Life Time Group Holdings, Inc. $LTH Shares Sold by Tudor Investment Corp ET AL

Key Points

• Tudor Investment Corp cut its stake in Life Time Group by 83.3% in Q3, selling 600,052 shares and leaving 120,525 shares valued at about $3.33 million.
• Life Time beat Q4 expectations with $0.34 EPS (vs. $0.33 est.) and revenue of $745.1M (up 12.3% year-over-year), showing a 12.51% net margin and 10.2% ROE.
• Wall Street sentiment is positive with a consensus rating of “Moderate Buy” and a consensus price target of $40.13, supported by multiple recent buy/overweight initiations.

Tudor Investment Corp ET AL trimmed its holdings in Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 83.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 120,525 shares of the company's stock after selling 600,052 shares during the period. Tudor Investment Corp ET AL owned 0.05% of Life Time Group worth $3,326,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of LTH. Royal Bank of Canada raised its position in shares of Life Time Group by 140.4% in the first quarter. Royal Bank of Canada now owns 54,380 shares of the company's stock valued at $1,642,000 after buying an additional 31,762 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Life Time Group by 25.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 70,855 shares of the company's stock worth $2,140,000 after purchasing an additional 14,267 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Life Time Group by 143.7% during the first quarter. Goldman Sachs Group Inc. now owns 2,422,304 shares of the company's stock worth $73,154,000 after purchasing an additional 1,428,446 shares during the last quarter. Caxton Associates LLP acquired a new stake in Life Time Group during the first quarter worth about $221,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Life Time Group by 47.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 199,287 shares of the company's stock worth $6,018,000 after purchasing an additional 64,348 shares during the last quarter. 79.40% of the stock is currently owned by institutional investors and hedge funds.

Life Time Group Price Performance

Shares of LTH opened at $27.95 on Friday. Life Time Group Holdings, Inc. has a 1-year low of $24.14 and a 1-year high of $34.99. The stock has a market cap of $6.20 billion, a PE ratio of 16.84, a P/E/G ratio of 1.24 and a beta of 1.64. The firm has a 50-day simple moving average of $27.50 and a two-hundred day simple moving average of $26.93. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.63 and a quick ratio of 0.52.

Life Time Group (NYSE:LTH - Get Free Report) last announced its quarterly earnings results on Tuesday, February 24th. The company reported $0.34 earnings per share for the quarter, beating analysts' consensus estimates of $0.33 by $0.01. Life Time Group had a net margin of 12.51% and a return on equity of 10.20%. The business had revenue of $745.10 million during the quarter, compared to analysts' expectations of $740.09 million. During the same period last year, the business earned $0.27 earnings per share. The business's revenue for the quarter was up 12.3% on a year-over-year basis. As a group, analysts forecast that Life Time Group Holdings, Inc. will post 0.74 EPS for the current year.

Insider Buying and Selling at Life Time Group

In other Life Time Group news, EVP Ritadhwaja Jebens Singh sold 5,880 shares of Life Time Group stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $30.31, for a total transaction of $178,222.80. Following the completion of the sale, the executive vice president directly owned 102,144 shares in the company, valued at $3,095,984.64. This trade represents a 5.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Parham Javaheri sold 11,060 shares of Life Time Group stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $26.46, for a total transaction of $292,647.60. Following the sale, the executive vice president owned 315,175 shares of the company's stock, valued at approximately $8,339,530.50. This represents a 3.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 31,850 shares of company stock worth $909,324 over the last three months. Insiders own 13.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on LTH. Guggenheim restated a "buy" rating and set a $36.00 price objective on shares of Life Time Group in a research report on Friday, January 23rd. Jefferies Financial Group began coverage on shares of Life Time Group in a research report on Tuesday, March 10th. They set a "buy" rating and a $40.00 price objective for the company. Wells Fargo & Company began coverage on shares of Life Time Group in a research report on Wednesday, March 11th. They set an "overweight" rating and a $37.00 price objective for the company. Zacks Research upgraded shares of Life Time Group from a "strong sell" rating to a "hold" rating in a research report on Monday, March 2nd. Finally, UBS Group restated a "buy" rating and set a $43.00 price objective on shares of Life Time Group in a research report on Thursday, March 12th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Life Time Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $40.13.

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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