Capula Management Ltd Takes $1.64 Million Position in Life Time Group Holdings, Inc. $LTH

Capula Management Ltd purchased a new position in Life Time Group Holdings, Inc. (NYSE:LTH) during the 1st quarter, HoldingsChannel reports. The fund purchased 60,756 shares of the company’s stock, valued at approximately $1,637,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in LTH. Vanguard Group Inc. boosted its stake in Life Time Group by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 13,643,761 shares of the company’s stock valued at $362,651,000 after buying an additional 143,487 shares during the period. Dimensional Fund Advisors LP increased its stake in Life Time Group by 15.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 8,090,037 shares of the company’s stock worth $217,929,000 after acquiring an additional 1,068,208 shares during the last quarter. Ameriprise Financial Inc. increased its stake in Life Time Group by 41.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 7,157,957 shares of the company’s stock worth $216,644,000 after acquiring an additional 2,091,712 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Life Time Group by 0.6% in the 4th quarter. Wellington Management Group LLP now owns 5,863,510 shares of the company’s stock valued at $155,852,000 after acquiring an additional 34,964 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of Life Time Group by 102.1% in the 3rd quarter. Bank of America Corp DE now owns 4,268,011 shares of the company’s stock valued at $117,797,000 after acquiring an additional 2,156,033 shares in the last quarter. Hedge funds and other institutional investors own 79.40% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on LTH shares. Oppenheimer boosted their price objective on Life Time Group from $43.00 to $60.00 and gave the stock an “outperform” rating in a report on Thursday, June 25th. Morgan Stanley upped 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 report on Thursday, May 14th. Zacks Research downgraded shares of Life Time Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Mizuho lifted their target price on shares of Life Time Group from $41.00 to $44.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $37.00 price target on shares of Life Time Group in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $45.67.

Life Time Group Trading Down 0.1%

Shares of LTH stock opened at $42.00 on Friday. The business has a 50-day moving average of $37.07 and a 200 day moving average of $31.23. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.53 and a quick ratio of 0.42. Life Time Group Holdings, Inc. has a 1-year low of $24.14 and a 1-year high of $43.96. The stock has a market capitalization of $9.35 billion, a PE ratio of 24.56, a P/E/G ratio of 1.68 and a beta of 1.51.

Life Time Group (NYSE:LTH) last announced 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. Life Time Group had a return on equity of 10.10% and a net margin of 12.56%.The business had revenue of $788.70 million for the quarter, compared to analysts’ expectations of $787.65 million. During the same period in the previous year, the firm earned $0.39 EPS. The business’s quarterly revenue was up 11.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Life Time Group Holdings, Inc. will post 1.53 earnings per share for the current year.

Insider Transactions at Life Time Group

In related news, Director John G. Danhakl sold 4,991,749 shares of the company’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $31.46, for a total transaction of $157,040,423.54. Following the completion of the sale, the director directly owned 16,242,383 shares in the company, valued at $510,985,369.18. This represents a 23.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director John Kristofer Galashan sold 4,991,749 shares of the stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $31.46, for a total transaction of $157,040,423.54. Following the sale, the director directly owned 16,242,383 shares of the company’s stock, valued at $510,985,369.18. The trade was a 23.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 27,943,861 shares of company stock worth $857,228,555. Insiders own 13.30% of the company’s stock.

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.