UBS Group AG Sells 529,485 Shares of Life Time Group Holdings, Inc. $LTH

UBS Group AG decreased its position in Life Time Group Holdings, Inc. (NYSE:LTH) by 32.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,124,982 shares of the company’s stock after selling 529,485 shares during the quarter. UBS Group AG’s holdings in Life Time Group were worth $29,902,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC boosted its stake in Life Time Group by 144.5% in the 4th quarter. GAMMA Investing LLC now owns 1,220 shares of the company’s stock worth $32,000 after purchasing an additional 721 shares in the last quarter. Wexford Capital LP bought a new position in Life Time Group in the 3rd quarter worth about $40,000. EverSource Wealth Advisors LLC boosted its stake in Life Time Group by 201.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,499 shares of the company’s stock worth $45,000 after purchasing an additional 1,002 shares in the last quarter. Asset Management One Co. Ltd. purchased a new stake in Life Time Group during the 3rd quarter valued at $69,000. Finally, Nisa Investment Advisors LLC boosted its stake in Life Time Group by 74.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,862 shares of the company’s stock valued at $76,000 after purchasing an additional 1,225 shares during the last quarter. Institutional investors own 79.40% of the company’s stock.

Insider Activity

In other news, major shareholder Partners Group Private Equity sold 542,119 shares of the stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $28.60, for a total transaction of $15,504,603.40. Following the transaction, the insider directly owned 3,178,381 shares of the company’s stock, valued at $90,901,696.60. This represents a 14.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Eric J. Buss sold 192,217 shares of the stock in a transaction on Thursday, May 7th. The shares were 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. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 5,845,093 shares of company stock worth $168,134,812. Insiders own 13.30% of the company’s stock.

Key Stories Impacting Life Time Group

Here are the key news stories impacting Life Time Group this week:

• Positive Sentiment: Life Time reported better-than-expected Q1 results, with EPS of $0.42 versus $0.39 expected and revenue up 11.7% year over year, reinforcing the company’s growth momentum.
• Positive Sentiment: The company completed a previously announced major share repurchase, which can support the stock by reducing share count and signaling management confidence. Life Time Group Completes Major Share Repurchase Transaction
• Positive Sentiment: Mizuho raised its price target on LTH to $44 from $41 and kept an outperform rating, adding to a constructive analyst backdrop.
• Neutral Sentiment: Recent coverage also highlighted Life Time among consumer cyclical stock ideas, which helps visibility but is unlikely to be a direct short-term catalyst. Analysts’ Top Consumer Cyclical Picks
• Negative Sentiment: Major shareholder Partners Group Private Equity sold 542,119 shares worth about $15.5 million, a sizable reduction in ownership that can weigh on sentiment. SEC insider filing
• Negative Sentiment: Director John G. Danhakl also sold 2.49 million shares, and the similar sale by John Kristofer Galashan underscores meaningful insider profit-taking. SEC insider filing

Analyst Ratings Changes

Several analysts have commented on the company. Guggenheim reiterated a “buy” rating and set a $36.00 target price on shares of Life Time Group in a research note on Friday, January 23rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Life Time Group in a research note on Thursday, January 22nd. Mizuho increased their target price on Life Time Group from $41.00 to $44.00 and gave the company an “outperform” rating in a research note on Thursday. Morgan Stanley increased their target price on Life Time Group from $37.00 to $38.00 and gave the company an “overweight” rating in a research note on Monday, February 23rd. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $41.00 target price on shares of Life Time Group in a research note on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $40.40.

Life Time Group Price Performance

NYSE LTH opened at $31.85 on Friday. The business’s fifty day moving average price is $27.15 and its 200-day moving average price is $27.11. The stock has a market capitalization of $7.09 billion, a price-to-earnings ratio of 18.62, a PEG ratio of 1.32 and a beta of 1.50. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.53 and a quick ratio of 0.52. Life Time Group Holdings, Inc. has a 1-year low of $24.14 and a 1-year high of $33.95.

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

Life Time Group 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.