Royce & Associates LP Sells 37,003 Shares of Life Time Group Holdings, Inc. $LTH

Royce & Associates LP lessened its position in shares of Life Time Group Holdings, Inc. (NYSE:LTH) by 18.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 164,541 shares of the company’s stock after selling 37,003 shares during the period. Royce & Associates LP’s holdings in Life Time Group were worth $4,374,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of Life Time Group by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 13,643,761 shares of the company’s stock worth $362,651,000 after buying an additional 143,487 shares during the last quarter. Ameriprise Financial Inc. boosted its stake 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 buying an additional 2,091,712 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Life Time Group by 9.9% during the 3rd 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. Wellington Management Group LLP boosted its stake in shares of Life Time Group by 129.3% during the 3rd quarter. Wellington Management Group LLP now owns 5,828,546 shares of the company’s stock worth $160,868,000 after buying an additional 3,286,229 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of 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 last quarter. 79.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Jefferies Financial Group restated a “buy” rating and set a $41.00 price objective on shares of Life Time Group in a research note on Tuesday, May 5th. KeyCorp assumed coverage on shares of Life Time Group in a research note on Thursday, March 12th. They set an “overweight” rating and a $40.00 price objective for the company. UBS Group restated a “buy” rating and set a $43.00 price objective on shares of Life Time Group in a research note on Thursday, March 12th. Morgan Stanley increased their price objective on shares of Life Time Group from $38.00 to $39.00 and gave the stock an “overweight” rating in a research note on Thursday, May 14th. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $37.00 price objective on shares of Life Time Group in a research note on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Life Time Group currently has an average rating of “Moderate Buy” and an average target price of $40.00.

Life Time Group Stock Performance

Shares of NYSE LTH opened at $33.02 on Friday. The company has a current ratio of 0.53, a quick ratio of 0.42 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $7.35 billion, a P/E ratio of 19.31, a P/E/G ratio of 1.39 and a beta of 1.50. Life Time Group Holdings, Inc. has a 12 month low of $24.14 and a 12 month high of $35.33. The stock has a 50 day moving average of $29.27 and a 200-day moving average of $27.93.

Life Time Group (NYSE:LTH) last posted its earnings results on Tuesday, May 5th. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.03. The business had revenue of $788.70 million for the quarter, compared to analyst estimates of $787.65 million. Life Time Group had a return on equity of 10.10% and a net margin of 12.56%.The firm’s revenue was up 11.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.39 EPS. As a group, equities research analysts predict that Life Time Group Holdings, Inc. will post 1.47 EPS for the current year.

Insiders Place Their Bets

In related news, Director John G. Danhakl sold 4,991,749 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $31.46, for a total transaction of $157,040,423.54. Following the transaction, the director directly owned 16,242,383 shares of the company’s stock, valued at approximately $510,985,369.18. The trade was a 23.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Eric J. Buss sold 192,217 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $32.02, for a total value of $6,154,788.34. Following the transaction, the executive vice president directly owned 474,008 shares in the company, valued at $15,177,736.16. The trade was a 28.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 23,100,829 shares of company stock valued at $717,806,921 over the last 90 days. 13.30% of the stock is owned by insiders.

About Life Time Group

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.