Life Time Group Holdings, Inc. $LTH is Leonard Green & Partners L.P.’s 2nd Largest Position

Leonard Green & Partners L.P. trimmed its holdings in shares of Life Time Group Holdings, Inc. (NYSE:LTH) by 16.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,906,061 shares of the company’s stock after selling 4,991,976 shares during the period. Life Time Group comprises about 26.2% of Leonard Green & Partners L.P.’s portfolio, making the stock its 2nd largest position. Leonard Green & Partners L.P. owned approximately 11.29% of Life Time Group worth $687,407,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. EverSource Wealth Advisors LLC lifted its position in shares of Life Time Group by 201.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,499 shares of the company’s stock worth $45,000 after purchasing an additional 1,002 shares during the period. Steward Partners Investment Advisory LLC increased its holdings in 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 valued at $52,000 after buying an additional 1,645 shares during the period. Asset Management One Co. Ltd. purchased a new position in Life Time Group during the third quarter valued at approximately $69,000. SBI Securities Co. Ltd. raised its stake in Life Time Group by 19.6% in the third quarter. SBI Securities Co. Ltd. now owns 4,222 shares of the company’s stock worth $117,000 after buying an additional 693 shares in the last quarter. Finally, Caxton Associates LLP purchased a new stake in Life Time Group during the first quarter worth $221,000. Institutional investors own 79.40% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on LTH shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Life Time Group in a research report on Thursday, January 22nd. Morgan Stanley boosted their price target on Life Time Group from $37.00 to $38.00 and gave the stock an “overweight” rating in a research report on Monday, February 23rd. Wells Fargo & Company assumed coverage on Life Time Group in a research note on Wednesday, March 11th. They set an “overweight” rating and a $37.00 price objective for the company. Northland Securities set a $42.00 price objective on Life Time Group in a research report on Friday, January 23rd. Finally, UBS Group reiterated a “buy” rating and issued a $43.00 target price on shares of Life Time Group in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Life Time Group presently has a consensus rating of “Moderate Buy” and an average price target of $40.13.

Insider Activity at Life Time Group

In other Life Time Group news, CFO Erik Weaver sold 1,493 shares of the 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 completion of the sale, the chief financial officer directly owned 77,771 shares in the company, valued at approximately $2,325,352.90. This trade represents a 1.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Ritadhwaja Jebens Singh sold 12,088 shares of the firm’s stock in a transaction dated Friday, January 23rd. The stock was sold at an average price of $29.75, for a total value of $359,618.00. Following the completion of the sale, the executive vice president directly owned 110,967 shares of the company’s stock, valued at approximately $3,301,268.25. This represents a 9.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 31,850 shares of company stock valued at $909,324 in the last ninety days. Corporate insiders own 8.70% of the company’s stock.

Life Time Group Price Performance

NYSE LTH opened at $26.18 on Tuesday. The firm’s fifty day simple moving average is $28.01 and its two-hundred day simple moving average is $27.12. The firm has a market capitalization of $5.81 billion, a P/E ratio of 15.77, a P/E/G ratio of 1.18 and a beta of 1.69. The company has a current ratio of 0.63, a quick ratio of 0.52 and a debt-to-equity ratio of 0.48. Life Time Group Holdings, Inc. has a 12-month low of $24.14 and a 12-month high of $34.99.

Life Time Group (NYSE:LTH) last issued its quarterly earnings data on Tuesday, February 24th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.33 by $0.01. The firm had revenue of $745.10 million during the quarter, compared to analyst estimates of $740.09 million. Life Time Group had a return on equity of 10.20% and a net margin of 12.51%.The business’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.27 EPS. Analysts forecast that Life Time Group Holdings, Inc. will post 0.74 EPS for the current fiscal year.

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.