TD Asset Management Inc Buys 46,822 Shares of Life Time Group Holdings, Inc. $LTH

TD Asset Management Inc grew its position in shares of Life Time Group Holdings, Inc. (NYSE:LTH) by 158.1% in the 3rd quarter, Holdings Channel reports. The firm owned 76,436 shares of the company’s stock after acquiring an additional 46,822 shares during the quarter. TD Asset Management Inc’s holdings in Life Time Group were worth $2,110,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. EverSource Wealth Advisors LLC increased its position in shares of Life Time Group by 201.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,499 shares of the company’s stock worth $45,000 after buying an additional 1,002 shares during the period. Nisa Investment Advisors LLC boosted its position in Life Time Group by 98.9% during the second quarter. Nisa Investment Advisors LLC now owns 1,506 shares of the company’s stock valued at $46,000 after acquiring an additional 749 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its position in Life Time Group by 2,741.7% during the second quarter. Steward Partners Investment Advisory LLC now owns 1,705 shares of the company’s stock valued at $52,000 after acquiring an additional 1,645 shares during the last quarter. Asset Management One Co. Ltd. acquired a new stake in Life Time Group during the 3rd quarter worth about $69,000. Finally, SBI Securities Co. Ltd. raised its position in shares of Life Time Group by 19.6% in the 3rd quarter. SBI Securities Co. Ltd. now owns 4,222 shares of the company’s stock worth $117,000 after acquiring an additional 693 shares in the last quarter. Institutional investors and hedge funds own 79.40% of the company’s stock.

Insider Transactions at Life Time Group

In other news, EVP Ritadhwaja Jebens Singh sold 12,088 shares of the company’s stock in a transaction dated Friday, January 23rd. The shares were sold at an average price of $29.75, for a total transaction of $359,618.00. Following the completion of the transaction, the executive vice president directly owned 110,967 shares of the company’s stock, valued at approximately $3,301,268.25. This represents a 9.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Erik Weaver sold 1,493 shares of the stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $29.90, for a total transaction of $44,640.70. Following the sale, the chief financial officer owned 77,771 shares of the company’s stock, valued at approximately $2,325,352.90. This represents a 1.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 20,790 shares of company stock worth $616,677 in the last 90 days. Corporate insiders own 8.70% of the company’s stock.

Life Time Group Trading Up 0.4%

LTH stock opened at $26.26 on Thursday. Life Time Group Holdings, Inc. has a one year low of $24.14 and a one year high of $34.99. The company has a market capitalization of $5.82 billion, a PE ratio of 15.82, a price-to-earnings-growth ratio of 1.17 and a beta of 1.69. The company’s 50 day moving average price is $28.11 and its two-hundred day moving average price is $27.24. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.52 and a current ratio of 0.63.

Life Time Group (NYSE:LTH) last released its earnings results on Tuesday, February 24th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.01. Life Time Group had a return on equity of 10.20% and a net margin of 12.51%.The company had revenue of $745.10 million during the quarter, compared to analyst estimates of $740.09 million. During the same quarter in the previous year, the company posted $0.27 EPS. Life Time Group’s revenue for the quarter was up 12.3% on a year-over-year basis. As a group, analysts predict that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Zacks Research raised Life Time Group from a “strong sell” rating to a “hold” rating in a research note on Monday. Guggenheim reiterated a “buy” rating and issued a $36.00 target price on shares of Life Time Group in a report on Friday, January 23rd. Morgan Stanley raised their price target on shares of Life Time Group from $37.00 to $38.00 and gave the stock an “overweight” rating in a research note on Monday, February 23rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Life Time Group in a report on Thursday, January 22nd. Finally, Northland Securities set a $42.00 price target on Life Time Group in a research report on Friday, January 23rd. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $39.50.

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.