Universal Beteiligungs und Servicegesellschaft mbH Sells 113,249 Shares of Life Time Group Holdings, Inc. $LTH

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH cut its stake in Life Time Group by 45.7%, selling 113,249 shares in Q4 and now holds 134,639 shares worth $3.58 million (about 0.06% of the company).
• Insiders have been net sellers—19,762 shares worth $549,706 sold in the last three months (including CFO Erik Weaver and EVP Ritadhwaja Jebens Singh)—leaving insiders with 13.3% ownership while institutions hold 79.4%.
• Wall Street is broadly positive: the consensus rating is Buy with an average target of $40.13; Life Time recently beat EPS and revenue estimates, reported 12.3% year-over-year revenue growth, and trades at a $5.82 billion market cap with a PE of 15.8.

Universal Beteiligungs und Servicegesellschaft mbH lessened its position in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 45.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 134,639 shares of the company's stock after selling 113,249 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned 0.06% of Life Time Group worth $3,579,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its stake 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 buying an additional 374,833 shares during the last quarter. BlueCrest Capital Management Ltd bought a new position in Life Time Group during the third quarter worth $8,280,000. ABN Amro Investment Solutions bought a new position in Life Time Group during the third quarter worth $2,535,000. TD Asset Management Inc raised its stake in Life Time Group by 158.1% during the third quarter. TD Asset Management Inc now owns 76,436 shares of the company's stock worth $2,110,000 after buying an additional 46,822 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Life Time Group by 9.9% during the third quarter. Dimensional Fund Advisors LP now owns 5,959,990 shares of the company's stock worth $164,504,000 after buying an additional 537,121 shares during the last quarter. Institutional investors own 79.40% of the company's stock.

Insider Transactions at Life Time Group

In other news, CFO Erik Weaver sold 1,329 shares of the business's stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $25.73, for a total transaction of $34,195.17. Following the completion of the sale, the chief financial officer directly owned 136,166 shares of the company's stock, valued at $3,503,551.18. The trade was a 0.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Ritadhwaja Jebens Singh sold 5,880 shares of the business's stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $30.31, for a total transaction of $178,222.80. Following the transaction, the executive vice president owned 102,144 shares in the company, valued at approximately $3,095,984.64. This trade represents a 5.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 19,762 shares of company stock valued at $549,706 over the last three months. Corporate insiders own 13.30% of the company's stock.

Wall Street Analyst Weigh In

LTH has been the subject of several research analyst reports. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Life Time Group in a research note on Thursday, January 22nd. UBS Group reaffirmed a "buy" rating and issued a $43.00 price target on shares of Life Time Group in a research note on Thursday, March 12th. KeyCorp initiated coverage on shares of Life Time Group in a research note on Thursday, March 12th. They issued an "overweight" rating and a $40.00 price target for the company. Zacks Research raised shares of Life Time Group from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 24th. Finally, Morgan Stanley lifted their price target on shares of Life Time Group from $37.00 to $38.00 and gave the company an "overweight" rating in a research note on Monday, February 23rd. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Buy" and an average target price of $40.13.

Life Time Group Trading Down 0.2%

NYSE:LTH opened at $26.24 on Thursday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.63 and a quick ratio of 0.52. The firm has a 50-day moving average of $26.99 and a 200-day moving average of $26.96. The company has a market cap of $5.82 billion, a PE ratio of 15.81, a PEG ratio of 1.11 and a beta of 1.64. Life Time Group Holdings, Inc. has a one year low of $24.14 and a one year high of $34.99.

Life Time Group (NYSE:LTH - Get Free Report) last posted its earnings results on Tuesday, February 24th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.33 by $0.01. The company had revenue of $745.10 million during the quarter, compared to the consensus estimate 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 revenue for the quarter was up 12.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.27 earnings per share. As a group, equities research analysts expect that Life Time Group Holdings, Inc. will post 1.47 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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