Royce & Associates LP Has $5.56 Million Stake in Life Time Group Holdings, Inc. $LTH

Key Points

• Royce & Associates increased its stake in Life Time Group by 24% in Q3 to 201,544 shares worth $5.56 million, representing about 0.09% of the company.
• Insiders have been net sellers: the CFO sold 1,493 shares and the EVP sold 12,088 shares, with insiders offloading 20,790 shares (≈$616,677) over the past three months; insiders now own 8.7% of the stock.
• Life Time beat its latest quarter with $0.34 EPS vs. $0.33 expected and revenue of $745.1M (up 12.3% YoY); analysts have a consensus Moderate Buy rating and a $39.50 average price target.

Royce & Associates LP lifted its position in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 24.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 201,544 shares of the company's stock after buying an additional 39,004 shares during the quarter. Royce & Associates LP owned about 0.09% of Life Time Group worth $5,563,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. EverSource Wealth Advisors LLC raised its position in shares of Life Time Group by 201.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,499 shares of the company's stock worth $45,000 after acquiring an additional 1,002 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in Life Time Group by 98.9% in the second quarter. Nisa Investment Advisors LLC now owns 1,506 shares of the company's stock worth $46,000 after purchasing an additional 749 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its stake in Life Time Group by 2,741.7% in the second quarter. Steward Partners Investment Advisory LLC now owns 1,705 shares of the company's stock valued at $52,000 after buying an additional 1,645 shares during the period. Asset Management One Co. Ltd. bought a new position in shares of Life Time Group during the 3rd quarter worth approximately $69,000. Finally, SBI Securities Co. Ltd. boosted its holdings in shares of Life Time Group by 19.6% during the 3rd quarter. SBI Securities Co. Ltd. now owns 4,222 shares of the company's stock worth $117,000 after buying an additional 693 shares in the last quarter. Institutional investors and hedge funds own 79.40% of the company's stock.

Insider Transactions at Life Time Group

In related news, CFO Erik Weaver sold 1,493 shares of the business's stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $29.90, for a total transaction of $44,640.70. Following the transaction, the chief financial officer directly owned 77,771 shares in the company, valued at approximately $2,325,352.90. The trade was a 1.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Ritadhwaja Jebens Singh sold 12,088 shares of the stock in a transaction dated Friday, January 23rd. The shares were sold at an average price of $29.75, for a total transaction of $359,618.00. Following the completion of the sale, the executive vice president owned 110,967 shares of the company's stock, valued at approximately $3,301,268.25. This trade represents a 9.82% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 20,790 shares of company stock worth $616,677 over the last three months. 8.70% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on LTH. Zacks Research upgraded shares of Life Time Group from a "strong sell" rating to a "hold" rating in a research report on Monday. Morgan Stanley increased their price objective on shares of Life Time Group from $37.00 to $38.00 and gave the stock an "overweight" rating in a research report on Monday, February 23rd. Weiss Ratings restated a "hold (c+)" rating on shares of Life Time Group in a research note on Thursday, January 22nd. Guggenheim reaffirmed a "buy" rating and set a $36.00 price target on shares of Life Time Group in a research note on Friday, January 23rd. Finally, Northland Securities set a $42.00 price target on Life Time Group in a report on Friday, January 23rd. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $39.50.

Life Time Group Stock Up 0.4%

LTH stock opened at $26.26 on Thursday. The firm has a market capitalization of $5.82 billion, a PE ratio of 15.82, a P/E/G ratio of 1.17 and a beta of 1.69. The company has a quick ratio of 0.52, a current ratio of 0.63 and a debt-to-equity ratio of 0.48. Life Time Group Holdings, Inc. has a twelve month low of $24.14 and a twelve month high of $34.99. The stock's 50 day moving average is $28.11 and its 200-day moving average is $27.24.

Life Time Group (NYSE:LTH - Get Free Report) last released its quarterly earnings results on Tuesday, February 24th. The company reported $0.34 EPS for the quarter, beating analysts' consensus estimates of $0.33 by $0.01. Life Time Group had a return on equity of 10.20% and a net margin of 12.51%.The business had revenue of $745.10 million during the quarter, compared to analyst estimates of $740.09 million. During the same period in the prior year, the firm posted $0.27 EPS. Life Time Group's quarterly revenue was up 12.3% compared to the same quarter last year. Sell-side analysts expect that Life Time Group Holdings, Inc. will post 0.74 EPS for the current fiscal year.

Life Time Group 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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