Decker Retirement Planning Inc. Makes New Investment in Life Time Group Holdings, Inc. $LTH

Key Points

• Decker Retirement Planning bought a new position of 143,369 shares of Life Time Group (NYSE:LTH) in Q4 valued at about $3.81 million, making LTH 1.9% of Decker’s portfolio and representing 0.07% of Life Time’s outstanding stock.
• Analysts hold a consensus rating of “Moderate Buy” with an average price target of $40.13; recent coverage includes Wells Fargo’s overweight ($37) and Jefferies’ buy ($40) ratings.
• Life Time recently beat estimates (Q EPS $0.34 vs. $0.33; revenue $745.1M vs. $740.1M), with revenue up 12.3% year‑over‑year; the stock trades near $27.99 with a market cap of about $6.21B and a PE of 16.86.

Decker Retirement Planning Inc. bought a new position in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 143,369 shares of the company's stock, valued at approximately $3,811,000. Life Time Group makes up 1.9% of Decker Retirement Planning Inc.'s portfolio, making the stock its 15th largest position. Decker Retirement Planning Inc. owned 0.07% of Life Time Group at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Voya Investment Management LLC boosted its stake in Life Time Group by 2,398.6% in the 3rd quarter. Voya Investment Management LLC now owns 1,065,997 shares of the company's stock worth $29,422,000 after purchasing an additional 1,023,333 shares during the period. Vanguard Group Inc. boosted its stake in Life Time Group by 2.9% in the 3rd quarter. Vanguard Group Inc. now owns 13,500,274 shares of the company's stock worth $372,608,000 after purchasing an additional 374,833 shares during the period. BlueCrest Capital Management Ltd bought a new position in Life Time Group in the 3rd quarter worth about $8,280,000. ABN Amro Investment Solutions bought a new position in Life Time Group in the 3rd quarter worth about $2,535,000. Finally, TD Asset Management Inc boosted its stake in Life Time Group by 158.1% in the 3rd quarter. TD Asset Management Inc now owns 76,436 shares of the company's stock worth $2,110,000 after purchasing an additional 46,822 shares during the period. Institutional investors own 79.40% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on LTH shares. Zacks Research upgraded Life Time Group from a "strong sell" rating to a "hold" rating in a research note on Monday, March 2nd. Northland Securities set a $42.00 target price on Life Time Group in a research note on Friday, January 23rd. Weiss Ratings restated a "hold (c+)" rating on shares of Life Time Group in a research note on Thursday, January 22nd. Wells Fargo & Company initiated coverage on Life Time Group in a research report on Wednesday, March 11th. They set an "overweight" rating and a $37.00 price target for the company. Finally, Jefferies Financial Group initiated coverage on Life Time Group in a research report on Tuesday, March 10th. They set a "buy" rating and a $40.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $40.13.

Insider Buying and Selling

In related news, EVP Ritadhwaja Jebens Singh sold 5,880 shares of the business's stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $30.31, for a total value of $178,222.80. Following the completion of the sale, the executive vice president owned 102,144 shares in the company, valued at $3,095,984.64. The trade was a 5.44% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Parham Javaheri sold 11,060 shares of the business's stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $26.46, for a total value of $292,647.60. Following the completion of the sale, the executive vice president owned 315,175 shares of the company's stock, valued at $8,339,530.50. The trade was a 3.39% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 31,850 shares of company stock worth $909,324 in the last quarter. 13.30% of the stock is owned by insiders.

Life Time Group Stock Performance

Shares of LTH opened at $27.99 on Wednesday. The company has a market cap of $6.21 billion, a PE ratio of 16.86, a price-to-earnings-growth ratio of 1.23 and a beta of 1.64. The company has a current ratio of 0.63, a quick ratio of 0.52 and a debt-to-equity ratio of 0.48. The stock has a 50-day moving average price of $27.42 and a 200-day moving average price of $26.92. Life Time Group Holdings, Inc. has a 12-month low of $24.14 and a 12-month high of $34.99.

Life Time Group (NYSE:LTH - Get Free Report) last issued its quarterly earnings results on Tuesday, February 24th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.33 by $0.01. The firm had revenue of $745.10 million during the quarter, compared to the consensus estimate of $740.09 million. Life Time Group had a return on equity of 10.20% and a net margin of 12.51%.The company's revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter last year, the company posted $0.27 EPS. As a group, equities analysts forecast that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current fiscal year.

Life Time Group Company Profile

Life Time Group NYSE: LTH is a premier operator of health, fitness and lifestyle centers across North America. The company's core business encompasses the development, ownership and management of premium athletic resorts that integrate state-of-the-art fitness facilities, group exercise studios, indoor and outdoor pools, running tracks, and spa and salon services. In addition to its brick-and-mortar clubs, Life Time offers a digital platform featuring on-demand and live-streamed workouts, personalized training programs and nutrition guidance, enabling members to pursue their wellness goals both at home and on the go.

Founded in 1992 and headquartered in Chanhassen, Minnesota, Life Time has grown from a single Minnesota health club into a network of more than 160 locations across the United States and Canada.

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