Life Time Group Holdings, Inc. $LTH Stock Holdings Lessened by Sei Investments Co.

Sei Investments Co. cut its holdings in Life Time Group Holdings, Inc. (NYSE:LTH) by 57.3% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 103,782 shares of the company’s stock after selling 139,180 shares during the period. Sei Investments Co.’s holdings in Life Time Group were worth $2,796,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Kestra Advisory Services LLC grew its position in Life Time Group by 4.0% in the 4th quarter. Kestra Advisory Services LLC now owns 10,950 shares of the company’s stock valued at $291,000 after buying an additional 420 shares in the last quarter. Harbour Investments Inc. raised its position in shares of Life Time Group by 8.8% during the 4th quarter. Harbour Investments Inc. now owns 6,387 shares of the company’s stock worth $170,000 after buying an additional 516 shares in the last quarter. Strs Ohio lifted its stake in shares of Life Time Group by 10.0% in the 4th quarter. Strs Ohio now owns 6,600 shares of the company’s stock worth $175,000 after acquiring an additional 600 shares during the period. Steward Partners Investment Advisory LLC lifted its stake in shares of Life Time Group by 13.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 6,119 shares of the company’s stock worth $163,000 after acquiring an additional 717 shares during the period. Finally, Ieq Capital LLC boosted its holdings in shares of Life Time Group by 5.8% in the fourth quarter. Ieq Capital LLC now owns 14,064 shares of the company’s stock valued at $374,000 after acquiring an additional 772 shares in the last quarter. Institutional investors own 79.40% of the company’s stock.

Insider Transactions at Life Time Group

In related news, EVP Eric J. Buss sold 479,240 shares of the business’s stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $44.97, for a total value of $21,551,422.80. Following the completion of the sale, the executive vice president owned 474,008 shares of the company’s stock, valued at approximately $21,316,139.76. The trade was a 50.27% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Partners Group Private Equity sold 449,960 shares of the stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $32.51, for a total transaction of $14,628,199.60. Following the transaction, the insider owned 1,981,243 shares in the company, valued at approximately $64,410,209.93. This trade represents a 18.51% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 12,346,029 shares of company stock valued at $396,108,368. Corporate insiders own 13.30% of the company’s stock.

Life Time Group Stock Performance

Life Time Group stock opened at $43.88 on Friday. The firm’s 50 day simple moving average is $39.59 and its 200-day simple moving average is $32.51. The company has a market cap of $9.81 billion, a P/E ratio of 23.85, a price-to-earnings-growth ratio of 1.60 and a beta of 1.50. 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 Holdings, Inc. has a fifty-two week low of $24.14 and a fifty-two week high of $47.24.

Life Time Group (NYSE:LTH) last issued its earnings results on Thursday, July 30th. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.37 by $0.11. Life Time Group had a return on equity of 10.56% and a net margin of 13.07%.The business had revenue of $866.00 million during the quarter, compared to analysts’ expectations of $845.75 million. During the same quarter last year, the firm posted $0.37 earnings per share. Life Time Group’s revenue was up 13.7% compared to the same quarter last year. As a group, equities research analysts predict that Life Time Group Holdings, Inc. will post 1.57 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on LTH. Wells Fargo & Company raised their price objective on shares of Life Time Group from $46.00 to $51.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Jefferies Financial Group increased their price target on Life Time Group from $41.00 to $51.00 and gave the company a “buy” rating in a research note on Monday, June 29th. KeyCorp boosted their price objective on Life Time Group from $40.00 to $52.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Deutsche Bank Aktiengesellschaft set a $54.00 target price on Life Time Group in a research note on Friday, July 31st. Finally, The Goldman Sachs Group began coverage on shares of Life Time Group in a research report on Monday. They issued a “buy” rating and a $53.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating and thirteen have given a Buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $53.77.

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.