Principal Financial Group Inc. Has $67.78 Million Holdings in Life Time Group Holdings, Inc. (NYSE:LTH)

Principal Financial Group Inc. decreased its holdings in Life Time Group Holdings, Inc. (NYSE:LTH) by 2.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,599,662 shares of the company’s stock after selling 94,543 shares during the period. Principal Financial Group Inc. owned about 1.81% of Life Time Group worth $67,782,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Victory Capital Management Inc. boosted its position in Life Time Group by 50.9% during the fourth quarter. Victory Capital Management Inc. now owns 21,518 shares of the company’s stock worth $324,000 after purchasing an additional 7,260 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Life Time Group by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 423,874 shares of the company’s stock worth $6,392,000 after buying an additional 5,995 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Life Time Group by 21.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,178,654 shares of the company’s stock worth $47,934,000 after buying an additional 558,488 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in Life Time Group in the 4th quarter valued at about $236,000. Finally, Trexquant Investment LP bought a new position in Life Time Group in the 4th quarter valued at about $741,000. 79.40% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently commented on LTH. Royal Bank of Canada upped their target price on Life Time Group from $20.00 to $27.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. Wells Fargo & Company upped their price objective on Life Time Group from $15.00 to $20.00 and gave the company an “equal weight” rating in a report on Wednesday, July 31st. Craig Hallum started coverage on shares of Life Time Group in a research report on Friday, July 19th. They issued a “buy” rating and a $30.00 target price for the company. Northland Securities upped their price target on shares of Life Time Group from $27.00 to $28.50 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Finally, Mizuho boosted their price objective on shares of Life Time Group from $23.00 to $29.00 and gave the company a “buy” rating in a report on Monday, May 6th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $24.93.

Insider Activity at Life Time Group

In related news, Director John G. Danhakl sold 3,575,000 shares of Life Time Group stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $20.88, for a total transaction of $74,646,000.00. Following the sale, the director now directly owns 55,166,700 shares of the company’s stock, valued at approximately $1,151,880,696. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director John G. Danhakl sold 3,575,000 shares of the stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $20.88, for a total value of $74,646,000.00. Following the completion of the transaction, the director now directly owns 55,166,700 shares in the company, valued at approximately $1,151,880,696. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Partners Group Private Equity sold 650,000 shares of the business’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $20.88, for a total value of $13,572,000.00. Following the sale, the insider now owns 5,929,348 shares in the company, valued at approximately $123,804,786.24. The disclosure for this sale can be found here. 12.50% of the stock is currently owned by insiders.

Life Time Group Price Performance

Shares of NYSE LTH traded up $0.02 during trading hours on Friday, hitting $23.52. 1,125,652 shares of the stock were exchanged, compared to its average volume of 1,025,995. The company’s fifty day simple moving average is $21.29 and its two-hundred day simple moving average is $17.17. The company has a market cap of $4.68 billion, a PE ratio of 65.33, a price-to-earnings-growth ratio of 3.92 and a beta of 1.86. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.31 and a current ratio of 0.43. Life Time Group Holdings, Inc. has a 1-year low of $11.10 and a 1-year high of $25.25.

Life Time Group (NYSE:LTH) last issued its earnings results on Thursday, August 1st. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.10. The firm had revenue of $667.80 million for the quarter, compared to the consensus estimate of $634.92 million. Life Time Group had a return on equity of 5.43% and a net margin of 4.54%. The company’s revenue was up 18.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.08 EPS. On average, sell-side analysts predict that Life Time Group Holdings, Inc. will post 0.46 EPS for the current year.

Life Time Group Company Profile

Life Time Group Holdings, Inc provides health, fitness, and wellness experiences to a community of individual members in the United States and Canada. It primarily engages in designing, building, and operating of sports and athletic, professional fitness, family recreation, and spa centers in a resort-like environment, principally in suburban and urban locations of metropolitan areas.