Life Time Group Holdings, Inc. $LTH Shares Sold by Braun Stacey Associates Inc.

Braun Stacey Associates Inc. reduced its stake in Life Time Group Holdings, Inc. (NYSE:LTH) by 3.2% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 780,570 shares of the company’s stock after selling 25,885 shares during the period. Braun Stacey Associates Inc.’s holdings in Life Time Group were worth $31,878,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Wellington Management Group LLP raised its stake in Life Time Group by 1.6% during the 2nd quarter. Wellington Management Group LLP now owns 6,308,310 shares of the company’s stock worth $257,631,000 after acquiring an additional 99,154 shares in the last quarter. Ranger Investment Management L.P. acquired a new position in Life Time Group in the second quarter valued at $16,302,000. Handelsbanken Fonder AB boosted its stake in Life Time Group by 138.3% in the second quarter. Handelsbanken Fonder AB now owns 63,400 shares of the company’s stock valued at $2,589,000 after acquiring an additional 36,800 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Life Time Group by 36.6% during the second quarter. GAMMA Investing LLC now owns 3,844 shares of the company’s stock worth $157,000 after purchasing an additional 1,029 shares during the last quarter. Finally, Avior Wealth Management LLC purchased a new position in shares of Life Time Group during the second quarter worth about $459,000. Institutional investors and hedge funds own 79.40% of the company’s stock.

Life Time Group Price Performance

Shares of NYSE:LTH opened at $43.58 on Friday. Life Time Group Holdings, Inc. has a one year low of $24.14 and a one year high of $47.24. The stock has a market capitalization of $9.74 billion, a price-to-earnings ratio of 23.68, a PEG ratio of 1.60 and a beta of 1.50. The company has a 50-day simple moving average of $42.85 and a 200-day simple moving average of $34.14. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.56 and a current ratio of 0.66.

Life Time Group (NYSE:LTH) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.11. The firm had revenue of $866.00 million for the quarter, compared to analyst estimates of $845.75 million. Life Time Group had a return on equity of 10.56% and a net margin of 13.07%.The business’s revenue was up 13.7% on a year-over-year basis. During the same quarter last year, the company posted $0.37 earnings per share. On average, analysts predict that Life Time Group Holdings, Inc. will post 1.59 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on LTH. Bank of America reissued a “buy” rating and issued a $51.00 target price on shares of Life Time Group in a report on Friday, July 31st. KeyCorp raised their price target 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 price target on Life Time Group in a research report on Friday, July 31st. Oppenheimer increased their price objective on Life Time Group from $43.00 to $60.00 and gave the company an “outperform” rating in a report on Thursday, June 25th. Finally, Mizuho raised their target price on shares of Life Time Group from $63.00 to $64.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. Two research analysts have rated the stock with a Strong Buy rating and thirteen have given a Buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $54.85.

Insider Activity at Life Time Group

In other Life Time Group news, Director John Kristofer Galashan sold 2,879,154 shares of Life Time Group 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 transaction, the director directly owned 3,029,450 shares in the company, valued at approximately $132,689,910. This trade represents a 48.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 value of $19,734,712.71. Following the completion of the transaction, the chief executive officer directly owned 3,615,086 shares in the company, valued at approximately $162,787,322.58. The trade was a 10.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 11,642,177 shares of company stock worth $438,237,437 in the last ninety days. Company insiders own 13.30% of the company’s stock.

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.