Nkcfo LLC Has $483,000 Position in 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% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,000 shares of the company's stock after selling 14,000 shares during the quarter. Nkcfo LLC's holdings in Life Time Group were worth $483,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Dnca Finance boosted its holdings in Life Time Group by 11.9% during the fourth quarter. Dnca Finance now owns 3,830 shares of the company's stock worth $85,000 after purchasing an additional 407 shares during the last quarter. Summit Investment Advisors Inc. boosted its holdings in Life Time Group by 12.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 6,478 shares of the company's stock worth $143,000 after purchasing an additional 712 shares during the last quarter. Amalgamated Bank boosted its holdings in Life Time Group by 42.3% during the first quarter. Amalgamated Bank now owns 2,898 shares of the company's stock worth $88,000 after purchasing an additional 862 shares during the last quarter. Sherbrooke Park Advisers LLC boosted its holdings in Life Time Group by 10.3% during the fourth quarter. Sherbrooke Park Advisers LLC now owns 13,151 shares of the company's stock worth $291,000 after purchasing an additional 1,224 shares during the last quarter. Finally, SG Americas Securities LLC boosted its holdings in Life Time Group by 12.4% during the first quarter. SG Americas Securities LLC now owns 11,485 shares of the company's stock worth $347,000 after purchasing an additional 1,269 shares during the last quarter. Institutional investors and hedge funds own 79.40% of the company's stock.

Analyst Upgrades and Downgrades

LTH has been the subject of several recent research reports. Craig Hallum upgraded shares of Life Time Group to a "buy" rating and set a $45.00 target price for the company in a report on Friday, May 23rd. Guggenheim reaffirmed a "buy" rating and set a $36.00 price target on shares of Life Time Group in a research report on Tuesday, June 24th. Finally, Morgan Stanley upped their price target 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. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Life Time Group has an average rating of "Moderate Buy" and a consensus target price of $35.92.

Life Time Group Stock Performance

NYSE:LTH traded down $0.31 during mid-day trading on Thursday, reaching $28.94. 949,862 shares of the company's stock were exchanged, compared to its average volume of 2,518,699. Life Time Group Holdings, Inc. has a one year low of $20.38 and a one year high of $34.99. The firm has a market capitalization of $6.35 billion, a PE ratio of 30.16 and a beta of 1.74. The business's fifty day simple moving average is $29.01 and its two-hundred day simple moving average is $29.78. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.31 and a current ratio of 0.43.

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

Insider Activity

In other Life Time Group news, Director John G. Danhakl sold 11,655,582 shares of the stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $29.38, for a total transaction of $342,440,999.16. Following the sale, the director directly owned 29,898,037 shares in the company, valued at $878,404,327.06. This represents a 28.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Ritadhwaja Jebens Singh sold 134,247 shares of the stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $28.80, for a total transaction of $3,866,313.60. Following the sale, the executive vice president owned 133,189 shares in the company, valued at $3,835,843.20. The trade was a 50.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 23,548,155 shares of company stock valued at $691,624,905. Company insiders own 8.70% of the company's stock.

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.