Life Time Group Holdings, Inc. (NYSE:LTH) Shares Bought by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board increased its holdings in Life Time Group Holdings, Inc. (NYSE:LTH) by 8.4% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 99,500 shares of the company’s stock after buying an additional 7,700 shares during the period. Canada Pension Plan Investment Board’s holdings in Life Time Group were worth $1,874,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Vanguard Group Inc. lifted its holdings in Life Time Group by 1.2% in the first quarter. Vanguard Group Inc. now owns 6,479,496 shares of the company’s stock worth $100,562,000 after acquiring an additional 78,290 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Life Time Group by 19.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,658,902 shares of the company’s stock valued at $87,728,000 after purchasing an additional 770,766 shares during the period. Hood River Capital Management LLC grew its stake in Life Time Group by 3,657.9% during the 1st quarter. Hood River Capital Management LLC now owns 1,257,960 shares of the company’s stock worth $19,524,000 after buying an additional 1,224,485 shares during the last quarter. Wellington Management Group LLP acquired a new stake in Life Time Group in the fourth quarter worth $14,544,000. Finally, Charles Schwab Investment Management Inc. increased its position in Life Time Group by 1.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 423,874 shares of the company’s stock worth $6,392,000 after buying an additional 5,995 shares during the period. Institutional investors own 79.40% of the company’s stock.

Analysts Set New Price Targets

LTH has been the subject of several recent research reports. The Goldman Sachs Group upped their price target on shares of Life Time Group from $15.00 to $22.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Craig Hallum initiated coverage on shares of Life Time Group in a research report on Friday, July 19th. They issued a “buy” rating and a $30.00 target price for the company. Wells Fargo & Company lifted their price target on Life Time Group from $15.00 to $20.00 and gave the company an “equal weight” rating in a report on Wednesday, July 31st. Royal Bank of Canada increased their price objective on Life Time Group from $20.00 to $27.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. Finally, Bank of America raised their target price on Life Time Group from $29.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, September 6th. 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 price target of $25.56.

Life Time Group Stock Performance

LTH opened at $24.42 on Friday. The business has a 50 day moving average price of $23.17 and a two-hundred day moving average price of $18.59. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.44 and a quick ratio of 0.32. The company has a market capitalization of $4.87 billion, a price-to-earnings ratio of 67.83, a price-to-earnings-growth ratio of 3.18 and a beta of 1.87. Life Time Group Holdings, Inc. has a 1-year low of $11.10 and a 1-year high of $25.75.

Life Time Group (NYSE:LTH) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.10. The business had revenue of $667.80 million during the quarter, compared to analyst estimates of $634.92 million. Life Time Group had a return on equity of 5.36% and a net margin of 4.54%. The company’s revenue was up 18.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.08 earnings per share. Research analysts predict that Life Time Group Holdings, Inc. will post 0.56 EPS for the current fiscal year.

Insider Buying and Selling

In other Life Time Group news, Director John G. Danhakl sold 3,575,000 shares of Life Time Group stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $20.88, for a total value of $74,646,000.00. Following the transaction, the director now owns 55,166,700 shares in the company, valued at $1,151,880,696. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, major shareholder Partners Group Private Equity sold 650,000 shares of the stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $20.88, for a total value of $13,572,000.00. Following the completion of the transaction, the insider now owns 5,929,348 shares in the company, valued at approximately $123,804,786.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John G. Danhakl sold 3,575,000 shares of the business’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $20.88, for a total value of $74,646,000.00. Following the sale, the director now owns 55,166,700 shares in the company, valued at approximately $1,151,880,696. The disclosure for this sale can be found here. Insiders own 12.50% of the company’s stock.

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.