399,163 Shares in Life Time Group Holdings, Inc. $LTH Purchased by Ranger Investment Management L.P.

Ranger Investment Management L.P. acquired a new stake in Life Time Group Holdings, Inc. (NYSE:LTH) during the second quarter, Holdings Channel reports. The firm acquired 399,163 shares of the company’s stock, valued at approximately $16,302,000.

Several other institutional investors have also added to or reduced their stakes in the business. Wexford Capital LP bought a new position in Life Time Group during the third quarter worth about $40,000. EverSource Wealth Advisors LLC increased its stake in shares of Life Time Group by 201.6% in the second 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 in the last quarter. Kemnay Advisory Services Inc. bought a new stake in shares of Life Time Group in the fourth quarter valued at approximately $73,000. Versant Capital Management Inc raised its position in shares of Life Time Group by 286.7% in the second quarter. Versant Capital Management Inc now owns 1,806 shares of the company’s stock valued at $74,000 after purchasing an additional 1,339 shares during the period. Finally, Phillip James Consulting Co. purchased a new stake in shares of Life Time Group during the 1st quarter valued at approximately $91,000. 79.40% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Eric J. Buss sold 479,240 shares of the business’s stock in a transaction on Friday, July 31st. The shares were sold at an average price of $44.97, for a total transaction of $21,551,422.80. Following the completion of the transaction, the executive vice president directly owned 474,008 shares in the company, valued at $21,316,139.76. The trade was a 50.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Bahram Akradi sold 438,257 shares of the company’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of $45.03, for a total transaction of $19,734,712.71. Following the completion of the transaction, the chief executive officer directly owned 3,615,086 shares in the company, valued at approximately $162,787,322.58. The trade was a 10.81% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 5,883,869 shares of company stock worth $186,023,546. Company insiders own 13.30% of the company’s stock.

Life Time Group Trading Up 0.1%

Shares of LTH opened at $45.15 on Monday. Life Time Group Holdings, Inc. has a twelve month low of $24.14 and a twelve month high of $47.24. The stock has a market cap of $10.09 billion, a PE ratio of 24.54, a P/E/G ratio of 1.63 and a beta of 1.50. The company has a quick ratio of 0.56, a current ratio of 0.66 and a debt-to-equity ratio of 0.44. The business’s 50-day moving average price is $41.93 and its 200-day moving average price is $33.64.

Life Time Group (NYSE:LTH) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.11. The company had revenue of $866.00 million during the quarter, compared to analyst estimates of $845.75 million. Life Time Group had a net margin of 13.07% and a return on equity of 10.56%. Life Time Group’s revenue was up 13.7% compared to the same quarter last year. During the same period last year, the business earned $0.37 earnings per share. On average, equities analysts forecast that Life Time Group Holdings, Inc. will post 1.59 EPS for the current fiscal year.

Analysts Set New Price Targets

LTH has been the subject of several analyst reports. Royal Bank Of Canada raised their price objective on shares of Life Time Group from $50.00 to $60.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Guggenheim reissued a “buy” rating and set a $50.00 target price on shares of Life Time Group in a report on Wednesday, August 12th. Northland Securities set a $57.00 target price on Life Time Group in a research report on Friday, July 31st. KeyCorp raised their price target on Life Time Group from $40.00 to $52.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Finally, The Goldman Sachs Group initiated coverage on Life Time Group in a research report on Monday, August 3rd. They issued a “buy” rating and a $53.00 price target for the company. Two analysts have rated the stock with a Strong Buy rating and thirteen have issued a Buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $54.85.

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.