Baader Bank Aktiengesellschaft Buys Shares of 10,000 Life Time Group Holdings, Inc. (NYSE:LTH)

Key Points

• Baader Bank Aktiengesellschaft purchased 10,000 shares of Life Time Group Holdings, Inc., valued at approximately $302,000, in the first quarter.
• Life Time Group reported strong quarterly earnings, with $0.39 earnings per share, surpassing estimates, and an 18.3% year-over-year revenue growth.
• Insider trading activity included the sale of over 11.6 million shares by a director, indicating a 28.05% decrease in their ownership of the stock.

Baader Bank Aktiengesellschaft acquired a new position in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 10,000 shares of the company's stock, valued at approximately $302,000.

Several other hedge funds have also recently added to or reduced their stakes in LTH. Raymond James Financial Inc. acquired a new position in Life Time Group in the fourth quarter valued at about $307,000. KLP Kapitalforvaltning AS bought a new stake in shares of Life Time Group in the fourth quarter valued at about $310,000. Norges Bank bought a new stake in shares of Life Time Group in the fourth quarter valued at about $19,198,000. Franklin Resources Inc. lifted its holdings in shares of Life Time Group by 769.1% in the fourth quarter. Franklin Resources Inc. now owns 200,829 shares of the company's stock valued at $4,442,000 after purchasing an additional 177,721 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Life Time Group by 2.1% in the fourth quarter. Geode Capital Management LLC now owns 1,529,949 shares of the company's stock valued at $33,851,000 after purchasing an additional 32,107 shares in the last quarter. Institutional investors and hedge funds own 79.40% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on LTH. Morgan Stanley boosted their price target 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. Guggenheim restated a "buy" rating and issued a $36.00 price target on shares of Life Time Group in a report on Tuesday, June 24th. Craig Hallum upgraded Life Time Group to a "buy" rating and set a $45.00 target price on the stock in a report on Friday, May 23rd. Finally, Wall Street Zen lowered Life Time Group from a "buy" rating to a "hold" rating in a report on Saturday. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $35.92.

Insider Activity at Life Time Group

In other news, Director John Kristofer Galashan sold 11,655,582 shares of the 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 in the company, valued at approximately $878,404,327.06. This trade represents a 28.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John G. Danhakl sold 11,655,582 shares of the stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $29.38, for a total value of $342,440,999.16. Following the transaction, the director owned 29,898,037 shares in the company, valued at approximately $878,404,327.06. This trade represents a 28.05% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,548,155 shares of company stock valued at $691,624,905 in the last 90 days. Corporate insiders own 8.70% of the company's stock.

Life Time Group Stock Performance

NYSE:LTH traded down $0.81 on Friday, hitting $27.91. The company's stock had a trading volume of 2,349,433 shares, compared to its average volume of 2,343,679. The company has a current ratio of 0.43, a quick ratio of 0.31 and a debt-to-equity ratio of 0.55. The stock has a fifty day moving average of $28.98 and a two-hundred day moving average of $29.86. The firm has a market capitalization of $6.12 billion, a P/E ratio of 29.07 and a beta of 1.73. Life Time Group Holdings, Inc. has a one year low of $20.38 and a one year high of $34.99.

Life Time Group (NYSE:LTH - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.39 earnings per share for the quarter, topping analysts' consensus estimates of $0.27 by $0.12. The company had revenue of $706.04 million for the quarter, compared to analyst estimates of $684.06 million. Life Time Group had a return on equity of 8.29% and a net margin of 7.60%. The firm's quarterly revenue was up 18.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.15 earnings per share. Research analysts predict that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current 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.