Tudor Investment Corp ET AL Sells 600,052 Shares of Life Time Group Holdings, Inc. $LTH

Key Points

• Tudor Investment Corp ET AL cut its stake in Life Time Group (LTH) by 83.3% in Q3, selling 600,052 shares and retaining 120,525 shares worth about $3.33 million.
• Company insiders have sold a total of 31,850 shares (worth $909,324) in the last 90 days — including EVP Parham Javaheri and EVP Ritadhwaja Jebens Singh — leaving insiders with roughly 13.3% ownership.
• Life Time beat estimates for the quarter (EPS $0.34 vs. $0.33; revenue $745.1M vs. $740.09M), the stock has a ~$5.9B market cap, and analysts hold a consensus "Moderate Buy" target of $40.13.

Tudor Investment Corp ET AL lowered its position in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 83.3% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 120,525 shares of the company's stock after selling 600,052 shares during the quarter. Tudor Investment Corp ET AL owned about 0.05% of Life Time Group worth $3,326,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of LTH. Vanguard Group Inc. increased its position in Life Time Group by 2.9% during the third quarter. Vanguard Group Inc. now owns 13,500,274 shares of the company's stock worth $372,608,000 after acquiring an additional 374,833 shares during the period. Ameriprise Financial Inc. boosted its holdings in Life Time Group by 41.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 7,157,957 shares of the company's stock valued at $216,644,000 after purchasing an additional 2,091,712 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Life Time Group by 9.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 5,959,990 shares of the company's stock worth $164,504,000 after purchasing an additional 537,121 shares in the last quarter. Wellington Management Group LLP grew its position in shares of Life Time Group by 129.3% during the 3rd quarter. Wellington Management Group LLP now owns 5,828,546 shares of the company's stock worth $160,868,000 after purchasing an additional 3,286,229 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of Life Time Group by 102.1% during the third quarter. Bank of America Corp DE now owns 4,268,011 shares of the company's stock worth $117,797,000 after purchasing an additional 2,156,033 shares during the period. Institutional investors own 79.40% of the company's stock.

Insider Transactions at Life Time Group

In other news, EVP Parham Javaheri sold 11,060 shares of the company's stock in a transaction on Friday, March 13th. The shares were sold at an average price of $26.46, for a total value of $292,647.60. Following the sale, the executive vice president directly owned 315,175 shares of the company's stock, valued at approximately $8,339,530.50. This represents a 3.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Ritadhwaja Jebens Singh sold 12,088 shares of Life Time Group stock in a transaction on Friday, January 23rd. The stock was sold at an average price of $29.75, for a total transaction of $359,618.00. Following the transaction, the executive vice president directly owned 110,967 shares of the company's stock, valued at $3,301,268.25. This represents a 9.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 31,850 shares of company stock worth $909,324 over the last ninety days. 13.30% of the stock is owned by insiders.

Life Time Group Price Performance

Shares of LTH opened at $26.61 on Friday. The business has a 50-day simple moving average of $27.79 and a two-hundred day simple moving average of $27.02. Life Time Group Holdings, Inc. has a 12-month low of $24.14 and a 12-month high of $34.99. The company has a quick ratio of 0.52, a current ratio of 0.63 and a debt-to-equity ratio of 0.48. The stock has a market cap of $5.90 billion, a PE ratio of 16.03, a PEG ratio of 1.17 and a beta of 1.69.

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

Analysts Set New Price Targets

LTH has been the subject of several recent research reports. Zacks Research upgraded Life Time Group from a "strong sell" rating to a "hold" rating in a research note on Monday, March 2nd. KeyCorp started coverage on Life Time Group in a report on Thursday, March 12th. They issued an "overweight" rating and a $40.00 price objective for the company. Guggenheim reissued a "buy" rating and set a $36.00 target price on shares of Life Time Group in a report on Friday, January 23rd. Morgan Stanley boosted their price target on Life Time Group from $37.00 to $38.00 and gave the company an "overweight" rating in a research note on Monday, February 23rd. Finally, Northland Securities set a $42.00 price objective on shares of Life Time Group in a research note on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $40.13.

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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