Maverick Capital Ltd. Has $297,000 Stock Position in Life Time Group Holdings, Inc. $LTH

Maverick Capital Ltd. lessened its holdings in Life Time Group Holdings, Inc. (NYSE:LTH) by 94.5% in the 1st quarter, Holdings Channel reports. The firm owned 11,036 shares of the company’s stock after selling 188,377 shares during the quarter. Maverick Capital Ltd.’s holdings in Life Time Group were worth $297,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Thrivent Financial for Lutherans bought a new position in shares of Life Time Group in the 4th quarter valued at approximately $41,721,000. Decker Retirement Planning Inc. bought a new stake in Life Time Group during the fourth quarter worth approximately $3,811,000. Vanguard Group Inc. grew its holdings in Life Time Group by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 13,643,761 shares of the company’s stock valued at $362,651,000 after purchasing an additional 143,487 shares during the last quarter. Norges Bank acquired a new position in Life Time Group during the fourth quarter valued at approximately $49,228,000. Finally, Geode Capital Management LLC raised its position in shares of Life Time Group by 6.3% in the fourth quarter. Geode Capital Management LLC now owns 3,519,811 shares of the company’s stock valued at $93,572,000 after purchasing an additional 207,822 shares during the period. 79.40% of the stock is currently owned by institutional investors.

Insider Transactions at Life Time Group

In related news, Director John G. Danhakl sold 4,991,749 shares of Life Time Group stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $31.46, for a total transaction of $157,040,423.54. Following the sale, the director directly owned 16,242,383 shares of the company’s stock, valued at $510,985,369.18. This trade represents a 23.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Partners Group Private Equity sold 747,178 shares of Life Time Group stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $31.46, for a total value of $23,506,219.88. Following the sale, the insider directly owned 2,431,203 shares in the company, valued at approximately $76,485,646.38. This trade represents a 23.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 27,943,861 shares of company stock worth $857,228,555. 13.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on LTH shares. Zacks Research upgraded shares of Life Time Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 23rd. Jefferies Financial Group upped their price target on shares of Life Time Group from $41.00 to $51.00 and gave the company a “buy” rating in a report on Monday, June 29th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $37.00 price target on shares of Life Time Group in a research report on Wednesday, May 6th. Oppenheimer lifted their price objective on Life Time Group from $43.00 to $60.00 and gave the stock an “outperform” rating in a research note on Thursday, June 25th. Finally, Morgan Stanley boosted their price objective on Life Time Group from $38.00 to $39.00 and gave the stock an “overweight” rating in a research report on Thursday, May 14th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $47.25.

Life Time Group Trading Up 0.6%

Shares of LTH stock opened at $45.90 on Thursday. Life Time Group Holdings, Inc. has a 1 year low of $24.14 and a 1 year high of $46.95. The firm’s fifty day simple moving average is $37.97 and its 200 day simple moving average is $31.70. The firm has a market capitalization of $10.22 billion, a P/E ratio of 26.84, a price-to-earnings-growth ratio of 1.82 and a beta of 1.51. The company has a current ratio of 0.53, a quick ratio of 0.42 and a debt-to-equity ratio of 0.46.

Life Time Group (NYSE:LTH) last released its earnings results on Tuesday, May 5th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.39 by $0.03. Life Time Group had a net margin of 12.56% and a return on equity of 10.10%. The firm had revenue of $788.70 million during the quarter, compared to analysts’ expectations of $787.65 million. During the same period in the prior year, the company earned $0.39 EPS. The business’s quarterly revenue was up 11.7% compared to the same quarter last year. As a group, sell-side analysts predict that Life Time Group Holdings, Inc. will post 1.53 EPS for the current year.

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.