Hudson Bay Capital Management LP Buys New Stake in Life Time Group Holdings, Inc. $LTH

Hudson Bay Capital Management LP bought a new stake in shares of Life Time Group Holdings, Inc. (NYSE:LTH) during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 200,000 shares of the company’s stock, valued at approximately $6,066,000.

A number of other institutional investors also recently made changes to their positions in LTH. EverSource Wealth Advisors LLC boosted its stake in shares of Life Time Group by 201.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,499 shares of the company’s stock valued at $45,000 after acquiring an additional 1,002 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in Life Time Group by 98.9% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,506 shares of the company’s stock valued at $46,000 after purchasing an additional 749 shares in the last quarter. IFP Advisors Inc boosted its stake in shares of Life Time Group by 10,150.0% during the 2nd quarter. IFP Advisors Inc now owns 1,640 shares of the company’s stock worth $51,000 after purchasing an additional 1,624 shares during the last quarter. Steward Partners Investment Advisory LLC grew its holdings in shares of Life Time Group by 2,741.7% during the second quarter. Steward Partners Investment Advisory LLC now owns 1,705 shares of the company’s stock worth $52,000 after buying an additional 1,645 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Life Time Group in the first quarter valued at approximately $74,000. 79.40% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Life Time Group

In other news, CFO Erik Weaver sold 4,846 shares of the business’s stock in a transaction dated Monday, October 13th. The stock was sold at an average price of $25.10, for a total transaction of $121,634.60. Following the completion of the sale, the chief financial officer owned 81,765 shares in the company, valued at approximately $2,052,301.50. The trade was a 5.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Eric J. Buss sold 74,487 shares of the firm’s stock in a transaction that occurred on Friday, November 28th. The shares were sold at an average price of $28.05, for a total transaction of $2,089,360.35. Following the completion of the transaction, the executive vice president owned 380,683 shares in the company, valued at $10,678,158.15. The trade was a 16.36% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 242,055 shares of company stock valued at $6,773,720 in the last quarter. Company insiders own 8.70% of the company’s stock.

Life Time Group Trading Up 0.2%

LTH stock opened at $25.83 on Tuesday. The company has a quick ratio of 0.55, a current ratio of 0.67 and a debt-to-equity ratio of 0.50. The company has a market cap of $5.69 billion, a price-to-earnings ratio of 20.02, a PEG ratio of 0.82 and a beta of 1.67. The business has a fifty day simple moving average of $25.84 and a 200-day simple moving average of $27.56. Life Time Group Holdings, Inc. has a 52 week low of $21.49 and a 52 week high of $34.99.

Life Time Group (NYSE:LTH) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. The firm had revenue of $782.65 million during the quarter, compared to the consensus estimate of $770.93 million. Life Time Group had a return on equity of 9.75% and a net margin of 9.91%. On average, equities research analysts expect that Life Time Group Holdings, Inc. will post 0.74 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. UBS Group set a $48.00 target price on shares of Life Time Group in a research note on Friday, October 17th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Life Time Group in a research report on Wednesday, October 8th. Zacks Research upgraded Life Time Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 11th. Finally, Morgan Stanley decreased their price target on Life Time Group from $39.00 to $37.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 12th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Life Time Group has a consensus rating of “Moderate Buy” and a consensus target price of $37.00.

About Life Time Group

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.