GSA Capital Partners LLP lessened its stake in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 31.6% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 28,244 shares of the company's stock after selling 13,024 shares during the period. GSA Capital Partners LLP's holdings in Life Time Group were worth $853,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of the business. Kapitalo Investimentos Ltda purchased a new stake in shares of Life Time Group during the fourth quarter valued at $33,000. Sterling Capital Management LLC increased its stake in Life Time Group by 892.6% during 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 in the last quarter. Quarry LP increased its stake in Life Time Group by 240.4% during 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 in the last quarter. Dnca Finance boosted its holdings in shares of Life Time Group by 11.9% during the 4th quarter. Dnca Finance now owns 3,830 shares of the company's stock worth $85,000 after purchasing an additional 407 shares during the last quarter. Finally, Amalgamated Bank boosted its holdings in shares of Life Time Group by 42.3% during the 1st quarter. Amalgamated Bank now owns 2,898 shares of the company's stock worth $88,000 after purchasing an additional 862 shares during the last quarter. Institutional investors own 79.40% of the company's stock.
Analyst Upgrades and Downgrades
LTH has been the topic of several analyst reports. Wall Street Zen lowered shares of Life Time Group from a "buy" rating to a "hold" rating in a research report on Saturday. Guggenheim reiterated a "buy" rating and set a $36.00 target price on shares of Life Time Group in a research note on Tuesday, June 24th. Morgan Stanley upped 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 report on Friday, May 9th. 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's stock. According to MarketBeat.com, Life Time Group has a consensus rating of "Moderate Buy" and an average price target of $35.92.
Get Our Latest Research Report on LTH
Insider Transactions at Life Time Group
In related news, EVP Parham Javaheri sold 84,744 shares of Life Time Group stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $27.84, for a total value of $2,359,272.96. Following the sale, the executive vice president directly owned 249,526 shares in the company, valued at $6,946,803.84. This trade represents a 25.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John Kristofer Galashan sold 11,655,582 shares of Life Time Group 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 owned 29,898,037 shares in the company, valued at approximately $878,404,327.06. This represents a 28.05% decrease in their ownership of the stock. 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 over the last 90 days. Corporate insiders own 8.70% of the company's stock.
Life Time Group Stock Performance
Shares of NYSE LTH traded up $0.79 during midday trading on Monday, hitting $28.64. The company's stock had a trading volume of 4,103,723 shares, compared to its average volume of 2,461,151. Life Time Group Holdings, Inc. has a 1-year low of $20.38 and a 1-year high of $34.99. The firm's fifty day moving average price is $28.98 and its 200-day moving average price is $29.89. 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 firm has a market cap of $6.28 billion, a P/E ratio of 28.42 and a beta of 1.73.
Life Time Group (NYSE:LTH - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.27 by $0.12. Life Time Group had a net margin of 7.60% and a return on equity of 8.29%. The business had revenue of $706.04 million during the quarter, compared to analyst estimates of $684.06 million. During the same period in the previous year, the business posted $0.15 EPS. The company's quarterly revenue was up 18.3% on a year-over-year basis. On average, sell-side analysts forecast that Life Time Group Holdings, Inc. will post 0.74 EPS for the current fiscal year.
Life Time Group Profile
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Free Report)
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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