American Century Companies Inc. Raises Stock Holdings in Life Time Group Holdings, Inc. (NYSE:LTH)

American Century Companies Inc. grew its holdings in shares of Life Time Group Holdings, Inc. (NYSE:LTH) by 402.6% in the 2nd quarter, Holdings Channel.com reports. The firm owned 104,431 shares of the company’s stock after purchasing an additional 83,654 shares during the quarter. American Century Companies Inc.’s holdings in Life Time Group were worth $1,966,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Dnca Finance purchased a new stake in shares of Life Time Group during the 2nd quarter valued at about $72,000. SG Americas Securities LLC purchased a new stake in shares of Life Time Group during the 2nd quarter valued at about $141,000. Entropy Technologies LP purchased a new stake in shares of Life Time Group during the 1st quarter valued at about $198,000. Price T Rowe Associates Inc. MD increased its position in shares of Life Time Group by 17.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,769 shares of the company’s stock valued at $199,000 after purchasing an additional 1,866 shares during the last quarter. Finally, Bayesian Capital Management LP increased its position in shares of Life Time Group by 69.4% during the 1st quarter. Bayesian Capital Management LP now owns 18,544 shares of the company’s stock valued at $288,000 after purchasing an additional 7,600 shares during the last quarter. Hedge funds and other institutional investors own 79.40% of the company’s stock.

Insiders Place Their Bets

In other news, Director John G. Danhakl sold 3,575,000 shares of the stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $20.88, for a total transaction of $74,646,000.00. Following the completion of the transaction, the director now directly owns 55,166,700 shares in the company, valued at approximately $1,151,880,696. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, major shareholder Partners Group Private Equity sold 650,000 shares of the firm’s stock in a transaction on Wednesday, August 14th. The shares were 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 directly owns 5,929,348 shares of the company’s stock, valued at $123,804,786.24. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director John G. Danhakl sold 3,575,000 shares of the firm’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 transaction, the director now directly owns 55,166,700 shares of the company’s stock, valued at $1,151,880,696. 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 0.9 %

LTH stock opened at $24.21 on Friday. Life Time Group Holdings, Inc. has a 1-year low of $11.10 and a 1-year high of $25.75. 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 $4.83 billion, a price-to-earnings ratio of 67.25, a PEG ratio of 3.18 and a beta of 1.87. The business has a 50 day simple moving average of $23.32 and a two-hundred day simple moving average of $18.70.

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

Wall Street Analysts Forecast Growth

LTH has been the subject of several research reports. Royal Bank of Canada upped their price target on shares of Life Time Group from $20.00 to $27.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. 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 price objective for the company. Wells Fargo & Company boosted their price objective on Life Time Group from $15.00 to $20.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 31st. The Goldman Sachs Group boosted their price objective on Life Time Group from $15.00 to $22.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Finally, Northland Securities boosted their price objective on Life Time Group from $27.00 to $28.50 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $26.64.

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.