Maven Securities LTD Invests $1.03 Million in Life Time Group Holdings, Inc. $LTH

Maven Securities LTD bought a new stake in shares of Life Time Group Holdings, Inc. (NYSE:LTH) during the second quarter, Holdings Channel.com reports. The fund bought 25,314 shares of the company’s stock, valued at approximately $1,034,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Nykredit A S bought a new position in Life Time Group in the second quarter worth about $47,000. Wexford Capital LP bought a new stake in Life Time Group during the 3rd quarter valued at approximately $40,000. EverSource Wealth Advisors LLC grew its holdings in shares of Life Time Group by 201.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,499 shares of the company’s stock worth $45,000 after acquiring an additional 1,002 shares during the period. Versant Capital Management Inc grew its holdings in shares of Life Time Group by 286.7% during the 2nd quarter. Versant Capital Management Inc now owns 1,806 shares of the company’s stock worth $74,000 after acquiring an additional 1,339 shares during the period. Finally, Kemnay Advisory Services Inc. purchased a new position in shares of Life Time Group during the 4th quarter worth approximately $73,000. Hedge funds and other institutional investors own 79.40% of the company’s stock.

Life Time Group Price Performance

Shares of NYSE:LTH opened at $42.42 on Wednesday. The business has a fifty day moving average price of $43.29 and a 200-day moving average price of $34.83. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.66 and a quick ratio of 0.56. The company has a market capitalization of $9.48 billion, a PE ratio of 23.05, a PEG ratio of 1.56 and a beta of 1.48. Life Time Group Holdings, Inc. has a 1-year low of $24.14 and a 1-year high of $47.24.

Life Time Group (NYSE:LTH) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.11. Life Time Group had a net margin of 13.07% and a return on equity of 10.56%. The company had revenue of $866.00 million for the quarter, compared to analysts’ expectations of $845.75 million. During the same quarter in the previous year, the business posted $0.37 EPS. Life Time Group’s revenue was up 13.7% compared to the same quarter last year. As a group, equities analysts expect that Life Time Group Holdings, Inc. will post 1.59 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director John Danhakl sold 2,879,154 shares of the company’s stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $43.80, for a total value of $126,106,945.20. Following the transaction, the director owned 3,029,450 shares in the company, valued at approximately $132,689,910. This represents a 48.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Ritadhwaja Singh sold 67,751 shares of the stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $38.65, for a total transaction of $2,618,576.15. Following the sale, the executive vice president owned 138,351 shares in the company, valued at approximately $5,347,266.15. The trade was a 32.87% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 6,860,173 shares of company stock valued at $301,356,840. 13.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Guggenheim restated a “buy” rating and set a $50.00 price target on shares of Life Time Group in a research report on Wednesday, August 12th. Deutsche Bank Aktiengesellschaft set a $54.00 target price on shares of Life Time Group in a report on Friday, July 31st. Mizuho upped their target price on shares of Life Time Group from $63.00 to $64.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. Morgan Stanley lifted their price target on shares of Life Time Group from $39.00 to $53.00 and gave the company an “overweight” rating in a research report on Tuesday, August 18th. Finally, Royal Bank Of Canada boosted their price objective on shares of Life Time Group from $50.00 to $60.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Two 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 stock presently has an average rating of “Buy” and an average price target of $54.85.

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.