Federated Hermes Inc. Boosts Stock Holdings in Life Time Group Holdings, Inc. (NYSE:LTH)

Key Points

• Federated Hermes Inc. increased its holdings in Life Time Group Holdings, Inc. by 213.2%, acquiring an additional 220,804 shares in the first quarter.
• Company insiders sold 23,548,155 shares valued at approximately $691.6 million over the last 90 days, representing a significant decrease in their ownership.
• Analyst ratings are mixed, with six analysts recommending a hold and eight giving a buy rating, reflecting the company's moderate market perception.

Federated Hermes Inc. raised its stake in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 213.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 324,380 shares of the company's stock after acquiring an additional 220,804 shares during the quarter. Federated Hermes Inc. owned approximately 0.15% of Life Time Group worth $9,796,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Kapitalo Investimentos Ltda acquired a new position in shares of Life Time Group in the 4th quarter valued at about $33,000. Sterling Capital Management LLC boosted its holdings in Life Time Group by 892.6% during the fourth 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 in the last quarter. Quarry LP grew its position in Life Time Group by 240.4% during the fourth quarter. Quarry LP now owns 2,335 shares of the company's stock valued at $52,000 after buying an additional 1,649 shares during the period. Dnca Finance increased its holdings in Life Time Group by 11.9% in the fourth quarter. Dnca Finance now owns 3,830 shares of the company's stock valued at $85,000 after buying an additional 407 shares in the last quarter. Finally, Amalgamated Bank raised its position in shares of Life Time Group by 42.3% in the first quarter. Amalgamated Bank now owns 2,898 shares of the company's stock worth $88,000 after acquiring an additional 862 shares during the period. Institutional investors own 79.40% of the company's stock.

Insider Activity at Life Time Group

In other Life Time Group news, Director John G. Danhakl sold 11,655,582 shares of the firm's stock in a transaction dated 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 of the company's stock, 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 SEC, which can be accessed through this hyperlink. Also, Director John Kristofer Galashan sold 11,655,582 shares of the firm's stock in a transaction dated 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 directly owned 29,898,037 shares in the company, valued at approximately $878,404,327.06. The trade was a 28.05% decrease in their position. 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 three months. Company insiders own 8.70% of the company's stock.

Life Time Group Trading Up 2.8%

LTH stock traded up $0.79 during mid-day trading on Monday, hitting $28.64. 4,103,723 shares of the company were exchanged, compared to its average volume of 2,461,151. The business has a fifty day simple moving average of $28.98 and a 200-day simple moving average of $29.89. The firm has a market capitalization of $6.28 billion, a P/E ratio of 28.42 and a beta of 1.73. Life Time Group Holdings, Inc. has a 12-month low of $20.38 and a 12-month high of $34.99. The company has a quick ratio of 0.31, a current ratio of 0.43 and a debt-to-equity ratio of 0.55.

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

Analysts Set New Price Targets

A number of brokerages have issued reports on LTH. Wall Street Zen downgraded Life Time Group from a "buy" rating to a "hold" rating in a research report on Saturday. Morgan Stanley boosted their price target 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. Guggenheim reissued a "buy" rating and issued a $36.00 price target on shares of Life Time Group in a report on Tuesday, June 24th. Finally, Craig Hallum raised shares of Life Time Group to a "buy" rating and set a $45.00 price target for the company in a report 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. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target 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.