Thrivent Financial for Lutherans Acquires New Shares in Life Time Group Holdings, Inc. $LTH

Thrivent Financial for Lutherans acquired a new stake in Life Time Group Holdings, Inc. (NYSE:LTH) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,569,646 shares of the company’s stock, valued at approximately $41,721,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in LTH. Royal Bank of Canada increased its holdings in Life Time Group by 140.4% in the first quarter. Royal Bank of Canada now owns 54,380 shares of the company’s stock valued at $1,642,000 after purchasing an additional 31,762 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Life Time Group by 25.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 70,855 shares of the company’s stock valued at $2,140,000 after purchasing an additional 14,267 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Life Time Group by 143.7% in the first quarter. Goldman Sachs Group Inc. now owns 2,422,304 shares of the company’s stock valued at $73,154,000 after purchasing an additional 1,428,446 shares during the last quarter. Caxton Associates LLP bought a new stake in Life Time Group in the first quarter valued at about $221,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Life Time Group by 47.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 199,287 shares of the company’s stock valued at $6,018,000 after purchasing an additional 64,348 shares during the last quarter. Institutional investors own 79.40% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on LTH shares. Mizuho upped their price objective on Life Time Group from $41.00 to $44.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. Zacks Research upgraded Life Time Group from a “hold” rating to a “strong-buy” rating in a report on Friday, April 24th. KeyCorp initiated coverage on Life Time Group in a report on Thursday, March 12th. They issued an “overweight” rating and a $40.00 price objective for the company. Morgan Stanley increased their price target on Life Time Group from $38.00 to $39.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $37.00 price target on shares of Life Time Group in a report on Wednesday, May 6th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Life Time Group has an average rating of “Buy” and an average target price of $40.50.

Insider Transactions at Life Time Group

In related news, EVP Parham Javaheri sold 62,900 shares of the stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $31.80, for a total transaction of $2,000,220.00. Following the completion of the transaction, the executive vice president directly owned 246,574 shares in the company, valued at approximately $7,841,053.20. This trade represents a 20.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Eric J. Buss sold 192,217 shares of Life Time Group stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $32.02, for a total value of $6,154,788.34. Following the completion of the sale, the executive vice president directly owned 474,008 shares in the company, valued at approximately $15,177,736.16. This represents a 28.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 16,638,669 shares of company stock worth $507,722,099. 13.30% of the stock is currently owned by company insiders.

Life Time Group Stock Down 0.1%

Shares of Life Time Group stock opened at $33.72 on Friday. Life Time Group Holdings, Inc. has a 1 year low of $24.14 and a 1 year high of $35.33. The business has a 50-day moving average of $27.93 and a two-hundred day moving average of $27.41. The company has a market capitalization of $7.51 billion, a P/E ratio of 19.72, a price-to-earnings-growth ratio of 1.41 and a beta of 1.50. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.53 and a quick ratio of 0.42.

Life Time Group (NYSE:LTH) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.03. The company had revenue of $788.70 million during the quarter, compared to the consensus estimate of $787.65 million. Life Time Group had a return on equity of 10.10% and a net margin of 12.56%.The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.39 earnings per share. As a group, equities analysts predict that Life Time Group Holdings, Inc. will post 1.47 EPS for the current year.

Life Time Group Company Profile

Life Time Group (NYSE: LTH) is a premier operator of health, fitness and lifestyle centers across North America. The company’s core business encompasses the development, ownership and management of premium athletic resorts that integrate state-of-the-art fitness facilities, group exercise studios, indoor and outdoor pools, running tracks, and spa and salon services. In addition to its brick-and-mortar clubs, Life Time offers a digital platform featuring on-demand and live-streamed workouts, personalized training programs and nutrition guidance, enabling members to pursue their wellness goals both at home and on the go.

Founded in 1992 and headquartered in Chanhassen, Minnesota, Life Time has grown from a single Minnesota health club into a network of more than 160 locations across the United States and Canada.