U S Global Investors Inc. Sells 12,500 Shares of Life Time Group Holdings, Inc. $LTH

U S Global Investors Inc. decreased its stake in shares of Life Time Group Holdings, Inc. (NYSE:LTH) by 39.6% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 19,100 shares of the company’s stock after selling 12,500 shares during the period. U S Global Investors Inc.’s holdings in Life Time Group were worth $762,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of LTH. Wellington Management Group LLP boosted its stake in Life Time Group by 1.6% during the second quarter. Wellington Management Group LLP now owns 6,308,310 shares of the company’s stock valued at $257,631,000 after buying an additional 99,154 shares during the period. Dimensional Fund Advisors LP lifted its position in Life Time Group by 15.2% in the first quarter. Dimensional Fund Advisors LP now owns 8,090,037 shares of the company’s stock valued at $217,929,000 after purchasing an additional 1,068,208 shares during the last quarter. Principal Financial Group Inc. boosted its position 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 valued at $69,760,000 after buying an additional 397,248 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of Life Time Group by 38.7% in the first quarter. The Manufacturers Life Insurance Company now owns 1,745,768 shares of the company’s stock worth $47,031,000 after purchasing an additional 487,478 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Life Time Group by 79.0% in the first quarter. Bank of New York Mellon Corp now owns 862,524 shares of the company’s stock valued at $23,236,000 after acquiring an additional 380,610 shares in the last quarter. 79.40% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Ritadhwaja Singh sold 154,912 shares of Life Time Group stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $42.00, for a total value of $6,506,304.00. Following the completion of the sale, the executive vice president directly owned 138,351 shares in the company, valued at $5,810,742. The trade was a 52.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Bahram Akradi sold 438,257 shares of Life Time Group stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $45.03, for a total transaction of $19,734,712.71. Following the completion of the sale, the chief executive officer directly owned 3,615,086 shares of the company’s stock, valued at approximately $162,787,322.58. This trade represents a 10.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 6,971,850 shares of company stock worth $306,262,084 in the last quarter. Insiders own 13.30% of the company’s stock.

Life Time Group Stock Performance

Shares of Life Time Group stock opened at $41.85 on Friday. The stock has a market cap of $9.35 billion, a price-to-earnings ratio of 27.92, a PEG ratio of 1.47 and a beta of 1.49. The firm’s 50-day moving average is $41.79 and its 200 day moving average is $37.96. Life Time Group Holdings, Inc. has a 1 year low of $24.14 and a 1 year high of $47.24. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.66 and a quick ratio of 0.56.

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 last year, the business earned $0.37 EPS. Life Time Group’s revenue was up 13.7% compared to the same quarter last year. Sell-side analysts anticipate that Life Time Group Holdings, Inc. will post 1.59 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on LTH shares. UBS Group set a $63.00 price objective on Life Time Group in a research report on Wednesday, September 23rd. Mizuho upped their price objective on shares of Life Time Group from $63.00 to $64.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Jefferies Financial Group reaffirmed a “buy” rating on shares of Life Time Group in a research note on Wednesday, September 23rd. Weiss Ratings upgraded shares of Life Time Group from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, August 6th. Finally, Northland Securities set a $57.00 price target on Life Time Group in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $55.31.

Life Time Group Company Profile

Life Time Group Holdings, Inc (NYSE: LTH) operates a network of luxury athletic country clubs in the United States and Canada. The company’s facilities combine fitness, sports, health, and wellness services in an integrated club environment designed for individuals and families.

Life Time clubs typically offer cardiovascular and strength-training equipment, group fitness classes, personal training, indoor and outdoor pools, tennis, pickleball, basketball, and other athletic programs. Many locations also provide childcare, spas, cafés, workspaces, recovery services, and specialized programs for children, older adults, and other member groups.