OP Asset Management Ltd Acquires Shares of 32,659 Life Time Group Holdings, Inc. $LTH

OP Asset Management Ltd acquired a new stake in Life Time Group Holdings, Inc. (NYSE:LTH) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 32,659 shares of the company’s stock, valued at approximately $880,000.

Several other large investors have also recently modified their holdings of LTH. GAMMA Investing LLC raised its holdings in Life Time Group by 144.5% during the 4th quarter. GAMMA Investing LLC now owns 1,220 shares of the company’s stock valued at $32,000 after buying an additional 721 shares during the period. Wexford Capital LP bought a new stake in Life Time Group in the third quarter worth $40,000. EverSource Wealth Advisors LLC boosted its stake in 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. Kemnay Advisory Services Inc. purchased a new position in Life Time Group during the fourth quarter worth $73,000. Finally, Nisa Investment Advisors LLC increased its position in Life Time Group by 74.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 2,862 shares of the company’s stock valued at $76,000 after acquiring an additional 1,225 shares during the last quarter. Institutional investors own 79.40% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on LTH. Wells Fargo & Company increased their target price on shares of Life Time Group from $37.00 to $38.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Royal Bank Of Canada upped their price target on shares of Life Time Group from $38.00 to $43.00 and gave the company an “outperform” rating in a report on Tuesday, June 2nd. The Goldman Sachs Group reissued a “neutral” rating and issued a $37.00 price objective on shares of Life Time Group in a research report on Wednesday, May 6th. Morgan Stanley raised 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, Guggenheim boosted their target price on Life Time Group from $36.00 to $41.00 and gave the company a “buy” rating in a research report on Monday, June 15th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $44.00.

Insider Buying and Selling

In other Life Time Group news, Director John Kristofer Galashan sold 2,208,580 shares of the company’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $28.60, for a total value of $63,165,388.00. Following the transaction, the director directly owned 11,027,703 shares in the company, valued at $315,392,305.80. This represents a 16.69% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jimena Almendares sold 40,589 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $33.59, for a total transaction of $1,363,384.51. Following the transaction, the director directly owned 36,983 shares in the company, valued at approximately $1,242,258.97. This trade represents a 52.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 27,943,861 shares of company stock worth $857,228,555 over the last 90 days. Corporate insiders own 13.30% of the company’s stock.

Life Time Group Stock Up 0.5%

NYSE:LTH opened at $41.23 on Tuesday. Life Time Group Holdings, Inc. has a twelve month low of $24.14 and a twelve month high of $41.79. The company has a market cap of $9.18 billion, a price-to-earnings ratio of 24.11, a price-to-earnings-growth ratio of 1.69 and a beta of 1.55. The stock has a fifty day simple moving average of $32.75 and a 200-day simple moving average of $29.30. The company has a current ratio of 0.53, a quick ratio of 0.42 and a debt-to-equity ratio of 0.46.

Life Time Group (NYSE:LTH) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 12.56% and a return on equity of 10.10%. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.39 earnings per share. Analysts anticipate that Life Time Group Holdings, Inc. will post 1.48 EPS for the current year.

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.