Life Time Group Holdings, Inc. $LTH Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC cut its position in Life Time Group Holdings, Inc. (NYSE:LTH) by 0.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,231,329 shares of the company’s stock after selling 20,927 shares during the period. Fisher Asset Management LLC’s holdings in Life Time Group were worth $59,309,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of LTH. Strs Ohio grew its stake in Life Time Group by 10.0% during the 4th quarter. Strs Ohio now owns 6,600 shares of the company’s stock worth $175,000 after purchasing an additional 600 shares in the last quarter. SBI Securities Co. Ltd. lifted its holdings in Life Time Group by 19.6% during the 3rd quarter. SBI Securities Co. Ltd. now owns 4,222 shares of the company’s stock worth $117,000 after buying an additional 693 shares during the last quarter. GAMMA Investing LLC lifted 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 buying an additional 721 shares during the last quarter. Mackenzie Financial Corp lifted its holdings in Life Time Group by 10.3% during the 3rd quarter. Mackenzie Financial Corp now owns 8,516 shares of the company’s stock worth $235,000 after buying an additional 798 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its position in Life Time Group by 8.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 10,292 shares of the company’s stock worth $274,000 after buying an additional 834 shares during the period. 79.40% of the stock is owned by institutional investors and hedge funds.

Life Time Group Stock Up 3.6%

LTH opened at $33.24 on Wednesday. Life Time Group Holdings, Inc. has a 12 month low of $24.14 and a 12 month high of $35.33. The stock has a market capitalization of $7.40 billion, a P/E ratio of 19.44, a P/E/G ratio of 1.34 and a beta of 1.50. The business has a 50 day simple moving average of $28.84 and a 200-day simple moving average of $27.79. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.53 and a quick ratio of 0.42.

Life Time Group (NYSE:LTH) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.03. Life Time Group had a return on equity of 10.10% and a net margin of 12.56%.The firm had revenue of $788.70 million during the quarter, compared to the consensus estimate of $787.65 million. During the same period last year, the business posted $0.39 EPS. Life Time Group’s quarterly revenue was up 11.7% on a year-over-year basis. On average, equities analysts anticipate that Life Time Group Holdings, Inc. will post 1.47 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on LTH shares. Morgan Stanley boosted their price objective on Life Time Group from $38.00 to $39.00 and gave the company an “overweight” rating in a research note on Thursday, May 14th. Wells Fargo & Company boosted their price objective on Life Time Group from $37.00 to $38.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Mizuho boosted their price objective on Life Time Group from $41.00 to $44.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. UBS Group reiterated a “buy” rating and issued a $43.00 price objective on shares of Life Time Group in a research note on Thursday, March 12th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $41.00 price objective on shares of Life Time Group in a research note on Tuesday, May 5th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $40.00.

Insider Activity

In other Life Time Group news, Director John G. Danhakl sold 3,006,100 shares of the stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $32.51, for a total transaction of $97,728,311.00. Following the sale, the director owned 13,236,283 shares in the company, valued at approximately $430,311,560.33. This represents a 18.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Parham Javaheri sold 62,900 shares of the stock in a transaction on Friday, May 8th. The shares were sold at an average price of $31.80, for a total value of $2,000,220.00. Following the sale, the executive vice president owned 246,574 shares in the company, valued at approximately $7,841,053.20. This trade represents a 20.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 23,100,829 shares of company stock worth $717,806,921 in the last quarter. 13.30% of the stock is currently 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.