Dimensional Fund Advisors LP Has $217.93 Million Stake in Life Time Group Holdings, Inc. $LTH

Dimensional Fund Advisors LP raised its position in shares of Life Time Group Holdings, Inc. (NYSE:LTH) by 15.2% in the first quarter, Holdings Channel reports. The fund owned 8,090,037 shares of the company’s stock after buying an additional 1,068,208 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Life Time Group were worth $217,929,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently made changes to their positions in LTH. Swiss National Bank lifted its position in shares of Life Time Group by 0.6% during the 1st quarter. Swiss National Bank now owns 283,700 shares of the company’s stock worth $7,643,000 after purchasing an additional 1,800 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Life Time Group by 79.0% in the 1st quarter. Bank of New York Mellon Corp now owns 862,524 shares of the company’s stock valued at $23,236,000 after buying an additional 380,610 shares during the last quarter. Maryland State Retirement & Pension System acquired a new stake in Life Time Group in the 1st quarter valued at approximately $596,000. Principal Financial Group Inc. increased its position in Life Time Group by 18.1% in the 1st quarter. Principal Financial Group Inc. now owns 2,589,462 shares of the company’s stock worth $69,760,000 after buying an additional 397,248 shares during the period. Finally, Teachers Retirement System of The State of Kentucky increased its position in Life Time Group by 78.0% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 102,172 shares of the company’s stock worth $2,752,000 after buying an additional 44,762 shares during the period. 79.40% of the stock is owned by institutional investors and hedge funds.

Life Time Group Price Performance

Shares of LTH stock opened at $42.00 on Friday. Life Time Group Holdings, Inc. has a 12 month low of $24.14 and a 12 month high of $43.96. The company has a market capitalization of $9.35 billion, a P/E ratio of 24.56, a P/E/G ratio of 1.68 and a beta of 1.51. The stock has a 50 day moving average of $37.07 and a two-hundred day moving average of $31.23. 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 released its quarterly earnings data on Tuesday, May 5th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.03. The business 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%.Life Time Group’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.39 earnings per share. As a group, equities analysts expect that Life Time Group Holdings, Inc. will post 1.53 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently weighed in on LTH. Jefferies Financial Group increased their price objective on Life Time Group from $41.00 to $51.00 and gave the company a “buy” rating in a research report on Monday, June 29th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $50.00 target price on shares of Life Time Group in a research report on Wednesday. Zacks Research downgraded shares of Life Time Group from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Oppenheimer raised their price target on shares of Life Time Group from $43.00 to $60.00 and gave the stock an “outperform” rating in a research report on Thursday, June 25th. Finally, Wells Fargo & Company raised their price target on shares of Life Time Group from $38.00 to $46.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Life Time Group has a consensus rating of “Moderate Buy” and an average target price of $45.67.

Insider Transactions at Life Time Group

In other news, Director Jimena Almendares sold 40,589 shares of the stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $33.59, for a total value of $1,363,384.51. Following the completion of the transaction, the director owned 36,983 shares in the company, valued at approximately $1,242,258.97. This represents a 52.32% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director John Kristofer Galashan sold 2,208,580 shares of the firm’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $28.60, for a total transaction of $63,165,388.00. Following the transaction, the director directly owned 11,027,703 shares of the company’s stock, valued at $315,392,305.80. The trade was a 16.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 27,943,861 shares of company stock worth $857,228,555. 13.30% of the stock is currently owned by company insiders.

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.