Life Time Group Holdings, Inc. $LTH Stake Lowered by Principal Financial Group Inc.

Principal Financial Group Inc. lowered its stake in shares of Life Time Group Holdings, Inc. (NYSE:LTH) by 14.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,095,418 shares of the company’s stock after selling 344,766 shares during the quarter. Principal Financial Group Inc. owned approximately 0.95% of Life Time Group worth $57,834,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Zions Bancorporation National Association UT raised its stake in Life Time Group by 1.6% during the 2nd quarter. Zions Bancorporation National Association UT now owns 43,570 shares of the company’s stock valued at $1,321,000 after acquiring an additional 699 shares in the last quarter. Nisa Investment Advisors LLC grew its position in Life Time Group by 98.9% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,506 shares of the company’s stock valued at $46,000 after buying an additional 749 shares in the last quarter. Teacher Retirement System of Texas raised its position in shares of Life Time Group by 6.5% during the 2nd quarter. Teacher Retirement System of Texas now owns 14,877 shares of the company’s stock worth $451,000 after buying an additional 907 shares in the last quarter. Caxton Associates LLP boosted its holdings in shares of Life Time Group by 12.9% in the second quarter. Caxton Associates LLP now owns 8,268 shares of the company’s stock valued at $251,000 after acquiring an additional 946 shares in the last quarter. Finally, Savant Capital LLC raised its holdings in Life Time Group by 12.5% during the second quarter. Savant Capital LLC now owns 8,780 shares of the company’s stock worth $266,000 after purchasing an additional 977 shares in the last quarter. Institutional investors and hedge funds own 79.40% of the company’s stock.

Insider Buying and Selling at Life Time Group

In other Life Time Group news, EVP Ritadhwaja Jebens Singh sold 12,088 shares of Life Time Group stock in a transaction that occurred on Friday, January 23rd. The shares were sold at an average price of $29.75, for a total value of $359,618.00. Following the completion of the sale, the executive vice president directly owned 110,967 shares in the company, valued at $3,301,268.25. The trade was a 9.82% 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, CFO Erik Weaver sold 1,493 shares of the firm’s stock in a transaction on 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 owned 77,771 shares in the company, valued at $2,325,352.90. This represents a 1.88% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 256,670 shares of company stock worth $7,234,567 over the last 90 days. 8.70% of the stock is currently owned by corporate insiders.

Life Time Group Trading Up 0.4%

NYSE:LTH opened at $29.66 on Thursday. The stock has a market cap of $6.54 billion, a PE ratio of 22.99, a price-to-earnings-growth ratio of 0.88 and a beta of 1.68. Life Time Group Holdings, Inc. has a fifty-two week low of $24.14 and a fifty-two week high of $34.99. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.67 and a quick ratio of 0.55. The stock’s 50-day moving average is $27.35 and its two-hundred day moving average is $27.22.

Life Time Group (NYSE:LTH) last released its quarterly earnings data on Tuesday, November 4th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.07. Life Time Group had a net margin of 9.91% and a return on equity of 9.75%. The firm had revenue of $782.65 million for the quarter, compared to analyst estimates of $770.93 million. As a group, equities research analysts forecast that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have issued reports on LTH. Weiss Ratings restated a “hold (c+)” rating on shares of Life Time Group in a research report on Thursday, January 22nd. Northland Securities set a $42.00 price target on Life Time Group in a research note on Friday, January 23rd. Morgan Stanley reduced their price objective on shares of Life Time Group from $39.00 to $37.00 and set an “overweight” rating for the company in a research note on Wednesday, November 12th. Guggenheim reissued a “buy” rating and issued a $36.00 target price on shares of Life Time Group in a research report on Friday, January 23rd. Finally, Zacks Research lowered shares of Life Time Group from a “hold” rating to a “strong sell” rating in a report on Monday, January 26th. Nine analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $36.77.

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.