Aigen Investment Management LP Buys 67,175 Shares of Life Time Group Holdings, Inc. (NYSE:LTH)

Key Points

• Aigen Investment Management LP increased its stake in Life Time Group Holdings by 203.3%, acquiring an additional 67,175 shares, bringing its total ownership to 100,216 shares valued at approximately $3.03 million.
• Life Time Group's stock is currently priced at $26.95 and has experienced a 1.5% decline, with a market capitalization of $5.93 billion.
• The company reported a quarterly earnings per share of $0.37, surpassing the consensus estimate, with revenues of $761.47 million, a year-over-year increase of 14.0%.

Aigen Investment Management LP grew its stake in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 203.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 100,216 shares of the company's stock after buying an additional 67,175 shares during the period. Aigen Investment Management LP's holdings in Life Time Group were worth $3,027,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Entropy Technologies LP bought a new position in shares of Life Time Group during the 1st quarter valued at about $930,000. Invesco Ltd. lifted its holdings in shares of Life Time Group by 23.8% during the 1st quarter. Invesco Ltd. now owns 2,289,180 shares of the company's stock valued at $69,133,000 after purchasing an additional 440,045 shares in the last quarter. Benjamin Edwards Inc. lifted its holdings in shares of Life Time Group by 73.2% during the 1st quarter. Benjamin Edwards Inc. now owns 23,922 shares of the company's stock valued at $722,000 after purchasing an additional 10,109 shares in the last quarter. Zions Bancorporation National Association UT bought a new position in shares of Life Time Group during the 1st quarter valued at about $1,295,000. Finally, Swiss National Bank lifted its holdings in shares of Life Time Group by 33.6% during the 1st quarter. Swiss National Bank now owns 188,600 shares of the company's stock valued at $5,696,000 after purchasing an additional 47,400 shares in the last quarter. Institutional investors own 79.40% of the company's stock.

Life Time Group Stock Down 1.5%

NYSE:LTH opened at $26.95 on Friday. The firm has a market capitalization of $5.93 billion, a price-to-earnings ratio of 26.42 and a beta of 1.73. Life Time Group Holdings, Inc. has a twelve month low of $21.49 and a twelve month high of $34.99. The stock's 50 day moving average price is $28.83 and its two-hundred day moving average price is $29.84. The company has a quick ratio of 0.31, a current ratio of 0.65 and a debt-to-equity ratio of 0.52.

Life Time Group (NYSE:LTH - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.04. The firm had revenue of $761.47 million for the quarter, compared to analyst estimates of $752.33 million. Life Time Group had a return on equity of 9.05% and a net margin of 8.03%. The business's quarterly revenue was up 14.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.26 EPS. Equities research analysts expect that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current fiscal year.

Insider Activity

In other Life Time Group news, Director John G. Danhakl sold 11,655,582 shares of the business's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $29.38, for a total transaction of $342,440,999.16. Following the transaction, the director owned 29,898,037 shares of the company's stock, valued at $878,404,327.06. The trade was a 28.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Erik Weaver sold 18,000 shares of Life Time Group stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $28.74, for a total value of $517,320.00. Following the transaction, the chief financial officer owned 86,611 shares of the company's stock, valued at $2,489,200.14. This represents a 17.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,548,155 shares of company stock worth $691,624,905. Corporate insiders own 8.70% of the company's stock.

Analyst Ratings Changes

LTH has been the topic of several recent analyst reports. Morgan Stanley lifted their price objective on Life Time Group from $33.00 to $34.00 and gave the company an "equal weight" rating in a report on Friday, May 9th. Craig Hallum raised Life Time Group to a "buy" rating and set a $45.00 target price on the stock in a research report on Friday, May 23rd. Guggenheim reissued a "buy" rating and issued a $36.00 target price on shares of Life Time Group in a research report on Tuesday, June 24th. Finally, Wall Street Zen lowered Life Time Group from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $35.92.

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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