Life Time Group Holdings, Inc. $LTH Shares Sold by Braun Stacey Associates Inc.

Braun Stacey Associates Inc. lessened its stake in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 3.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 780,570 shares of the company's stock after selling 25,885 shares during the quarter. Braun Stacey Associates Inc. owned 0.35% of Life Time Group worth $31,878,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Kestra Advisory Services LLC boosted its position in shares of Life Time Group by 4.0% during the 4th quarter. Kestra Advisory Services LLC now owns 10,950 shares of the company's stock worth $291,000 after purchasing an additional 420 shares during the period. Harbour Investments Inc. increased its holdings in Life Time Group by 8.8% in the 4th quarter. Harbour Investments Inc. now owns 6,387 shares of the company's stock valued at $170,000 after purchasing an additional 516 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in Life Time Group by 49.5% in the first quarter. EverSource Wealth Advisors LLC now owns 1,772 shares of the company's stock valued at $48,000 after purchasing an additional 587 shares during the period. Strs Ohio raised its position in Life Time Group by 10.0% in the fourth quarter. Strs Ohio now owns 6,600 shares of the company's stock valued at $175,000 after purchasing an additional 600 shares during the period. Finally, Steward Partners Investment Advisory LLC lifted its stake in Life Time Group by 13.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 6,119 shares of the company's stock worth $163,000 after purchasing an additional 717 shares in the last quarter. 79.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Mizuho increased their target price on Life Time Group from $63.00 to $64.00 and gave the stock an "outperform" rating in a research note on Friday, July 31st. Jefferies Financial Group lifted their target price on Life Time Group from $41.00 to $51.00 and gave the company a "buy" rating in a research report on Monday, June 29th. Northland Securities set a $57.00 price target on shares of Life Time Group in a research report on Friday, July 31st. Bank of America reissued a "buy" rating and set a $51.00 price target on shares of Life Time Group in a research report on Friday, July 31st. Finally, Oppenheimer lifted their price objective on shares of Life Time Group from $43.00 to $60.00 and gave the company an "outperform" rating in a report on Thursday, June 25th. Two analysts have rated the stock with a Strong Buy rating and thirteen have given a Buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $54.85.

Life Time Group Price Performance

Shares of NYSE LTH opened at $43.58 on Friday. The stock's 50-day moving average is $42.85 and its two-hundred day moving average is $34.14. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.66 and a quick ratio of 0.56. 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 market cap of $9.74 billion, a price-to-earnings ratio of 23.68, a price-to-earnings-growth ratio of 1.60 and a beta of 1.50.

Life Time Group (NYSE:LTH - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.11. Life Time Group had a return on equity of 10.56% and a net margin of 13.07%.The business had revenue of $866.00 million during the quarter, compared to analysts' expectations of $845.75 million. During the same quarter last year, the business posted $0.37 EPS. The business's quarterly revenue was up 13.7% compared to the same quarter last year. Analysts forecast that Life Time Group Holdings, Inc. will post 1.59 EPS for the current fiscal 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 sale, the chief executive officer directly owned 3,615,086 shares in the company, valued at approximately $162,787,322.58. This trade represents a 10.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John G. Danhakl sold 2,879,154 shares of Life Time Group stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $43.80, for a total transaction of $126,106,945.20. Following the sale, the director directly owned 3,029,450 shares of the company's stock, valued at approximately $132,689,910. This trade represents a 48.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 11,642,177 shares of company stock worth $438,237,437 over the last ninety days. 13.30% of the stock is currently owned by insiders.

About Life Time Group

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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