Life Time Group Holdings, Inc. (NYSE:LTH) Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC grew its holdings in shares of Life Time Group Holdings, Inc. (NYSE:LTH) by 255.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 26,725 shares of the company’s stock after purchasing an additional 19,211 shares during the quarter. SG Americas Securities LLC’s holdings in Life Time Group were worth $653,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in Life Time Group by 1.2% during the first quarter. Vanguard Group Inc. now owns 6,479,496 shares of the company’s stock worth $100,562,000 after buying an additional 78,290 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Life Time Group by 19.8% in the second quarter. Dimensional Fund Advisors LP now owns 4,658,902 shares of the company’s stock worth $87,728,000 after acquiring an additional 770,766 shares during the last quarter. Hood River Capital Management LLC grew its holdings in Life Time Group by 44.0% in the second quarter. Hood River Capital Management LLC now owns 1,811,841 shares of the company’s stock valued at $34,117,000 after purchasing an additional 553,881 shares during the period. Millennium Management LLC raised its stake in Life Time Group by 66.7% during the second quarter. Millennium Management LLC now owns 1,076,386 shares of the company’s stock worth $20,268,000 after purchasing an additional 430,779 shares during the period. Finally, Wellington Management Group LLP acquired a new position in shares of Life Time Group in the 4th quarter valued at $14,544,000. Institutional investors and hedge funds own 79.40% of the company’s stock.

Life Time Group Stock Performance

Shares of LTH stock opened at $25.27 on Monday. The company’s fifty day moving average price is $24.04 and its two-hundred day moving average price is $19.47. 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 firm has a market capitalization of $5.04 billion, a P/E ratio of 46.80, a P/E/G ratio of 3.20 and a beta of 1.87. Life Time Group Holdings, Inc. has a 12 month low of $11.10 and a 12 month high of $25.75.

Life Time Group (NYSE:LTH) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.26 EPS for the quarter, beating 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 firm had revenue of $667.80 million during the quarter, compared to the consensus estimate of $634.92 million. During the same quarter in the prior year, the business posted $0.08 earnings per share. Life Time Group’s revenue for the quarter was up 18.9% on a year-over-year basis. On average, research analysts anticipate that Life Time Group Holdings, Inc. will post 0.56 earnings per share for the current fiscal year.

Insider Buying and Selling at Life Time Group

In other news, major shareholder Partners Group Private Equity sold 650,000 shares of the company’s stock in a transaction dated 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 sale, the insider now owns 5,929,348 shares in the company, valued at approximately $123,804,786.24. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Life Time Group news, Director John G. Danhakl sold 3,575,000 shares of the business’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 owns 55,166,700 shares in the company, valued at $1,151,880,696. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 completion of the transaction, the insider now owns 5,929,348 shares in the company, valued at approximately $123,804,786.24. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.50% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. The Goldman Sachs Group upped their price objective on Life Time Group from $15.00 to $22.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Bank of America boosted their target price on Life Time Group from $29.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, September 6th. Wells Fargo & Company raised their price target 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. 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 price objective for the company. Finally, Northland Securities lifted their target price on shares of Life Time Group from $27.00 to $28.50 and gave the company an “outperform” rating in a report on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Life Time Group has a consensus rating of “Moderate Buy” and an average price target of $26.64.

About Life Time Group

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.