Life Time Group Holdings, Inc. $LTH Holdings Increased by Moody Aldrich Partners LLC

Key Points

• Moody Aldrich Partners more than doubled its Life Time Group stake by 123.4% in the third quarter, acquiring 106,822 additional shares for a total position valued at approximately $7.7 million. Institutional investors collectively own 79.4% of the company.
• Life Time Group reported quarterly earnings of $0.48 per share, beating estimates by $0.11, while revenue rose 13.7% year over year to $866 million. Analysts maintain a consensus “Buy” rating with an average price target of $55.36.
• Insiders sold significant amounts of stock, including CEO Bahram Akradi’s sale of approximately $19.7 million in shares and EVP Ritadhwaja Singh’s $6.5 million sale; insiders sold nearly $306.3 million worth of stock during the quarter.

Moody Aldrich Partners LLC grew its stake in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 123.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 193,409 shares of the company's stock after acquiring an additional 106,822 shares during the quarter. Life Time Group comprises about 1.5% of Moody Aldrich Partners LLC's holdings, making the stock its 9th largest position. Moody Aldrich Partners LLC owned 0.09% of Life Time Group worth $7,713,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Sterling Capital Management LLC boosted its position in shares of Life Time Group by 12.6% in the third quarter. Sterling Capital Management LLC now owns 3,166 shares of the company's stock worth $126,000 after acquiring an additional 355 shares during the last quarter. Arizona State Retirement System increased its position in Life Time Group by 1.0% during the second quarter. Arizona State Retirement System now owns 39,782 shares of the company's stock worth $1,625,000 after purchasing an additional 412 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in Life Time Group by 49.5% during the first quarter. EverSource Wealth Advisors LLC now owns 1,772 shares of the company's stock worth $48,000 after purchasing an additional 587 shares during the last quarter. Root Financial Partners LLC acquired a new position in Life Time Group during the third quarter worth approximately $36,000. Finally, GAMMA Investing LLC raised its stake in Life Time Group by 24.8% during the third quarter. GAMMA Investing LLC now owns 4,799 shares of the company's stock worth $191,000 after purchasing an additional 955 shares during the period. 79.40% of the stock is currently owned by hedge funds and other institutional investors.

Life Time Group Stock Down 2.3%

LTH opened at $43.06 on Thursday. The firm has a 50 day moving average price of $41.67 and a 200 day moving average price of $35.07. The company has a market cap of $9.62 billion, a PE ratio of 23.40, a price-to-earnings-growth ratio of 1.51 and a beta of 1.49. Life Time Group Holdings, Inc. has a 1 year low of $24.14 and a 1 year high of $47.24. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.56 and a current ratio of 0.66.

Life Time Group (NYSE:LTH - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.37 by $0.11. The firm had revenue of $866.00 million for the quarter, compared to analyst estimates of $845.75 million. Life Time Group had a net margin of 13.07% and a return on equity of 10.56%. Life Time Group's revenue for the quarter was up 13.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.37 earnings per share. Sell-side analysts expect that Life Time Group Holdings, Inc. will post 1.59 earnings per share for the current year.

Insider Activity at Life Time Group

In other news, CEO Bahram Akradi sold 438,257 shares of the firm's stock in a transaction on Friday, July 31st. The shares were sold at an average price of $45.03, for a total value of $19,734,712.71. Following the transaction, the chief executive officer owned 3,615,086 shares of the company's stock, valued at approximately $162,787,322.58. This trade represents a 10.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Ritadhwaja Singh sold 154,912 shares of Life Time Group stock in a transaction on Friday, September 11th. The shares were sold at an average price of $42.00, for a total transaction of $6,506,304.00. Following the transaction, the executive vice president owned 138,351 shares in the company, valued at $5,810,742. The trade was a 52.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 6,971,850 shares of company stock valued at $306,262,084 over the last quarter. Company insiders own 13.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on LTH shares. Barclays assumed coverage on shares of Life Time Group in a report on Monday. They issued an "overweight" rating and a $51.00 price target on the stock. KeyCorp upped their price objective on Life Time Group from $40.00 to $52.00 and gave the stock an "overweight" rating in a report on Friday, July 31st. The Goldman Sachs Group initiated coverage on Life Time Group in a report on Monday, August 3rd. They set a "buy" rating and a $53.00 price objective for the company. Zacks Research lowered Life Time Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 19th. Finally, Jefferies Financial Group reiterated a "buy" rating on shares of Life Time Group in a report on Wednesday, September 23rd. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $55.36.

Life Time Group Profile

Life Time Group Holdings, Inc NYSE: LTH operates a network of luxury athletic country clubs in the United States and Canada. The company's facilities combine fitness, sports, health, and wellness services in an integrated club environment designed for individuals and families.

Life Time clubs typically offer cardiovascular and strength-training equipment, group fitness classes, personal training, indoor and outdoor pools, tennis, pickleball, basketball, and other athletic programs. Many locations also provide childcare, spas, cafés, workspaces, recovery services, and specialized programs for children, older adults, and other member groups.

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