Benjamin Edwards Inc. Buys 10,109 Shares of Life Time Group Holdings, Inc. (NYSE:LTH)

Key Points

• Benjamin Edwards Inc. increased its stake in Life Time Group Holdings by 73.2%, acquiring an additional 10,109 shares, bringing its total holdings to 23,922 shares valued at approximately $722,000.
• Life Time Group reported a quarterly earnings per share (EPS) of $0.37, exceeding analyst expectations of $0.33, with a revenue increase of 14.0% year-over-year.
• Analysts' ratings for Life Time Group show a consensus of "Moderate Buy" with an average target price of $35.92, indicating positive sentiment towards the stock's future performance.

Benjamin Edwards Inc. increased its stake in Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 73.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 23,922 shares of the company's stock after purchasing an additional 10,109 shares during the quarter. Benjamin Edwards Inc.'s holdings in Life Time Group were worth $722,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Kapitalo Investimentos Ltda bought a new position in Life Time Group in the 4th quarter worth $33,000. Harbour Investments Inc. bought a new position in Life Time Group in the 1st quarter worth $36,000. Sterling Capital Management LLC boosted its holdings in Life Time Group by 892.6% in the 4th quarter. Sterling Capital Management LLC now owns 2,025 shares of the company's stock worth $45,000 after buying an additional 1,821 shares during the period. Quarry LP boosted its holdings in Life Time Group by 240.4% in the 4th quarter. Quarry LP now owns 2,335 shares of the company's stock worth $52,000 after buying an additional 1,649 shares during the period. Finally, Dnca Finance boosted its holdings in Life Time Group by 11.9% in the 4th quarter. Dnca Finance now owns 3,830 shares of the company's stock worth $85,000 after buying an additional 407 shares during the period. 79.40% of the stock is owned by institutional investors.

Life Time Group Price Performance

LTH stock opened at $27.41 on Friday. Life Time Group Holdings, Inc. has a 52 week low of $21.49 and a 52 week high of $34.99. The company has a quick ratio of 0.53, a current ratio of 0.65 and a debt-to-equity ratio of 0.52. The company has a fifty day simple moving average of $28.69 and a two-hundred day simple moving average of $29.81. The firm has a market capitalization of $6.03 billion, a P/E ratio of 26.87 and a beta of 1.73.

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

Insider Buying and Selling at Life Time Group

In other Life Time Group news, Director John G. Danhakl sold 11,655,582 shares of the business's stock in a transaction on Friday, June 6th. The shares were 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 $878,404,327.06. The trade was a 28.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John Kristofer Galashan sold 11,655,582 shares of the business's stock in a transaction on Friday, June 6th. The shares were 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 $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 over the last ninety days. Corporate insiders own 8.70% of the company's stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Morgan Stanley upped their target price on shares of Life Time Group from $33.00 to $34.00 and gave the stock an "equal weight" rating in a report on Friday, May 9th. Craig Hallum raised shares of Life Time Group to a "buy" rating and set a $45.00 target price for the company in a report on Friday, May 23rd. Guggenheim reaffirmed a "buy" rating and issued a $36.00 target price on shares of Life Time Group in a report on Tuesday, June 24th. Finally, Wall Street Zen downgraded shares of Life Time Group from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus 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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