Life Time Group Holdings, Inc. $LTH Shares Sold by Sei Investments Co.

Sei Investments Co. trimmed its position in Life Time Group Holdings, Inc. (NYSE:LTH) by 57.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 103,782 shares of the company’s stock after selling 139,180 shares during the quarter. Sei Investments Co.’s holdings in Life Time Group were worth $2,796,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Royal Bank of Canada raised its holdings in Life Time Group by 140.4% in the first quarter. Royal Bank of Canada now owns 54,380 shares of the company’s stock valued at $1,642,000 after buying an additional 31,762 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Life Time Group by 25.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 70,855 shares of the company’s stock worth $2,140,000 after buying an additional 14,267 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Life Time Group by 143.7% in the first quarter. Goldman Sachs Group Inc. now owns 2,422,304 shares of the company’s stock worth $73,154,000 after acquiring an additional 1,428,446 shares in the last quarter. Caxton Associates LLP acquired a new stake in shares of Life Time Group in the first quarter worth $221,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Life Time Group by 47.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 199,287 shares of the company’s stock valued at $6,018,000 after acquiring an additional 64,348 shares during the period. Hedge funds and other institutional investors own 79.40% of the company’s stock.

Insider Buying and Selling

In other news, EVP Eric J. Buss sold 479,240 shares of the company’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $44.97, for a total value of $21,551,422.80. Following the sale, the executive vice president owned 474,008 shares in the company, valued at approximately $21,316,139.76. This represents a 50.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Bahram Akradi sold 438,257 shares of Life Time Group stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $45.03, for a total value of $19,734,712.71. Following the completion of the transaction, the chief executive officer owned 3,615,086 shares of the company’s stock, valued at $162,787,322.58. This trade represents a 10.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 12,346,029 shares of company stock worth $396,108,368. 13.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on LTH. Zacks Research upgraded Life Time Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 23rd. Weiss Ratings raised Life Time Group from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday. Jefferies Financial Group raised their target price on Life Time Group from $41.00 to $51.00 and gave the company a “buy” rating in a report on Monday, June 29th. UBS Group upped their price target on Life Time Group from $43.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Royal Bank Of Canada increased their price objective on shares of Life Time Group from $50.00 to $60.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Two analysts have rated the stock with a Strong Buy rating and thirteen have given a Buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $53.77.

Life Time Group Stock Performance

Life Time Group stock opened at $43.88 on Friday. The stock has a market cap of $9.81 billion, a P/E ratio of 23.85, a price-to-earnings-growth ratio of 1.60 and a beta of 1.50. The company has a current ratio of 0.66, a quick ratio of 0.56 and a debt-to-equity ratio of 0.44. The stock has a 50 day moving average of $39.59 and a 200-day moving average of $32.51. Life Time Group Holdings, Inc. has a 52 week low of $24.14 and a 52 week high of $47.24.

Life Time Group (NYSE:LTH) last issued 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. The business had revenue of $866.00 million during the quarter, compared to analyst estimates of $845.75 million. Life Time Group had a net margin of 13.07% and a return on equity of 10.56%. The business’s revenue was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.37 earnings per share. On average, analysts expect that Life Time Group Holdings, Inc. will post 1.57 EPS for the current fiscal 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.