30,780 Shares in Life Time Group Holdings, Inc. (NYSE:LTH) Acquired by Entropy Technologies LP

Key Points

• Entropy Technologies LP acquired 30,780 shares of Life Time Group Holdings, valued at approximately $930,000, marking a new investment in the company.
• Institutional investors currently hold 79.40% of Life Time Group’s stock, indicating strong overall institutional interest in the company.
• Life Time Group reported a 14.0% increase in revenue year-over-year, with earnings per share surpassing predictions at $0.37 for the latest quarter.

Entropy Technologies LP purchased a new position in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 30,780 shares of the company's stock, valued at approximately $930,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in LTH. Vanguard Group Inc. boosted its holdings in Life Time Group by 32.2% during the first quarter. Vanguard Group Inc. now owns 9,365,193 shares of the company's stock worth $282,829,000 after purchasing an additional 2,282,007 shares during the last quarter. Marshall Wace LLP boosted its holdings in Life Time Group by 7,344.2% during the fourth quarter. Marshall Wace LLP now owns 1,361,032 shares of the company's stock worth $30,106,000 after purchasing an additional 1,342,749 shares during the last quarter. Wedge Capital Management L L P NC purchased a new position in Life Time Group during the first quarter worth about $40,471,000. Point72 Asset Management L.P. boosted its holdings in Life Time Group by 79.9% during the fourth quarter. Point72 Asset Management L.P. now owns 1,602,100 shares of the company's stock worth $35,438,000 after purchasing an additional 711,443 shares during the last quarter. Finally, Emerald Advisers LLC purchased a new position in Life Time Group during the first quarter worth about $19,917,000. 79.40% of the stock is currently owned by hedge funds and other institutional investors.

Life Time Group Stock Performance

Shares of LTH stock traded up $0.95 during trading on Friday, reaching $28.36. 2,229,413 shares of the company's stock traded hands, compared to its average volume of 2,827,145. The company has a market capitalization of $6.24 billion, a P/E ratio of 27.80 and a beta of 1.73. The company has a current ratio of 0.65, a quick ratio of 0.53 and a debt-to-equity ratio of 0.52. The firm's 50-day moving average is $28.68 and its 200 day moving average is $29.80. Life Time Group Holdings, Inc. has a 1 year low of $21.49 and a 1 year high of $34.99.

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

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Guggenheim restated a "buy" rating and set a $36.00 price target on shares of Life Time Group in a report on Tuesday, June 24th. Wall Street Zen cut shares of Life Time Group from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Morgan Stanley boosted their target price on shares of Life Time Group from $33.00 to $34.00 and gave the company an "equal weight" rating in a research note on Friday, May 9th. Finally, Craig Hallum upgraded shares of Life Time Group to a "buy" rating and set a $45.00 target price on the stock in a research note on Friday, May 23rd. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $35.92.

Insider Activity at Life Time Group

In related news, EVP Ritadhwaja Jebens Singh sold 134,247 shares of the company's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $28.80, for a total transaction of $3,866,313.60. Following the sale, the executive vice president directly owned 133,189 shares in the company, valued at approximately $3,835,843.20. This represents a 50.20% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director John G. Danhakl sold 11,655,582 shares of the company'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 sale, the director directly 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 sold a total of 23,548,155 shares of company stock worth $691,624,905 in the last ninety days. Insiders own 8.70% of the company's stock.

Life Time Group 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.