Quantinno Capital Management LP Purchases 62,393 Shares of Life Time Group Holdings, Inc. $LTH

Key Points

• Quantinno Capital Management increased its Life Time Group stake by 455.2% in the first quarter, purchasing 62,393 additional shares for a total position worth approximately $2.05 million.
• Life Time Group reported quarterly EPS of $0.48, beating estimates by $0.11, while revenue rose 13.7% year over year to $866 million. Shares recently traded at $42.56, down 2.9%.
• Analysts maintain a favorable outlook, with the stock carrying a consensus “Buy” rating and an average price target of $53.77, although insiders sold 12.35 million shares worth roughly $396.1 million over the past three months.

Quantinno Capital Management LP grew its position in Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 455.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 76,101 shares of the company's stock after purchasing an additional 62,393 shares during the quarter. Quantinno Capital Management LP's holdings in Life Time Group were worth $2,050,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Wexford Capital LP bought a new stake in Life Time Group in the 3rd quarter valued at $40,000. EverSource Wealth Advisors LLC increased its position in Life Time Group by 201.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,499 shares of the company's stock worth $45,000 after buying an additional 1,002 shares during the period. Kemnay Advisory Services Inc. acquired a new stake in shares of Life Time Group during the fourth quarter worth $73,000. Phillip James Consulting Co. acquired a new stake in shares of Life Time Group during the first quarter worth $91,000. Finally, Steward Partners Investment Advisory LLC boosted its position in shares of Life Time Group by 13.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 6,119 shares of the company's stock valued at $163,000 after acquiring an additional 717 shares during the period. Institutional investors own 79.40% of the company's stock.

Life Time Group Trading Down 2.9%

Shares of LTH opened at $42.56 on Tuesday. Life Time Group Holdings, Inc. has a 52-week low of $24.14 and a 52-week high of $47.24. The business's fifty day moving average is $39.82 and its 200-day moving average is $32.66. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.56 and a current ratio of 0.66. The firm has a market cap of $9.51 billion, a price-to-earnings ratio of 23.13, a PEG ratio of 1.61 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 for the quarter, topping 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 the consensus estimate of $845.75 million. During the same period in the prior year, the company earned $0.37 EPS. Life Time Group's revenue for the quarter was up 13.7% on a year-over-year basis. Equities analysts anticipate that Life Time Group Holdings, Inc. will post 1.57 EPS for the current fiscal year.

Insider Transactions at Life Time Group

In other Life Time Group news, Director John Kristofer Galashan sold 3,006,100 shares of the firm's stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $32.51, for a total value of $97,728,311.00. Following the sale, the director owned 13,236,283 shares in the company, valued at $430,311,560.33. This trade represents a 18.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Partners Group Private Equity sold 449,960 shares of the firm's stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $32.51, for a total transaction of $14,628,199.60. Following the completion of the sale, the insider owned 1,981,243 shares in the company, valued at $64,410,209.93. This represents a 18.51% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 12,346,029 shares of company stock valued at $396,108,368. 13.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on LTH. Deutsche Bank Aktiengesellschaft set a $54.00 price target on shares of Life Time Group in a research note on Friday, July 31st. KeyCorp boosted their price objective on shares of Life Time Group from $40.00 to $52.00 and gave the company an "overweight" rating in a report on Friday, July 31st. Oppenheimer raised their target price on shares of Life Time Group from $43.00 to $60.00 and gave the stock an "outperform" rating in a report on Thursday, June 25th. Jefferies Financial Group raised their target price on shares of Life Time Group from $41.00 to $51.00 and gave the stock a "buy" rating in a report on Monday, June 29th. Finally, Bank of America reiterated a "buy" rating and issued a $51.00 price target on shares of Life Time Group in a research note on Friday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating and thirteen have assigned a Buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $53.77.

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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