Braun Stacey Associates Inc. Sells 106,545 Shares of Life Time Group Holdings, Inc. (NYSE:LTH)

Braun Stacey Associates Inc. lowered its stake in Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 12.3% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 760,587 shares of the company's stock after selling 106,545 shares during the quarter. Braun Stacey Associates Inc. owned 0.36% of Life Time Group worth $22,970,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its position in Life Time Group by 2.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,190,447 shares of the company's stock valued at $114,809,000 after purchasing an additional 147,295 shares during the last quarter. Loomis Sayles & Co. L P lifted its position in Life Time Group by 12.3% in the fourth quarter. Loomis Sayles & Co. L P now owns 3,425,925 shares of the company's stock valued at $75,781,000 after purchasing an additional 375,672 shares during the last quarter. Driehaus Capital Management LLC lifted its position in Life Time Group by 5.2% in the fourth quarter. Driehaus Capital Management LLC now owns 2,955,669 shares of the company's stock valued at $65,379,000 after purchasing an additional 145,002 shares during the last quarter. Hood River Capital Management LLC lifted its position in Life Time Group by 2.4% in the fourth quarter. Hood River Capital Management LLC now owns 2,787,210 shares of the company's stock valued at $61,653,000 after purchasing an additional 64,613 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in Life Time Group by 45.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,038,064 shares of the company's stock valued at $45,082,000 after purchasing an additional 640,385 shares during the last quarter. Institutional investors own 79.40% of the company's stock.

Analysts Set New Price Targets

Several brokerages have weighed in on LTH. Guggenheim reiterated a "buy" rating and issued a $36.00 price objective on shares of Life Time Group in a research report on Tuesday, June 24th. Morgan Stanley lifted their price target on shares of Life Time Group from $33.00 to $34.00 and gave the company an "equal weight" rating in a report on Friday, May 9th. BMO Capital Markets set a $28.00 price objective on shares of Life Time Group and gave the company a "hold" rating in a research report on Friday, March 14th. Finally, Craig Hallum raised shares of Life Time Group to a "buy" rating and set a $45.00 target price for the company in a research report on Friday, May 23rd. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $35.92.

Life Time Group Stock Down 0.1%

Shares of Life Time Group stock traded down $0.04 during trading on Monday, hitting $29.19. The company's stock had a trading volume of 2,194,681 shares, compared to its average volume of 1,991,939. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.31 and a current ratio of 0.43. The company has a fifty day simple moving average of $29.32 and a two-hundred day simple moving average of $29.05. The company has a market capitalization of $6.40 billion, a PE ratio of 30.41 and a beta of 1.74. Life Time Group Holdings, Inc. has a 52 week low of $18.60 and a 52 week high of $34.99.

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

Insider Buying and Selling

In other Life Time Group news, Director John Kristofer Galashan sold 11,655,582 shares of the firm's stock in a transaction dated 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 completion of the sale, the director directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Parham Javaheri sold 84,744 shares of the firm's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $27.84, for a total transaction of $2,359,272.96. Following the sale, the executive vice president owned 249,526 shares of the company's stock, valued at approximately $6,946,803.84. This represents a 25.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,548,155 shares of company stock worth $691,624,905 over the last 90 days. Corporate insiders own 8.70% of the company's stock.

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.