Wedge Capital Management L L P NC Raises Stock Position in Life Time Group Holdings, Inc. $LTH

Wedge Capital Management L L P NC grew its stake in shares of Life Time Group Holdings, Inc. (NYSE:LTH) by 9.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,295,970 shares of the company’s stock after acquiring an additional 109,895 shares during the period. Wedge Capital Management L L P NC owned about 0.59% of Life Time Group worth $34,447,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of LTH. GAMMA Investing LLC increased its holdings in Life Time Group by 144.5% during the 4th quarter. GAMMA Investing LLC now owns 1,220 shares of the company’s stock worth $32,000 after purchasing an additional 721 shares during the period. Wexford Capital LP purchased a new stake in shares of Life Time Group in the 3rd quarter worth $40,000. 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. Steward Partners Investment Advisory LLC increased its stake in shares of 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. Finally, Asset Management One Co. Ltd. purchased a new position in shares of Life Time Group during the third quarter valued at $69,000. Hedge funds and other institutional investors own 79.40% of the company’s stock.

Insider Transactions at Life Time Group

In related news, CFO Erik Weaver sold 1,493 shares of the business’s stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $29.90, for a total transaction of $44,640.70. Following the completion of the transaction, the chief financial officer owned 77,771 shares in the company, valued at $2,325,352.90. The trade was a 1.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Parham Javaheri sold 11,060 shares of the stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $26.46, for a total transaction of $292,647.60. Following the sale, the executive vice president directly owned 315,175 shares of the company’s stock, valued at $8,339,530.50. The trade was a 3.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 31,850 shares of company stock valued at $909,324 in the last 90 days. Insiders own 13.30% of the company’s stock.

Life Time Group Trading Down 2.3%

Shares of NYSE LTH opened at $25.97 on Friday. Life Time Group Holdings, Inc. has a 1-year low of $24.14 and a 1-year high of $34.99. The business has a fifty day moving average price of $27.77 and a 200 day moving average price of $27.00. The stock has a market capitalization of $5.76 billion, a P/E ratio of 15.65, a price-to-earnings-growth ratio of 1.18 and a beta of 1.69. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.63 and a quick ratio of 0.52.

Life Time Group (NYSE:LTH) last posted its earnings results on Tuesday, February 24th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.01. The company had revenue of $745.10 million for 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 firm’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.27 earnings per share. Equities research analysts expect that Life Time Group Holdings, Inc. will post 0.74 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Wells Fargo & Company started coverage on shares of Life Time Group in a research note on Wednesday, March 11th. They issued an “overweight” rating and a $37.00 price objective for the company. Jefferies Financial Group initiated coverage on shares of Life Time Group in a research report on Tuesday, March 10th. They set a “buy” rating and a $40.00 target price on the stock. Northland Securities set a $42.00 price target on shares of Life Time Group in a report on Friday, January 23rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Life Time Group in a research report on Thursday, January 22nd. Finally, Morgan Stanley increased their price objective on shares of Life Time Group from $37.00 to $38.00 and gave the company an “overweight” rating in a research note on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Life Time Group has a consensus rating of “Moderate Buy” and a consensus target price of $40.13.

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.