Manatuck Hill Partners LLC Buys 50,000 Shares of Life Time Group Holdings, Inc. $LTH

Manatuck Hill Partners LLC boosted its stake in shares of Life Time Group Holdings, Inc. (NYSE:LTH) by 25.0% during the fourth quarter, Holdings Channel reports. The firm owned 250,000 shares of the company’s stock after purchasing an additional 50,000 shares during the quarter. Life Time Group comprises about 2.3% of Manatuck Hill Partners LLC’s holdings, making the stock its 15th biggest position. Manatuck Hill Partners LLC’s holdings in Life Time Group were worth $6,645,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC raised its position in Life Time Group by 144.5% in the fourth quarter. GAMMA Investing LLC now owns 1,220 shares of the company’s stock worth $32,000 after acquiring an additional 721 shares during the period. Wexford Capital LP bought a new position in Life Time Group in the third quarter worth approximately $40,000. EverSource Wealth Advisors LLC raised its position in Life Time Group by 201.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,499 shares of the company’s stock worth $45,000 after acquiring an additional 1,002 shares during the period. Kemnay Advisory Services Inc. bought a new position in Life Time Group in the fourth quarter worth approximately $73,000. Finally, Nisa Investment Advisors LLC raised its position in Life Time Group by 74.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,862 shares of the company’s stock worth $76,000 after acquiring an additional 1,225 shares during the period. 79.40% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Jefferies Financial Group reiterated a “buy” rating and issued a $41.00 price target on shares of Life Time Group in a research report on Tuesday, May 5th. Wells Fargo & Company increased their price target on shares of Life Time Group from $37.00 to $38.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Guggenheim increased their price target on shares of Life Time Group from $36.00 to $41.00 and gave the stock a “buy” rating in a research report on Monday. Mizuho increased their price target on shares of Life Time Group from $41.00 to $44.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. Finally, Royal Bank Of Canada increased their price target on shares of Life Time Group from $38.00 to $43.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 2nd. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.80.

Insider Activity

In other news, Director John Kristofer Galashan sold 2,208,580 shares of the firm’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $28.60, for a total transaction of $63,165,388.00. Following the sale, the director directly owned 11,027,703 shares in the company, valued at $315,392,305.80. This trade represents a 16.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jimena Almendares sold 40,589 shares of the firm’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $33.59, for a total transaction of $1,363,384.51. Following the transaction, the director directly owned 36,983 shares of the company’s stock, valued at $1,242,258.97. The trade was a 52.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 27,876,110 shares of company stock worth $854,609,979. 13.30% of the stock is currently owned by insiders.

Life Time Group Stock Down 0.9%

Shares of LTH stock opened at $34.57 on Thursday. The company has a market capitalization of $7.70 billion, a price-to-earnings ratio of 20.22, a PEG ratio of 1.44 and a beta of 1.55. Life Time Group Holdings, Inc. has a one year low of $24.14 and a one year high of $35.35. The company’s fifty day moving average price is $31.03 and its 200-day moving average price is $28.62. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.53 and a quick ratio of 0.42.

Life Time Group (NYSE:LTH) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.39 by $0.03. The firm had revenue of $788.70 million for the quarter, compared to the consensus estimate of $787.65 million. Life Time Group had a net margin of 12.56% and a return on equity of 10.10%. The company’s revenue was up 11.7% on a year-over-year basis. During the same period last year, the firm earned $0.39 EPS. Sell-side analysts expect that Life Time Group Holdings, Inc. will post 1.48 EPS for the current fiscal year.

Life Time Group 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.