Tidal Investments LLC Invests $14.44 Million in Life Time Group Holdings, Inc. $LTH

Tidal Investments LLC bought a new position in Life Time Group Holdings, Inc. (NYSE:LTH) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 353,556 shares of the company’s stock, valued at approximately $14,439,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of LTH. Nykredit A S bought a new stake in Life Time Group during the 2nd quarter valued at $47,000. Wexford Capital LP bought a new stake in Life Time Group in the 3rd quarter worth about $40,000. EverSource Wealth Advisors LLC grew its position in Life Time Group by 201.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,499 shares of the company’s stock worth $45,000 after purchasing an additional 1,002 shares in the last quarter. Versant Capital Management Inc increased its stake in Life Time Group by 286.7% in the 2nd quarter. Versant Capital Management Inc now owns 1,806 shares of the company’s stock valued at $74,000 after buying an additional 1,339 shares during the last quarter. Finally, Kemnay Advisory Services Inc. purchased a new stake in Life Time Group in the 4th quarter valued at about $73,000. Institutional investors own 79.40% of the company’s stock.

Insider Transactions at Life Time Group

In related news, CEO Bahram Akradi sold 438,257 shares of the business’s stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $45.03, for a total transaction of $19,734,712.71. Following the completion of the transaction, the chief executive officer owned 3,615,086 shares of the company’s stock, valued at approximately $162,787,322.58. The trade was a 10.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Ritadhwaja Singh sold 5,666 shares of the company’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $44.00, for a total transaction of $249,304.00. Following the completion of the transaction, the executive vice president directly owned 138,351 shares in the company, valued at approximately $6,087,444. The trade was a 3.93% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 6,860,173 shares of company stock valued at $301,356,840. Company insiders own 13.30% of the company’s stock.

Life Time Group Price Performance

NYSE LTH opened at $41.41 on Friday. The firm’s 50-day simple moving average is $43.34 and its two-hundred day simple moving average is $35.01. The company has a market cap of $9.25 billion, a PE ratio of 22.51, a price-to-earnings-growth ratio of 1.51 and a beta of 1.48. Life Time Group Holdings, Inc. has a 52 week low of $24.14 and a 52 week high of $47.24. The company has a quick ratio of 0.56, a current ratio of 0.66 and a debt-to-equity ratio of 0.44.

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 analysts’ consensus estimates of $0.37 by $0.11. Life Time Group had a net margin of 13.07% and a return on equity of 10.56%. The business had revenue of $866.00 million during the quarter, compared to analyst estimates of $845.75 million. During the same period in the previous year, the business earned $0.37 EPS. Life Time Group’s revenue was up 13.7% compared to the same quarter last year. Research analysts predict that Life Time Group Holdings, Inc. will post 1.59 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on LTH shares. Mizuho boosted their target price on Life Time Group from $63.00 to $64.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. UBS Group increased their price target on Life Time Group from $43.00 to $57.00 and gave the company a “buy” rating in a research report on Tuesday, August 4th. Guggenheim reiterated a “buy” rating and set a $50.00 price target on shares of Life Time Group in a report on Wednesday, August 12th. Morgan Stanley lifted their price target on Life Time Group from $39.00 to $53.00 and gave the stock an “overweight” rating in a report on Tuesday, August 18th. Finally, Northland Securities set a $57.00 price objective on Life Time Group in a research note on Friday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating and thirteen have issued a Buy rating to the company. According to data from MarketBeat, Life Time Group currently has a consensus rating of “Buy” and a consensus price target of $54.85.

About Life Time Group

Life Time Group Holdings, Inc operates a network of athletic country clubs and wellness facilities in the United States and Canada. The company provides an integrated range of fitness, health, and lifestyle services designed for individuals and families.

Its clubs typically offer fitness equipment and classes, personal training, indoor and outdoor pools, courts for sports such as tennis and pickleball, childcare, spa services, cafes, and spaces for social and work-related activities. Life Time also provides digital fitness content, nutrition and wellness programs, recreational activities, and athletic events through its clubs and online platforms.

Founded in 1992, the company was originally known as Life Time Fitness before becoming Life Time Group Holdings.