Life Time Group Holdings, Inc. $LTH Shares Acquired by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company increased its stake in shares of Life Time Group Holdings, Inc. (NYSE:LTH) by 38.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,745,768 shares of the company’s stock after purchasing an additional 487,478 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Life Time Group were worth $47,031,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in LTH. Vanguard Group Inc. lifted its holdings in Life Time Group by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 13,643,761 shares of the company’s stock valued at $362,651,000 after purchasing an additional 143,487 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Life Time Group by 15.2% during the first quarter. Dimensional Fund Advisors LP now owns 8,090,037 shares of the company’s stock worth $217,929,000 after buying an additional 1,068,208 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Life Time Group by 41.3% in the second quarter. Ameriprise Financial Inc. now owns 7,157,957 shares of the company’s stock valued at $216,644,000 after buying an additional 2,091,712 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of Life Time Group by 0.6% during the fourth quarter. Wellington Management Group LLP now owns 5,863,510 shares of the company’s stock valued at $155,852,000 after buying an additional 34,964 shares during the period. Finally, Bank of America Corp DE lifted its stake in shares of Life Time Group by 102.1% during the third quarter. Bank of America Corp DE now owns 4,268,011 shares of the company’s stock valued at $117,797,000 after buying an additional 2,156,033 shares during the period. Institutional investors and hedge funds own 79.40% of the company’s stock.

Life Time Group Stock Performance

Life Time Group stock opened at $44.45 on Friday. The stock’s 50-day moving average is $38.20 and its 200-day moving average is $31.81. The company has a market cap of $9.89 billion, a price-to-earnings ratio of 25.99, a price-to-earnings-growth ratio of 1.83 and a beta of 1.51. 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 Holdings, Inc. has a 12 month low of $24.14 and a 12 month high of $47.24.

Life Time Group (NYSE:LTH) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.11. Life Time Group had a return on equity of 10.10% and a net margin of 12.56%.The business had revenue of $866.00 million for the quarter, compared to analyst estimates of $845.75 million. During the same period in the previous year, the company posted $0.37 EPS. The company’s revenue was up 13.7% compared to the same quarter last year. Equities analysts anticipate that Life Time Group Holdings, Inc. will post 1.53 earnings per share for the current year.

Insider Activity at Life Time Group

In other news, major shareholder Partners Group Private Equity sold 747,178 shares of the stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $31.46, for a total value of $23,506,219.88. Following the completion of the sale, the insider owned 2,431,203 shares of the company’s stock, valued at $76,485,646.38. This represents a 23.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John G. Danhakl sold 4,991,749 shares of the firm’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $31.46, for a total transaction of $157,040,423.54. Following the completion of the transaction, the director directly owned 16,242,383 shares in the company, valued at approximately $510,985,369.18. This represents a 23.51% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 27,943,861 shares of company stock worth $857,228,555. Company insiders own 13.30% of the company’s stock.

Wall Street Analysts Forecast Growth

LTH has been the subject of several recent analyst reports. Jefferies Financial Group lifted their target price on shares of Life Time Group from $41.00 to $51.00 and gave the stock a “buy” rating in a research note on Monday, June 29th. Oppenheimer increased their price target on Life Time Group from $43.00 to $60.00 and gave the stock an “outperform” rating in a research note on Thursday, June 25th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $49.00 price objective on shares of Life Time Group in a report on Wednesday, July 22nd. Weiss Ratings raised Life Time Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, July 21st. Finally, Northland Securities upped their target price on Life Time Group from $43.00 to $48.00 and gave the company an “outperform” rating in a research note on Wednesday, June 24th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $47.25.

About Life Time Group

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.