Victory Capital Management Inc. Increases Stake in Life Time Group Holdings, Inc. (NYSE:LTH)

Key Points

• Victory Capital Management Inc. increased its stake in Life Time Group Holdings, Inc. by 94.5%, owning approximately 0.06% of the company valued at $3.9 million.
• Life Time Group reported a quarterly revenue of $706.04 million, surpassing analyst expectations, and had an EPS of $0.39, beating the consensus estimate of $0.27.
• Wall Street analysts maintain a positive outlook for Life Time Group, with a consensus rating of "Moderate Buy" and an average target price of $35.92.

Victory Capital Management Inc. increased its holdings in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 94.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 129,899 shares of the company's stock after buying an additional 63,115 shares during the period. Victory Capital Management Inc. owned about 0.06% of Life Time Group worth $3,923,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in LTH. Kapitalo Investimentos Ltda acquired a new stake in shares of Life Time Group in the 4th quarter worth $33,000. Sterling Capital Management LLC lifted its stake in shares of Life Time Group by 892.6% in the 4th quarter. Sterling Capital Management LLC now owns 2,025 shares of the company's stock worth $45,000 after acquiring an additional 1,821 shares during the period. Quarry LP lifted its stake in shares of Life Time Group by 240.4% in the 4th quarter. Quarry LP now owns 2,335 shares of the company's stock worth $52,000 after acquiring an additional 1,649 shares during the period. Amalgamated Bank lifted its stake in shares of Life Time Group by 42.3% in the 1st quarter. Amalgamated Bank now owns 2,898 shares of the company's stock worth $88,000 after acquiring an additional 862 shares during the period. Finally, Dnca Finance lifted its stake in shares of Life Time Group by 11.9% in the 4th quarter. Dnca Finance now owns 3,830 shares of the company's stock worth $85,000 after acquiring an additional 407 shares during the period. 79.40% of the stock is owned by hedge funds and other institutional investors.

Life Time Group Stock Up 0.5%

Shares of NYSE:LTH opened at $29.23 on Monday. The stock has a market capitalization of $6.41 billion, a price-to-earnings ratio of 30.44 and a beta of 1.74. Life Time Group Holdings, Inc. has a 1-year low of $20.22 and a 1-year high of $34.99. The company's fifty day moving average is $29.01 and its two-hundred day moving average is $29.75. 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 earnings results on Thursday, May 8th. The company reported $0.39 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $706.04 million for the quarter, compared to analysts' expectations of $684.06 million. During the same quarter last year, the company earned $0.15 EPS. Life Time Group's quarterly revenue was up 18.3% on a year-over-year basis. Equities analysts anticipate that Life Time Group Holdings, Inc. will post 0.74 EPS for the current year.

Insider Activity

In other Life Time Group news, EVP Ritadhwaja Jebens Singh sold 134,247 shares of Life Time Group stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $28.80, for a total value of $3,866,313.60. Following the completion of the sale, the executive vice president directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John G. Danhakl sold 11,655,582 shares of the business's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $29.38, for a total transaction of $342,440,999.16. Following the transaction, the director directly owned 29,898,037 shares in the company, valued at $878,404,327.06. This trade represents a 28.05% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,548,155 shares of company stock valued at $691,624,905 in the last three months. 8.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Morgan Stanley increased their target price on shares of Life Time Group from $33.00 to $34.00 and gave the company an "equal weight" rating in a report on Friday, May 9th. Craig Hallum raised 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. Finally, Guggenheim reaffirmed a "buy" rating and issued a $36.00 target price on shares of Life Time Group in a report on Tuesday, June 24th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, Life Time Group has a consensus rating of "Moderate Buy" and a consensus target price of $35.92.

About Life Time Group

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.

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