Rhumbline Advisers Raises Holdings in Life Time Group Holdings, Inc. $LTH

Rhumbline Advisers lifted its position in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 64.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 200,431 shares of the company's stock after acquiring an additional 78,879 shares during the quarter. Rhumbline Advisers owned approximately 0.09% of Life Time Group worth $6,079,000 at the end of the most recent quarter.

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Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Life Time Group by 32.2% during the first quarter. Vanguard Group Inc. now owns 9,365,193 shares of the company's stock worth $282,829,000 after purchasing an additional 2,282,007 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of Life Time Group by 1,729.3% during the 1st quarter. Ameriprise Financial Inc. now owns 5,066,245 shares of the company's stock valued at $154,547,000 after buying an additional 4,789,288 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Life Time Group by 64.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,881,566 shares of the company's stock worth $117,728,000 after buying an additional 1,525,398 shares during the period. Driehaus Capital Management LLC boosted its holdings in Life Time Group by 7.1% in the 1st quarter. Driehaus Capital Management LLC now owns 3,166,786 shares of the company's stock worth $95,637,000 after buying an additional 211,117 shares during the period. Finally, Geode Capital Management LLC raised its holdings in Life Time Group by 42.7% during the 2nd quarter. Geode Capital Management LLC now owns 2,980,851 shares of the company's stock valued at $90,420,000 after acquiring an additional 892,338 shares during the period. 79.40% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director John Kristofer Galashan sold 4,991,976 shares of the firm's stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $28.95, for a total value of $144,517,705.20. Following the sale, the director directly owned 24,906,061 shares of the company's stock, valued at $721,030,465.95. This trade represents a 16.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John G. Danhakl sold 4,991,976 shares of the business's stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $28.95, for a total transaction of $144,517,705.20. Following the completion of the transaction, the director directly owned 24,906,061 shares of the company's stock, valued at approximately $721,030,465.95. This represents a 16.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 10,971,714 shares of company stock valued at $317,397,348 over the last three months. Corporate insiders own 8.70% of the company's stock.

Analyst Ratings Changes

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Several equities research analysts have issued reports on the company. Morgan Stanley dropped their target price on Life Time Group from $39.00 to $37.00 and set an "overweight" rating on the stock in a research report on Wednesday, November 12th. Zacks Research upgraded Life Time Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, November 11th. UBS Group set a $48.00 price objective on Life Time Group in a report on Friday, October 17th. Finally, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Life Time Group in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $37.00.

View Our Latest Analysis on Life Time Group

Life Time Group Price Performance

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NYSE:LTH opened at $26.76 on Thursday. Life Time Group Holdings, Inc. has a 52-week low of $21.49 and a 52-week high of $34.99. The stock has a fifty day moving average of $26.11 and a 200 day moving average of $27.74. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.67. The firm has a market capitalization of $5.90 billion, a price-to-earnings ratio of 20.74, a P/E/G ratio of 0.85 and a beta of 1.67.

Life Time Group (NYSE:LTH - Get Free Report) last announced its earnings results on Tuesday, November 4th. The company reported $0.41 earnings per share for the quarter, topping analysts' consensus estimates of $0.34 by $0.07. The business had revenue of $782.65 million for the quarter, compared to analyst estimates of $770.93 million. Life Time Group had a return on equity of 9.75% and a net margin of 9.91%. On average, research analysts expect that Life Time Group Holdings, Inc. will post 0.74 EPS for the current fiscal year.

About Life Time Group

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.

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