Wellington Management Group LLP Grows Stock Holdings in Life Time Group Holdings, Inc. $LTH

Wellington Management Group LLP increased its stake in shares of Life Time Group Holdings, Inc. (NYSE:LTH) by 1.6% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,308,310 shares of the company’s stock after buying an additional 99,154 shares during the quarter. Wellington Management Group LLP’s holdings in Life Time Group were worth $257,631,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Thrivent Financial for Lutherans acquired a new position in Life Time Group in the fourth quarter valued at approximately $41,721,000. Quantinno Capital Management LP raised its stake in shares of Life Time Group by 455.2% in the 1st quarter. Quantinno Capital Management LP now owns 76,101 shares of the company’s stock valued at $2,050,000 after acquiring an additional 62,393 shares during the period. Handelsbanken Fonder AB lifted its holdings in shares of Life Time Group by 138.3% in the 2nd quarter. Handelsbanken Fonder AB now owns 63,400 shares of the company’s stock worth $2,589,000 after acquiring an additional 36,800 shares during the last quarter. Vanguard Group Inc. lifted 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 worth $362,651,000 after purchasing an additional 143,487 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Life Time Group by 6.3% during the 4th quarter. Geode Capital Management LLC now owns 3,519,811 shares of the company’s stock worth $93,572,000 after acquiring an additional 207,822 shares in the last quarter. 79.40% of the stock is currently owned by institutional investors and hedge funds.

Life Time Group Trading Up 0.2%

Shares of LTH opened at $43.58 on Monday. 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 firm’s 50-day moving average is $42.85 and its two-hundred day moving average is $34.17. Life Time Group Holdings, Inc. has a twelve month low of $24.14 and a twelve month high of $47.24. The firm has a market capitalization of $9.74 billion, a P/E ratio of 23.68, a PEG ratio of 1.57 and a beta of 1.50.

Life Time Group (NYSE:LTH) last issued its earnings results on Thursday, July 30th. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.11. The company had revenue of $866.00 million during the quarter, compared to analysts’ expectations of $845.75 million. Life Time Group had a net margin of 13.07% and a return on equity of 10.56%. The firm’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same period last year, the company posted $0.37 earnings per share. On average, research analysts predict that Life Time Group Holdings, Inc. will post 1.59 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have issued reports on LTH. Northland Securities set a $57.00 target price on shares of Life Time Group in a report on Friday, July 31st. The Goldman Sachs Group started coverage on shares of Life Time Group in a research report on Monday, August 3rd. They issued a “buy” rating and a $53.00 target price on the stock. Mizuho raised their price target on Life Time Group from $63.00 to $64.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. KeyCorp lifted their price objective on shares of Life Time Group from $40.00 to $52.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Finally, 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 research note on Tuesday, August 4th. Two analysts have rated the stock with a Strong Buy rating and thirteen have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $54.85.

Insider Activity at Life Time Group

In other Life Time Group news, Director John G. Danhakl sold 2,879,154 shares of Life Time Group stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $43.80, for a total transaction of $126,106,945.20. Following the completion of the transaction, the director owned 3,029,450 shares in the company, valued at approximately $132,689,910. The trade was a 48.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Partners Group Private Equity sold 329,921 shares of the company’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $28.60, for a total value of $9,435,740.60. Following the completion of the sale, the insider directly owned 1,651,322 shares in the company, valued at approximately $47,227,809.20. The trade was a 16.65% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 11,642,177 shares of company stock valued at $438,237,437 in the last quarter. 13.30% of the stock is owned by corporate insiders.

Life Time Group Company 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.