Militia Capital Partners LP Grows Position in Life Time Group Holdings, Inc. $LTH

Militia Capital Partners LP raised its holdings in Life Time Group Holdings, Inc. (NYSE:LTH) by 87.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 58,200 shares of the company’s stock after acquiring an additional 27,200 shares during the period. Militia Capital Partners LP’s holdings in Life Time Group were worth $1,547,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of LTH. Wellington Management Group LLP increased its position in shares of Life Time Group by 129.3% during the 3rd quarter. Wellington Management Group LLP now owns 5,828,546 shares of the company’s stock valued at $160,868,000 after purchasing an additional 3,286,229 shares during the last quarter. Bank of America Corp DE increased its position in shares of Life Time Group by 102.1% during 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 purchasing an additional 2,156,033 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Life Time Group by 41.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 7,157,957 shares of the company’s stock valued at $216,644,000 after purchasing an additional 2,091,712 shares during the last quarter. Norges Bank bought a new position in shares of Life Time Group during the 4th quarter valued at about $49,228,000. Finally, Balyasny Asset Management L.P. increased its position in shares of Life Time Group by 2,328.1% during the 2nd quarter. Balyasny Asset Management L.P. now owns 1,852,117 shares of the company’s stock valued at $56,175,000 after purchasing an additional 1,775,837 shares during the last quarter. Hedge funds and other institutional investors own 79.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on LTH shares. KeyCorp started coverage on Life Time Group in a research report on Thursday, March 12th. They set an “overweight” rating and a $40.00 price objective on the stock. Wells Fargo & Company increased their price objective on Life Time Group from $37.00 to $38.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. UBS Group reiterated a “buy” rating and set a $43.00 price objective on shares of Life Time Group in a research report on Thursday, March 12th. The Goldman Sachs Group reiterated a “neutral” rating and set a $37.00 price objective on shares of Life Time Group in a research report on Wednesday, May 6th. Finally, Royal Bank Of Canada increased their price objective on Life Time Group from $38.00 to $43.00 and gave the company an “outperform” rating in a research report on Tuesday, June 2nd. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $40.80.

Insider Buying and Selling

In related news, Director John Kristofer Galashan sold 4,991,749 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $31.46, for a total transaction of $157,040,423.54. Following the transaction, the director directly owned 16,242,383 shares in the company, valued at $510,985,369.18. This trade represents a 23.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Partners Group Private Equity sold 747,178 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $31.46, for a total value of $23,506,219.88. Following the transaction, the insider owned 2,431,203 shares in the company, valued at approximately $76,485,646.38. The trade was a 23.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 27,876,110 shares of company stock worth $854,609,979 in the last ninety days. 13.30% of the stock is owned by insiders.

Life Time Group Price Performance

LTH opened at $34.90 on Wednesday. The stock’s 50 day simple moving average is $30.89 and its 200 day simple moving average is $28.58. 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 $35.33. The firm has a market cap of $7.77 billion, a price-to-earnings ratio of 20.41, a PEG ratio of 1.42 and a beta of 1.55.

Life Time Group (NYSE:LTH) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $787.65 million. During the same period last year, the company earned $0.39 EPS. Life Time Group’s revenue for the quarter was up 11.7% compared to the same quarter last year. As a group, analysts predict that Life Time Group Holdings, Inc. will post 1.48 earnings per share for the current 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.