Nkcfo LLC Sells 14,000 Shares of Life Time Group Holdings, Inc. (NYSE:LTH)

Key Points

• Nkcfo LLC has reduced its position in Life Time Group Holdings, Inc. (NYSE:LTH) by 46.7%, ending the first quarter with 16,000 shares valued at $483,000 after selling 14,000 shares.
• Life Time Group reported a 39% increase in earnings per share, reaching $0.39, which exceeded analysts' expectations of $0.27, along with a revenue of $706.04 million in the most recent quarter.
• Analysts have a consensus rating of "Moderate Buy" for Life Time Group, with an average price target of $35.92, indicating positive sentiment on the stock's performance moving forward.

Nkcfo LLC decreased its holdings in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 46.7% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 16,000 shares of the company's stock after selling 14,000 shares during the period. Nkcfo LLC's holdings in Life Time Group were worth $483,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of LTH. Bank of New York Mellon Corp raised its holdings in shares of Life Time Group by 41.5% during the 1st quarter. Bank of New York Mellon Corp now owns 311,226 shares of the company's stock worth $9,399,000 after acquiring an additional 91,311 shares during the period. Norges Bank acquired a new position in shares of Life Time Group during the fourth quarter worth about $19,198,000. Stifel Financial Corp acquired a new position in shares of Life Time Group during the fourth quarter worth about $714,000. Renaissance Technologies LLC boosted its holdings in Life Time Group by 8.5% in the fourth quarter. Renaissance Technologies LLC now owns 608,900 shares of the company's stock valued at $13,469,000 after purchasing an additional 47,955 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Life Time Group by 2.1% in the fourth quarter. Geode Capital Management LLC now owns 1,529,949 shares of the company's stock valued at $33,851,000 after buying an additional 32,107 shares during the last quarter. Hedge funds and other institutional investors own 79.40% of the company's stock.

Insider Buying and Selling at Life Time Group

In other news, Director John G. Danhakl sold 11,655,582 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $29.38, for a total value of $342,440,999.16. Following the completion of the sale, the director directly owned 29,898,037 shares of the company's stock, valued at $878,404,327.06. This trade represents a 28.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director John Kristofer Galashan sold 11,655,582 shares of Life Time Group stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $29.38, for a total value of $342,440,999.16. Following the sale, the director directly owned 29,898,037 shares of the company's stock, valued at approximately $878,404,327.06. The trade was a 28.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,548,155 shares of company stock valued at $691,624,905 in the last 90 days. 8.70% of the stock is currently owned by corporate insiders.

Life Time Group Stock Performance

Shares of LTH stock traded down $0.35 during trading on Tuesday, reaching $28.69. The company had a trading volume of 1,826,665 shares, compared to its average volume of 2,527,979. The firm's 50 day simple moving average is $29.00 and its two-hundred day simple moving average is $29.79. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.43 and a quick ratio of 0.31. Life Time Group Holdings, Inc. has a one year low of $20.22 and a one year high of $34.99. The company has a market capitalization of $6.29 billion, a PE ratio of 29.88 and a beta of 1.74.

Life Time Group (NYSE:LTH - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.39 EPS for the quarter, topping analysts' consensus estimates of $0.27 by $0.12. The company had revenue of $706.04 million for the quarter, compared to analyst estimates of $684.06 million. Life Time Group had a return on equity of 8.29% and a net margin of 7.60%. The business's revenue was up 18.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.15 earnings per share. Sell-side analysts forecast that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Guggenheim reiterated a "buy" rating and issued a $36.00 price objective on shares of Life Time Group in a research report on Tuesday, June 24th. Morgan Stanley increased their target price on shares of Life Time Group from $33.00 to $34.00 and gave the stock an "equal weight" rating in a research report on Friday, May 9th. Finally, Craig Hallum raised shares of Life Time Group to a "buy" rating and set a $45.00 price objective for the company in a research report on Friday, May 23rd. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $35.92.

Life Time Group Company Profile

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.