Algert Global LLC Raises Holdings in Life Time Group Holdings, Inc. (NYSE:LTH)

Algert Global LLC grew its holdings in Life Time Group Holdings, Inc. (NYSE:LTH) by 52.8% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 188,956 shares of the company’s stock after acquiring an additional 65,334 shares during the quarter. Algert Global LLC owned about 0.10% of Life Time Group worth $3,558,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in LTH. Amalgamated Bank increased its holdings in shares of Life Time Group by 38.2% in the 2nd quarter. Amalgamated Bank now owns 2,036 shares of the company’s stock valued at $38,000 after acquiring an additional 563 shares during the last quarter. Dnca Finance purchased a new position in shares of Life Time Group in the 2nd quarter valued at about $72,000. SG Americas Securities LLC purchased a new position in shares of Life Time Group in the 2nd quarter valued at about $141,000. Hsbc Holdings PLC purchased a new position in shares of Life Time Group in the 2nd quarter valued at about $192,000. Finally, Entropy Technologies LP purchased a new position in shares of Life Time Group in the 1st quarter valued at about $198,000. Hedge funds and other institutional investors own 79.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on LTH. Northland Securities increased their price objective on Life Time Group from $27.00 to $28.50 and gave the company an “outperform” rating in a report on Friday, August 2nd. Craig Hallum started coverage on Life Time Group in a research note on Friday, July 19th. They set a “buy” rating and a $30.00 price target on the stock. Bank of America raised their price target on Life Time Group from $29.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. Royal Bank of Canada raised their price target on Life Time Group from $20.00 to $27.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. Finally, The Goldman Sachs Group raised their price target on Life Time Group from $15.00 to $22.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $26.64.

Insider Activity

In other news, major shareholder Partners Group Private Equity sold 650,000 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now directly owns 5,929,348 shares of the company’s stock, valued at approximately $123,804,786.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, major shareholder Partners Group Private Equity sold 650,000 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now directly owns 5,929,348 shares of the company’s stock, valued at approximately $123,804,786.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John G. Danhakl sold 3,575,000 shares of the firm’s 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 completion of the sale, 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. Insiders own 12.50% of the company’s stock.

Life Time Group Stock Up 0.9 %

Life Time Group stock opened at $24.42 on Tuesday. Life Time Group Holdings, Inc. has a twelve month low of $11.10 and a twelve month high of $25.75. The stock has a 50 day moving average of $23.38 and a two-hundred day moving average of $18.83. The company has a current ratio of 0.44, a quick ratio of 0.32 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $4.86 billion, a price-to-earnings ratio of 67.83, a PEG ratio of 3.18 and a beta of 1.87.

Life Time Group (NYSE:LTH) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $667.80 million during the quarter, compared to analysts’ expectations of $634.92 million. During the same period last year, the firm earned $0.08 EPS. The firm’s revenue for the quarter was up 18.9% on a year-over-year basis. As a group, research analysts expect that Life Time Group Holdings, Inc. will post 0.56 earnings per share for the current year.

Life Time Group Company 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.