WINTON GROUP Ltd Grows Stock Holdings in Life Time Group Holdings, Inc. $LTH

Key Points

• WINTON GROUP Ltd increased its Life Time Group stake by 139.3% in the second quarter, ending with 93,307 shares valued at approximately $3.81 million. Institutional investors collectively own 79.4% of the company.
• Analysts remain broadly bullish, with the stock carrying an average “Buy” rating and a consensus price target of $54.85; recent target increases range as high as $60.
• Life Time reported a quarterly earnings beat, delivering $0.48 in EPS versus the $0.37 estimate and $866 million in revenue, up 13.7% year over year. However, insiders sold 6.86 million shares worth roughly $301.4 million over the past three months.

WINTON GROUP Ltd increased its position in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 139.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 93,307 shares of the company's stock after purchasing an additional 54,316 shares during the period. WINTON GROUP Ltd's holdings in Life Time Group were worth $3,811,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Royal Bank of Canada boosted its holdings in Life Time Group by 140.4% during the 1st quarter. Royal Bank of Canada now owns 54,380 shares of the company's stock valued at $1,642,000 after acquiring an additional 31,762 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Life Time Group by 25.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 70,855 shares of the company's stock worth $2,140,000 after acquiring an additional 14,267 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Life Time Group by 143.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,422,304 shares of the company's stock worth $73,154,000 after buying an additional 1,428,446 shares during the last quarter. Caxton Associates LLP purchased a new stake in Life Time Group in the first quarter valued at $221,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Life Time Group by 47.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 199,287 shares of the company's stock valued at $6,018,000 after purchasing an additional 64,348 shares during the last quarter. Hedge funds and other institutional investors own 79.40% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Guggenheim reiterated a "buy" rating and set a $50.00 target price on shares of Life Time Group in a research note on Wednesday, August 12th. Morgan Stanley upped their price target on shares of Life Time Group from $39.00 to $53.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 18th. Weiss Ratings raised Life Time Group from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday, August 6th. Jefferies Financial Group raised their target price on shares of Life Time Group from $41.00 to $51.00 and gave the company a "buy" rating in a report on Monday, June 29th. Finally, Royal Bank Of Canada boosted their price target on Life Time Group from $50.00 to $60.00 and gave the stock an "outperform" rating in a report on Friday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating and thirteen have issued a Buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Buy" and an average target price of $54.85.

Insider Buying and Selling

In other Life Time Group news, Director John Galashan sold 2,879,154 shares of the business's stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $43.80, for a total transaction of $126,106,945.20. Following the completion of the transaction, the director directly owned 3,029,450 shares of the company's stock, valued at $132,689,910. The trade was a 48.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Parham Javaheri sold 63,203 shares of the business's stock in a transaction on Friday, July 31st. The stock was sold at an average price of $45.09, for a total value of $2,849,823.27. Following the transaction, the executive vice president owned 183,371 shares of the company's stock, valued at $8,268,198.39. This trade represents a 25.63% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 6,860,173 shares of company stock valued at $301,356,840 in the last three months. 13.30% of the stock is owned by corporate insiders.

Life Time Group Stock Down 0.8%

NYSE LTH opened at $41.41 on Friday. The business has a 50 day moving average price of $43.34 and a two-hundred day moving average price of $35.01. The stock has a market cap of $9.25 billion, a PE ratio of 22.51, a P/E/G ratio of 1.51 and a beta of 1.48. Life Time Group Holdings, Inc. has a fifty-two week low of $24.14 and a fifty-two week high of $47.24. The company has a quick ratio of 0.56, a current ratio of 0.66 and a debt-to-equity ratio of 0.44.

Life Time Group (NYSE:LTH - Get Free Report) last released its earnings results on Thursday, July 30th. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.37 by $0.11. The company had revenue of $866.00 million during the quarter, compared to analysts' expectations of $845.75 million. Life Time Group had a return on equity of 10.56% and a net margin of 13.07%.The business's revenue was up 13.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.37 EPS. As a group, sell-side analysts predict that Life Time Group Holdings, Inc. will post 1.59 EPS for the current fiscal year.

Life Time Group Profile

Life Time Group Holdings, Inc operates a network of athletic country clubs and wellness facilities in the United States and Canada. The company provides an integrated range of fitness, health, and lifestyle services designed for individuals and families.

Its clubs typically offer fitness equipment and classes, personal training, indoor and outdoor pools, courts for sports such as tennis and pickleball, childcare, spa services, cafes, and spaces for social and work-related activities. Life Time also provides digital fitness content, nutrition and wellness programs, recreational activities, and athletic events through its clubs and online platforms.

Founded in 1992, the company was originally known as Life Time Fitness before becoming Life Time Group Holdings.

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