Tudor Investment Corp ET AL Has $3.33 Million Holdings in Life Time Group Holdings, Inc. $LTH

Tudor Investment Corp ET AL decreased its stake in shares of Life Time Group Holdings, Inc. (NYSE:LTH) by 83.3% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 120,525 shares of the company’s stock after selling 600,052 shares during the period. Tudor Investment Corp ET AL’s holdings in Life Time Group were worth $3,326,000 at the end of the most recent quarter.

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

Life Time Group Stock Performance

Shares of LTH stock opened at $26.61 on Friday. The firm has a 50-day moving average of $27.79 and a 200-day moving average of $27.02. The company has a market cap of $5.90 billion, a P/E ratio of 16.03, a P/E/G ratio of 1.17 and a beta of 1.69. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.63 and a quick ratio of 0.52. 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) last released its quarterly earnings results on Tuesday, February 24th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.01. Life Time Group had a net margin of 12.51% and a return on equity of 10.20%. The business had revenue of $745.10 million for the quarter, compared to analysts’ expectations of $740.09 million. During the same period in the previous year, the company earned $0.27 earnings per share. The firm’s revenue for the quarter was up 12.3% compared to the same quarter last year. Equities research analysts forecast that Life Time Group Holdings, Inc. will post 0.74 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Zacks Research upgraded Life Time Group from a “strong sell” rating to a “hold” rating in a report on Monday, March 2nd. Wells Fargo & Company initiated coverage on shares of Life Time Group in a report on Wednesday, March 11th. They set an “overweight” rating and a $37.00 price objective on the stock. UBS Group reissued a “buy” rating and set a $43.00 target price on shares of Life Time Group in a research report on Thursday, March 12th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Life Time Group in a research report on Thursday, January 22nd. Finally, KeyCorp assumed coverage on Life Time Group in a research note on Thursday, March 12th. They issued an “overweight” rating and a $40.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $40.13.

Insiders Place Their Bets

In other news, EVP Ritadhwaja Jebens Singh sold 12,088 shares of the business’s stock in a transaction that occurred on Friday, January 23rd. The stock was sold at an average price of $29.75, for a total value of $359,618.00. Following the transaction, the executive vice president owned 110,967 shares in the company, valued at $3,301,268.25. The trade was a 9.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Erik Weaver sold 1,493 shares of the stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $29.90, for a total value of $44,640.70. Following the sale, the chief financial officer directly owned 77,771 shares of the company’s stock, valued at $2,325,352.90. The trade was a 1.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 31,850 shares of company stock valued at $909,324 in the last 90 days. 13.30% of the stock is currently owned by corporate insiders.

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.