Hood River Capital Management LLC Increases Stock Holdings in Life Time Group Holdings, Inc. (NYSE:LTH)

Hood River Capital Management LLC lifted its stake in shares of Life Time Group Holdings, Inc. (NYSE:LTH) by 44.0% in the 2nd quarter, Holdings Channel.com reports. The firm owned 1,811,841 shares of the company’s stock after buying an additional 553,881 shares during the quarter. Hood River Capital Management LLC’s holdings in Life Time Group were worth $34,117,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Life Time Group by 1.2% in the 1st 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 period. Dimensional Fund Advisors LP boosted its holdings in Life Time Group by 19.8% in 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 in the last quarter. Wellington Management Group LLP acquired a new position in Life Time Group during the 4th quarter worth approximately $14,544,000. Charles Schwab Investment Management Inc. increased its position in Life Time Group by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 423,874 shares of the company’s stock worth $6,392,000 after purchasing an additional 5,995 shares during the period. Finally, Braun Stacey Associates Inc. acquired a new stake in shares of Life Time Group in the 2nd quarter valued at approximately $7,486,000. 79.40% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on LTH. Northland Securities upped their price objective on Life Time Group from $27.00 to $28.50 and gave the stock an “outperform” rating in a report on Friday, August 2nd. Royal Bank of Canada increased their price target on shares of Life Time Group from $20.00 to $27.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. Craig Hallum began coverage on shares of Life Time Group in a report on Friday, July 19th. They set a “buy” rating and a $30.00 price objective on the stock. Wells Fargo & Company increased their target price on shares of Life Time Group from $15.00 to $20.00 and gave the company an “equal weight” rating in a report on Wednesday, July 31st. Finally, The Goldman Sachs Group boosted 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. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $25.56.

Life Time Group Trading Down 0.3 %

Life Time Group stock opened at $24.97 on Monday. The stock has a 50-day moving average price of $22.89 and a 200 day moving average price of $18.40. Life Time Group Holdings, Inc. has a 52 week low of $11.10 and a 52 week high of $25.74. The stock has a market cap of $4.96 billion, a PE ratio of 69.36, a P/E/G ratio of 3.03 and a beta of 1.87. The company has a current ratio of 0.44, a quick ratio of 0.32 and a debt-to-equity ratio of 0.77.

Life Time Group (NYSE:LTH) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.26 EPS 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 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 firm posted $0.08 EPS. The business’s revenue for the quarter was up 18.9% on a year-over-year basis. Equities research analysts predict that Life Time Group Holdings, Inc. will post 0.56 earnings per share for the current fiscal year.

Insider Transactions at Life Time Group

In other news, major shareholder Partners Group Private Equity sold 650,000 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 transaction of $13,572,000.00. Following the completion of the sale, the insider now owns 5,929,348 shares in the company, valued at approximately $123,804,786.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, major shareholder Partners Group Private Equity sold 650,000 shares of Life Time Group stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $20.88, for a total transaction of $13,572,000.00. Following 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John G. Danhakl sold 3,575,000 shares of the stock in a transaction 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 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. Company 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.