Seven Grand Managers LLC Takes Position in Life Time Group Holdings, Inc. (NYSE:LTH)

Seven Grand Managers LLC acquired a new position in shares of Life Time Group Holdings, Inc. (NYSE:LTH) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 200,000 shares of the company’s stock, valued at approximately $4,884,000.

A number of other hedge funds have also modified their holdings of the stock. Handelsbanken Fonder AB acquired a new position in shares of Life Time Group in the third quarter worth about $422,000. SG Americas Securities LLC lifted its position in shares of Life Time Group by 255.7% in the 3rd quarter. SG Americas Securities LLC now owns 26,725 shares of the company’s stock valued at $653,000 after acquiring an additional 19,211 shares in the last quarter. Point72 Asset Management L.P. boosted its stake in Life Time Group by 24.8% in the 2nd quarter. Point72 Asset Management L.P. now owns 377,624 shares of the company’s stock worth $7,111,000 after purchasing an additional 75,054 shares during the period. Algert Global LLC grew its position in Life Time Group by 52.8% during the 2nd quarter. Algert Global LLC now owns 188,956 shares of the company’s stock worth $3,558,000 after purchasing an additional 65,334 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in Life Time Group during the 2nd quarter valued at $408,000. 79.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on LTH. Bank of America lifted their price target on Life Time Group from $29.00 to $30.00 and gave the company a “buy” rating in a report on Friday, September 6th. Craig Hallum assumed coverage on Life Time Group in a research note on Friday, July 19th. They set a “buy” rating and a $30.00 target price on the stock. Northland Securities upped their target price on Life Time Group from $27.00 to $28.50 and gave the company an “outperform” rating in a report on Friday, August 2nd. Royal Bank of Canada raised their price target on shares of Life Time Group from $20.00 to $27.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. Finally, Morgan Stanley upped their price objective on shares of Life Time Group from $21.00 to $29.00 and gave the company an “equal weight” rating in a research note on Wednesday. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.56.

Insider Buying and Selling

In other Life Time Group news, major shareholder Partners Group Private Equity sold 650,000 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $20.88, for a total transaction of $13,572,000.00. Following the transaction, the insider now directly owns 5,929,348 shares in the company, valued at $123,804,786.24. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director John G. Danhakl sold 3,575,000 shares of the company’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $20.88, for a total transaction of $74,646,000.00. Following the completion of the sale, the director now directly owns 55,166,700 shares of the company’s stock, valued at approximately $1,151,880,696. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Partners Group Private Equity sold 650,000 shares of Life Time Group stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $20.88, for a total transaction of $13,572,000.00. Following the completion of the transaction, the insider now owns 5,929,348 shares in the company, valued at $123,804,786.24. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 12.50% of the stock is currently owned by corporate insiders.

Life Time Group Trading Down 1.7 %

Shares of NYSE LTH opened at $25.60 on Thursday. The business has a 50 day simple moving average of $24.20 and a 200 day simple moving average of $19.66. Life Time Group Holdings, Inc. has a 52 week low of $11.10 and a 52 week high of $27.11. The stock has a market cap of $5.09 billion, a price-to-earnings ratio of 71.11, a PEG ratio of 3.20 and a beta of 1.87. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.32 and a current ratio of 0.44.

Life Time Group (NYSE:LTH) last posted its earnings results on Thursday, August 1st. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.16 by $0.10. Life Time Group had a net margin of 4.54% and a return on equity of 5.36%. The company had revenue of $667.80 million during the quarter, compared to the consensus estimate of $634.92 million. During the same period in the previous year, the firm posted $0.08 earnings per share. The company’s revenue for the quarter was up 18.9% compared to the same quarter last year. On average, research analysts predict that Life Time Group Holdings, Inc. will post 0.56 earnings per share for the current fiscal year.

Life Time Group Profile

Life Time Group Holdings, Inc provides health, fitness, and wellness experiences to a community of individual members in the United States and Canada. It primarily engages in designing, building, and operating of sports and athletic, professional fitness, family recreation, and spa centers in a resort-like environment, principally in suburban and urban locations of metropolitan areas.