02, a PEG ratio of 1.42 and a beta of 1.55. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.53 and a quick ratio of 0.42. Life Time Group Holdings, Inc. has a 1 year low of $24.14 and a 1 year high of $35.33. The firm’s 50 day moving average price is $30.59 and its 200-day moving average price is $28.48.

Life Time Group (NYSE:LTH) last released its quarterly earnings data 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. Life Time Group had a net margin of 12.56% and a return on equity of 10.10%. The firm had revenue of $788.70 million for the quarter, compared to analysts’ expectations of $787.65 million. During the same quarter last year, the business posted $0.39 earnings per share. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. On average, equities analysts predict that Life Time Group Holdings, Inc. will post 1.48 earnings per share for the current fiscal year.

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.