Odyssean LLC Grows Position in Life Time Group Holdings, Inc. $LTH

Odyssean LLC raised its stake in shares of Life Time Group Holdings, Inc. (NYSE:LTH) by 23.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 70,954 shares of the company’s stock after purchasing an additional 13,631 shares during the quarter. Odyssean LLC’s holdings in Life Time Group were worth $2,898,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Royal Bank of Canada increased its position in shares of Life Time Group by 140.4% in the 1st quarter. Royal Bank of Canada now owns 54,380 shares of the company’s stock valued at $1,642,000 after acquiring an additional 31,762 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Life Time Group by 25.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 70,855 shares of the company’s stock worth $2,140,000 after acquiring an additional 14,267 shares during the period. Goldman Sachs Group Inc. grew its stake in Life Time Group by 143.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,422,304 shares of the company’s stock valued at $73,154,000 after purchasing an additional 1,428,446 shares during the last quarter. Caxton Associates LLP purchased a new stake in Life Time Group during the 1st quarter valued at about $221,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Life Time Group by 47.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 199,287 shares of the company’s stock valued at $6,018,000 after purchasing an additional 64,348 shares during the period. 79.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on LTH shares. Weiss Ratings upgraded Life Time Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, August 6th. Mizuho upped their target price on Life Time Group from $63.00 to $64.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Jefferies Financial Group increased their price target on shares of Life Time Group from $41.00 to $51.00 and gave the stock a “buy” rating in a report on Monday, June 29th. Morgan Stanley lifted their price objective on shares of Life Time Group from $39.00 to $53.00 and gave the company an “overweight” rating in a research note on Tuesday, August 18th. Finally, Bank of America reaffirmed a “buy” rating and issued a $51.00 price objective on shares of Life Time Group in a report on Friday, July 31st. Two research analysts have rated the stock with a Strong Buy rating and thirteen have issued a Buy rating to the company. According to data from MarketBeat, Life Time Group currently has a consensus rating of “Buy” and an average target price of $54.85.

Life Time Group Stock Down 2.6%

LTH opened at $44.54 on Wednesday. The company has a fifty day moving average of $42.36 and a two-hundred day moving average of $33.86. The stock has a market capitalization of $9.95 billion, a price-to-earnings ratio of 24.21, a PEG ratio of 1.65 and a beta of 1.50. Life Time Group Holdings, Inc. has a fifty-two week low of $24.14 and a fifty-two week high of $47.24. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.56 and a current ratio of 0.66.

Life Time Group (NYSE:LTH) last posted its earnings results on Thursday, July 30th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.11. Life Time Group had a net margin of 13.07% and a return on equity of 10.56%. The business had revenue of $866.00 million for the quarter, compared to analyst estimates of $845.75 million. During the same period in the prior year, the company posted $0.37 EPS. The company’s revenue for the quarter was up 13.7% on a year-over-year basis. On average, research analysts expect that Life Time Group Holdings, Inc. will post 1.59 earnings per share for the current year.

Insider Buying and Selling

In other Life Time Group news, CEO Bahram Akradi sold 438,257 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $45.03, for a total value of $19,734,712.71. Following the sale, the chief executive officer directly owned 3,615,086 shares of the company’s stock, valued at approximately $162,787,322.58. This trade represents a 10.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John Kristofer Galashan sold 2,208,580 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $28.60, for a total value of $63,165,388.00. Following the completion of the sale, the director owned 11,027,703 shares of the company’s stock, valued at $315,392,305.80. This trade represents a 16.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 5,883,869 shares of company stock worth $186,023,546 in the last ninety days. 13.30% of the stock is owned by corporate insiders.

Life Time Group Company 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.