102,280 Shares of Life Time Group Holdings, Inc. $LTH Acquired by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC bought a new position in Life Time Group Holdings, Inc. (NYSE:LTH) during the third quarter, HoldingsChannel.com reports. The fund bought 102,280 shares of the company’s stock, valued at approximately $4,079,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its stake 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 valued at $217,929,000 after buying an additional 1,068,208 shares during the period. Nippon Life Global Investors Americas Inc. bought a new position in shares of Life Time Group in the 3rd quarter worth $22,496,000. The Manufacturers Life Insurance Company lifted its position in shares of Life Time Group by 38.7% during the first quarter. The Manufacturers Life Insurance Company now owns 1,745,768 shares of the company’s stock valued at $47,031,000 after buying an additional 487,478 shares during the last quarter. Ranger Investment Management L.P. acquired a new stake in Life Time Group in the second quarter valued at approximately $16,302,000. Finally, Principal Financial Group Inc. grew its stake in Life Time Group by 18.1% during the 1st quarter. Principal Financial Group Inc. now owns 2,589,462 shares of the company’s stock worth $69,760,000 after buying an additional 397,248 shares during the last quarter. Institutional investors own 79.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on LTH shares. Barclays began coverage on shares of Life Time Group in a research note on Monday, October 26th. They set an “overweight” rating and a $51.00 price target on the stock. Morgan Stanley raised their price target on shares of Life Time Group from $53.00 to $54.00 and gave the company an “overweight” rating in a research report on Tuesday, October 27th. Northland Securities set a $57.00 target price on Life Time Group in a research report on Friday, July 31st. UBS Group set a $63.00 price objective on Life Time Group in a report on Wednesday, September 23rd. Finally, Deutsche Bank set a $54.00 price target on shares of Life Time Group in a research note on Friday, July 31st. Fifteen equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Life Time Group has an average rating of “Moderate Buy” and an average target price of $56.14.

Life Time Group Price Performance

Life Time Group stock opened at $47.62 on Thursday. The company has a current ratio of 0.73, a quick ratio of 0.63 and a debt-to-equity ratio of 0.42. The company has a 50-day moving average price of $42.09 and a 200 day moving average price of $36.00. Life Time Group Holdings, Inc. has a 12-month low of $24.45 and a 12-month high of $48.61. The stock has a market cap of $10.70 billion, a P/E ratio of 25.88, a PEG ratio of 1.49 and a beta of 1.46.

Life Time Group (NYSE:LTH) last posted its earnings results on Thursday, October 29th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.10. The company had revenue of $893.52 million for the quarter, compared to analyst estimates of $874.98 million. Life Time Group had a net margin of 12.72% and a return on equity of 11.01%. Life Time Group’s revenue was up 14.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.41 EPS. Sell-side analysts anticipate that Life Time Group Holdings, Inc. will post 1.63 earnings per share for the current year.

Insider Transactions at Life Time Group

In related news, Director John Galashan sold 2,879,154 shares of the stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $43.80, for a total value of $126,106,945.20. Following the completion of the transaction, the director directly owned 3,029,450 shares in the company, valued at approximately $132,689,910. This represents a 48.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Ritadhwaja Singh sold 154,912 shares of the firm’s stock in a transaction on Friday, September 11th. The stock was sold at an average price of $42.00, for a total value of $6,506,304.00. Following the sale, the executive vice president directly owned 138,351 shares of the company’s stock, valued at approximately $5,810,742. This trade represents a 52.82% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 6,214,115 shares of company stock valued at $272,178,518 in the last ninety days. 13.30% of the stock is currently owned by corporate insiders.

Life Time Group Profile

Life Time Group Holdings, Inc. operates a network of fitness and wellness clubs in the United States and Canada. Its locations combine fitness facilities with services and amenities such as group exercise classes, personal training, swimming, racquet sports, spa services, and dining. The company also offers digital fitness and wellness content through its app and other platforms, complementing its in-person club services. Its clubs are designed to serve individuals and families with a range of fitness, recreation, and wellness programs.