Wedge Capital Management L L P NC Sells 176,804 Shares of Life Time Group Holdings, Inc. $LTH

Wedge Capital Management L L P NC cut its position in Life Time Group Holdings, Inc. (NYSE:LTH) by 13.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,186,075 shares of the company’s stock after selling 176,804 shares during the quarter. Wedge Capital Management L L P NC owned about 0.54% of Life Time Group worth $32,736,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in LTH. Zions Bancorporation National Association UT boosted its holdings in Life Time Group by 1.6% in the 2nd quarter. Zions Bancorporation National Association UT now owns 43,570 shares of the company’s stock worth $1,321,000 after buying an additional 699 shares during the period. Nisa Investment Advisors LLC lifted its position in shares of Life Time Group by 98.9% during the second quarter. Nisa Investment Advisors LLC now owns 1,506 shares of the company’s stock worth $46,000 after acquiring an additional 749 shares in the last quarter. Teacher Retirement System of Texas boosted its holdings in shares of Life Time Group by 6.5% in the second quarter. Teacher Retirement System of Texas now owns 14,877 shares of the company’s stock worth $451,000 after acquiring an additional 907 shares during the period. Caxton Associates LLP grew its holdings in Life Time Group by 12.9% during the 2nd quarter. Caxton Associates LLP now owns 8,268 shares of the company’s stock valued at $251,000 after buying an additional 946 shares in the last quarter. Finally, Savant Capital LLC boosted its position in shares of Life Time Group by 12.5% in the second quarter. Savant Capital LLC now owns 8,780 shares of the company’s stock valued at $266,000 after acquiring an additional 977 shares during the period. Institutional investors own 79.40% of the company’s stock.

Life Time Group Price Performance

Shares of NYSE:LTH opened at $26.50 on Friday. The company’s fifty day moving average price is $25.88 and its 200-day moving average price is $27.49. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.67 and a quick ratio of 0.55. The firm has a market capitalization of $5.84 billion, a price-to-earnings ratio of 20.54, a PEG ratio of 0.84 and a beta of 1.67. Life Time Group Holdings, Inc. has a one year low of $21.49 and a one year high of $34.99.

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

Insider Transactions at Life Time Group

In other news, EVP Eric J. Buss sold 162,722 shares of the stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $28.04, for a total transaction of $4,562,724.88. Following the transaction, the executive vice president directly owned 380,683 shares in the company, valued at approximately $10,674,351.32. This represents a 29.94% 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, CFO Erik Weaver sold 4,846 shares of the firm’s stock in a transaction dated Monday, October 13th. The shares were sold at an average price of $25.10, for a total value of $121,634.60. Following the transaction, the chief financial officer directly owned 81,765 shares in the company, valued at approximately $2,052,301.50. This represents a 5.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 242,055 shares of company stock valued at $6,773,720 over the last quarter. Company insiders own 8.70% of the company’s stock.

Wall Street Analyst Weigh In

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

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.