GSA Capital Partners LLP Raises Stock Holdings in Life Time Group Holdings, Inc. (NYSE:LTH)

GSA Capital Partners LLP raised its holdings in shares of Life Time Group Holdings, Inc. (NYSE:LTH) by 2.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 93,872 shares of the company’s stock after purchasing an additional 1,987 shares during the quarter. GSA Capital Partners LLP’s holdings in Life Time Group were worth $2,292,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Amalgamated Bank raised its position in shares of Life Time Group by 38.2% during the 2nd quarter. Amalgamated Bank now owns 2,036 shares of the company’s stock valued at $38,000 after acquiring an additional 563 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Life Time Group by 105.8% during the third quarter. Farther Finance Advisors LLC now owns 1,762 shares of the company’s stock worth $43,000 after purchasing an additional 906 shares during the period. Dnca Finance bought a new position in shares of Life Time Group in the 2nd quarter worth about $72,000. Blue Trust Inc. grew its position in shares of Life Time Group by 345.5% during the 3rd quarter. Blue Trust Inc. now owns 2,940 shares of the company’s stock valued at $72,000 after buying an additional 2,280 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Life Time Group during the second quarter worth about $141,000. 79.40% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on LTH shares. Morgan Stanley lifted their target price on Life Time Group from $21.00 to $29.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 16th. Bank of America increased their target price on Life Time Group from $29.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, September 6th. Craig Hallum assumed coverage on shares of Life Time Group in a research report on Friday, July 19th. They set a “buy” rating and a $30.00 price target for the company. Royal Bank of Canada increased their price objective on shares of Life Time Group from $20.00 to $27.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. Finally, The Goldman Sachs Group boosted their target price on shares of Life Time Group from $15.00 to $22.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $27.63.

Insider Transactions at Life Time Group

In related news, Director John G. Danhakl sold 3,575,000 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $20.88, for a total transaction of $74,646,000.00. Following the completion of the transaction, the director now owns 55,166,700 shares of the company’s stock, valued at $1,151,880,696. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Life Time Group news, Director John G. Danhakl sold 3,575,000 shares of the company’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $20.88, for a total value of $74,646,000.00. Following the completion of the sale, the director now directly owns 55,166,700 shares of the company’s stock, valued at approximately $1,151,880,696. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Erik Weaver sold 4,662 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $25.88, for a total transaction of $120,652.56. Following the transaction, the chief financial officer now owns 75,866 shares of the company’s stock, valued at approximately $1,963,412.08. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,229,662 shares of company stock valued at $88,338,653. Corporate insiders own 12.50% of the company’s stock.

Life Time Group Stock Down 0.6 %

Life Time Group stock opened at $24.83 on Tuesday. Life Time Group Holdings, Inc. has a 52 week low of $11.89 and a 52 week high of $27.11. The stock has a market cap of $5.14 billion, a price-to-earnings ratio of 36.20, a PEG ratio of 1.60 and a beta of 1.89. The company’s 50-day moving average price is $24.34 and its two-hundred day moving average price is $20.82. The company has a current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 0.64.

Life Time Group (NYSE:LTH) last posted its quarterly earnings data on Thursday, October 24th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). The company had revenue of $693.20 million for the quarter, compared to analyst estimates of $684.13 million. Life Time Group had a net margin of 5.67% and a return on equity of 6.42%. Life Time Group’s revenue was up 18.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.09 EPS. On average, analysts expect that Life Time Group Holdings, Inc. will post 0.56 EPS for the current fiscal year.

Life Time Group Company Profile

Life Time Group Holdings, Inc provides health, fitness, and wellness experiences to a community of individual members in the United States and Canada. It primarily engages in designing, building, and operating of sports and athletic, professional fitness, family recreation, and spa centers in a resort-like environment, principally in suburban and urban locations of metropolitan areas.