Renaissance Group LLC Takes $7.36 Million Position in Life Time Group Holdings, Inc. $LTH

Renaissance Group LLC acquired a new position in Life Time Group Holdings, Inc. (NYSE:LTH) during the 3rd quarter, HoldingsChannel.com reports. The fund acquired 266,648 shares of the company’s stock, valued at approximately $7,359,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. EverSource Wealth Advisors LLC grew its position in shares of Life Time Group by 201.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,499 shares of the company’s stock worth $45,000 after buying an additional 1,002 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Life Time Group by 98.9% in the second quarter. Nisa Investment Advisors LLC now owns 1,506 shares of the company’s stock valued at $46,000 after acquiring an additional 749 shares in the last quarter. IFP Advisors Inc lifted 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 worth $51,000 after acquiring an additional 1,624 shares during the period. Steward Partners Investment Advisory LLC grew its holdings in Life Time Group by 2,741.7% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,705 shares of the company’s stock worth $52,000 after acquiring an additional 1,645 shares in the last quarter. Finally, Asset Management One Co. Ltd. bought a new position in Life Time Group during the 3rd quarter worth about $69,000. 79.40% of the stock is owned by institutional investors.

Life Time Group Stock Performance

LTH opened at $29.79 on Friday. The company has a market cap of $6.57 billion, a P/E ratio of 23.09, a price-to-earnings-growth ratio of 0.76 and a beta of 1.68. 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 firm’s 50-day moving average price is $27.41 and its 200-day moving average price is $27.23. Life Time Group Holdings, Inc. has a 52-week low of $24.14 and a 52-week high of $34.99.

Life Time Group (NYSE:LTH) last released its earnings results on Tuesday, November 4th. The company reported $0.41 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 analysts’ expectations of $770.93 million. Life Time Group had a net margin of 9.91% and a return on equity of 9.75%. As a group, equities analysts anticipate that Life Time Group Holdings, Inc. will post 0.74 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Eric J. Buss sold 162,722 shares of the firm’s stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $28.04, for a total value of $4,562,724.88. Following the completion of the transaction, the executive vice president owned 380,683 shares in the company, valued at $10,674,351.32. This trade represents a 29.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Erik Weaver sold 1,493 shares of Life Time Group stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $29.90, for a total value of $44,640.70. Following the sale, the chief financial officer directly owned 77,771 shares of the company’s stock, valued at approximately $2,325,352.90. This represents a 1.88% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 256,670 shares of company stock valued at $7,234,567. Insiders own 8.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Zacks Research downgraded shares of Life Time Group from a “hold” rating to a “strong sell” rating in a research note on Monday, January 26th. UBS Group set a $48.00 price target on Life Time Group in a research report on Friday, October 17th. Northland Securities set a $42.00 price objective on Life Time Group in a research report on Friday, January 23rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Life Time Group in a research note on Thursday, January 22nd. Finally, Guggenheim reiterated a “buy” rating and issued a $36.00 target price on shares of Life Time Group in a report on Friday, January 23rd. Nine research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Life Time Group presently has an average rating of “Moderate Buy” and an average price target of $36.77.

About Life Time Group

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.