Burney Co. Makes New $461,000 Investment in Life Time Group Holdings, Inc. $LTH

Burney Co. purchased a new stake in Life Time Group Holdings, Inc. (NYSE:LTH) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 15,191 shares of the company’s stock, valued at approximately $461,000.

Other large investors also recently modified their holdings of the company. Harbour Investments Inc. acquired a new position in shares of Life Time Group during the 1st quarter valued at $36,000. Nisa Investment Advisors LLC grew its holdings in Life Time Group by 98.9% in the second quarter. Nisa Investment Advisors LLC now owns 1,506 shares of the company’s stock worth $46,000 after purchasing an additional 749 shares during the period. IFP Advisors Inc increased its stake in Life Time Group by 10,150.0% in the second quarter. IFP Advisors Inc now owns 1,640 shares of the company’s stock valued at $51,000 after purchasing an additional 1,624 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in shares of Life Time Group by 226.5% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,750 shares of the company’s stock valued at $53,000 after purchasing an additional 1,214 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Life Time Group during the 1st quarter worth about $74,000. Institutional investors and hedge funds own 79.40% of the company’s stock.

Life Time Group Trading Down 3.0%

Shares of LTH stock opened at $25.39 on Thursday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.53 and a current ratio of 0.65. The company has a market capitalization of $5.59 billion, a price-to-earnings ratio of 19.68 and a beta of 1.68. Life Time Group Holdings, Inc. has a 52-week low of $21.49 and a 52-week high of $34.99. The company has a 50-day simple moving average of $26.98 and a two-hundred day simple moving average of $28.38.

Life Time Group (NYSE:LTH) last announced its earnings results on Tuesday, August 5th. The company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.04. The firm had revenue of $761.47 million for the quarter, compared to the consensus estimate of $752.33 million. Life Time Group had a return on equity of 9.97% and a net margin of 9.91%.The company’s revenue was up 14.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.26 EPS. Research analysts anticipate that Life Time Group Holdings, Inc. will post 0.74 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently commented on LTH. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Life Time Group in a research report on Wednesday, October 8th. Wall Street Zen downgraded Life Time Group from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. Morgan Stanley upgraded Life Time Group from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $34.00 to $39.00 in a report on Monday, October 27th. Finally, UBS Group set a $48.00 price target on shares of Life Time Group in a research note on Friday, October 17th. Ten research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Life Time Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.14.

Insider Transactions at Life Time Group

In other Life Time Group news, Director John G. Danhakl sold 4,991,976 shares of the company’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $28.95, for a total value of $144,517,705.20. Following the completion of the transaction, the director owned 24,906,061 shares in the company, valued at $721,030,465.95. This represents a 16.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Erik Weaver sold 4,846 shares of Life Time Group stock in a transaction on Monday, October 13th. The stock was sold at an average price of $25.10, for a total value of $121,634.60. Following the sale, the chief financial officer owned 81,765 shares in the company, valued at $2,052,301.50. The trade was a 5.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 10,743,880 shares of company stock worth $311,008,231. Company insiders own 8.70% of the company’s stock.

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.