Maven Securities LTD Buys Shares of 25,314 Life Time Group Holdings, Inc. $LTH

Key Points

• Maven Securities initiated a position in Life Time Group by purchasing 25,314 shares worth approximately $1.03 million, while institutional investors collectively own 79.4% of the company.
• Life Time Group exceeded quarterly expectations, reporting EPS of $0.48 versus the $0.37 consensus and revenue of $866 million, up 13.7% year over year. Analysts maintain a consensus “Buy” rating with an average price target of $54.85.
• Despite the positive earnings and analyst outlook, insiders sold 6.86 million shares worth approximately $301.4 million over the past 90 days, including a director’s sale of nearly 2.9 million shares.

Maven Securities LTD purchased a new position in Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 25,314 shares of the company's stock, valued at approximately $1,034,000.

A number of other institutional investors have also recently made changes to their positions in LTH. Thrivent Financial for Lutherans bought a new position in Life Time Group during the fourth quarter valued at approximately $41,721,000. Handelsbanken Fonder AB raised its stake in shares of Life Time Group by 138.3% during the second quarter. Handelsbanken Fonder AB now owns 63,400 shares of the company's stock worth $2,589,000 after acquiring an additional 36,800 shares in the last quarter. Quantinno Capital Management LP lifted its holdings in shares of Life Time Group by 455.2% in the 1st quarter. Quantinno Capital Management LP now owns 76,101 shares of the company's stock worth $2,050,000 after acquiring an additional 62,393 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Life Time Group by 6.3% in the 4th quarter. Geode Capital Management LLC now owns 3,519,811 shares of the company's stock valued at $93,572,000 after purchasing an additional 207,822 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Life Time Group in the 4th quarter valued at $49,228,000. Institutional investors own 79.40% of the company's stock.

Life Time Group Trading Down 1.9%

Shares of LTH opened at $42.42 on Wednesday. The stock has a market capitalization of $9.48 billion, a P/E ratio of 23.05, a PEG ratio of 1.56 and a beta of 1.48. The company has a quick ratio of 0.56, a current ratio of 0.66 and a debt-to-equity ratio of 0.44. The firm has a fifty day simple moving average of $43.29 and a two-hundred day simple moving average of $34.83. Life Time Group Holdings, Inc. has a twelve month low of $24.14 and a twelve month high of $47.24.

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on LTH shares. Northland Securities set a $57.00 target price on shares of Life Time Group in a research report on Friday, July 31st. The Goldman Sachs Group began coverage on Life Time Group in a research note on Monday, August 3rd. They set a "buy" rating and a $53.00 price objective on the stock. Oppenheimer lifted their price objective on Life Time Group from $43.00 to $60.00 and gave the stock an "outperform" rating in a report on Thursday, June 25th. KeyCorp boosted their target price on Life Time Group from $40.00 to $52.00 and gave the company an "overweight" rating in a research note on Friday, July 31st. Finally, Guggenheim restated a "buy" rating and set a $50.00 target price on shares of Life Time Group in a report on Wednesday, August 12th. Two investment analysts have rated the stock with a Strong Buy rating and thirteen have given a Buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $54.85.

Insider Buying and Selling

In other Life Time Group news, EVP Ritadhwaja Singh sold 5,666 shares of the stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $44.00, for a total value of $249,304.00. Following the completion of the sale, the executive vice president owned 138,351 shares in the company, valued at approximately $6,087,444. This trade represents a 3.93% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director John Galashan sold 2,879,154 shares of Life Time Group stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $43.80, for a total value of $126,106,945.20. Following the completion of the sale, the director owned 3,029,450 shares in the company, valued at approximately $132,689,910. This represents a 48.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 6,860,173 shares of company stock valued at $301,356,840 over the last ninety days. Corporate insiders own 13.30% of the company's stock.

Life Time Group Company Profile

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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