102,280 Shares in Life Time Group Holdings, Inc. $LTH Bought by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC bought a new stake in shares of Life Time Group Holdings, Inc. (NYSE:LTH) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 102,280 shares of the company’s stock, valued at approximately $4,079,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of LTH. New York Life Investment Management LLC bought a new position in shares of Life Time Group in the third quarter valued at $947,000. Ethic Inc. grew its position in Life Time Group by 32.2% during the third quarter. Ethic Inc. now owns 17,709 shares of the company’s stock valued at $706,000 after buying an additional 4,316 shares during the period. Pictet Asset Management Holding SA increased its stake in shares of Life Time Group by 5.2% during the 3rd quarter. Pictet Asset Management Holding SA now owns 24,773 shares of the company’s stock worth $988,000 after purchasing an additional 1,232 shares during the last quarter. Kestra Advisory Services LLC purchased a new stake in Life Time Group during the third quarter valued at about $432,000. Finally, Integrity Alliance LLC. bought a new position in Life Time Group in the 3rd quarter worth approximately $425,000. Institutional investors own 79.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Wells Fargo & Company lifted their target price on Life Time Group from $51.00 to $53.00 and gave the company an “overweight” rating in a report on Friday, October 30th. Morgan Stanley upped their price objective on Life Time Group from $53.00 to $54.00 and gave the stock an “overweight” rating in a report on Tuesday, October 27th. Jefferies Financial Group restated a “buy” rating on shares of Life Time Group in a report on Wednesday, September 23rd. Northland Securities set a $57.00 price target on shares of Life Time Group in a report on Friday, July 31st. Finally, Royal Bank Of Canada boosted their target price on Life Time Group from $50.00 to $60.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Fifteen equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $56.14.

Life Time Group Price Performance

Shares of LTH opened at $47.62 on Thursday. Life Time Group Holdings, Inc. has a 1-year low of $24.45 and a 1-year high of $48.61. The firm has a fifty day simple moving average of $42.09 and a two-hundred day simple moving average of $36.00. The company has a current ratio of 0.73, a quick ratio of 0.63 and a debt-to-equity ratio of 0.42. The firm has a market cap of $10.70 billion, a PE ratio of 25.88, a P/E/G ratio of 1.49 and a beta of 1.46.

Life Time Group (NYSE:LTH) last announced its earnings results on Thursday, October 29th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.10. The business had revenue of $893.52 million for the quarter, compared to analysts’ expectations of $874.98 million. Life Time Group had a return on equity of 11.01% and a net margin of 12.72%. The business’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same period last year, the firm posted $0.41 earnings per share. On average, equities analysts anticipate that Life Time Group Holdings, Inc. will post 1.63 EPS for the current year.

Insider Activity

In related news, Director John Galashan sold 2,879,154 shares of the business’s stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $43.80, for a total transaction of $126,106,945.20. Following the completion of the transaction, the director directly owned 3,029,450 shares in the company, valued at approximately $132,689,910. The trade was a 48.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Erik Weaver sold 6,713 shares of the stock in a transaction on Friday, October 30th. The stock was sold at an average price of $44.83, for a total value of $300,943.79. Following the completion of the sale, the chief financial officer owned 76,418 shares of the company’s stock, valued at $3,425,818.94. The trade was a 8.08% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 6,214,115 shares of company stock worth $272,178,518. 13.30% of the stock is currently owned by corporate insiders.

About Life Time Group

Life Time Group Holdings, Inc. operates a network of fitness and wellness clubs in the United States and Canada. Its locations combine fitness facilities with services and amenities such as group exercise classes, personal training, swimming, racquet sports, spa services, and dining. The company also offers digital fitness and wellness content through its app and other platforms, complementing its in-person club services. Its clubs are designed to serve individuals and families with a range of fitness, recreation, and wellness programs.