U S Global Investors Inc. Sells 12,500 Shares of Life Time Group Holdings, Inc. $LTH

U S Global Investors Inc. cut its position in Life Time Group Holdings, Inc. (NYSE:LTH) by 39.6% in the third quarter, HoldingsChannel.com reports. The firm owned 19,100 shares of the company’s stock after selling 12,500 shares during the quarter. U S Global Investors Inc.’s holdings in Life Time Group were worth $762,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of LTH. Dimensional Fund Advisors LP lifted its stake in shares of Life Time Group by 15.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 8,090,037 shares of the company’s stock valued at $217,929,000 after buying an additional 1,068,208 shares in the last quarter. Wellington Management Group LLP increased its stake in Life Time Group by 1.6% in the 2nd quarter. Wellington Management Group LLP now owns 6,308,310 shares of the company’s stock worth $257,631,000 after buying an additional 99,154 shares in the last quarter. Principal Financial Group Inc. increased its stake 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 in the last quarter. The Manufacturers Life Insurance Company raised its holdings in Life Time Group by 38.7% during the first quarter. The Manufacturers Life Insurance Company now owns 1,745,768 shares of the company’s stock valued at $47,031,000 after acquiring an additional 487,478 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in Life Time Group by 79.0% during the first quarter. Bank of New York Mellon Corp now owns 862,524 shares of the company’s stock valued at $23,236,000 after acquiring an additional 380,610 shares during the period. 79.40% of the stock is currently owned by institutional investors.

Life Time Group Stock Up 2.7%

Shares of NYSE:LTH opened at $41.85 on Friday. The company has a market cap of $9.35 billion, a price-to-earnings ratio of 27.92, a PEG ratio of 1.47 and a beta of 1.49. 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 company has a 50-day moving average price of $41.79 and a 200 day moving average price of $37.96. Life Time Group Holdings, Inc. has a 12 month low of $24.14 and a 12 month high of $47.24.

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

Insider Buying and Selling at Life Time Group

In other news, Director John Danhakl sold 2,879,154 shares of the stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $43.80, for a total value of $126,106,945.20. Following the sale, the director owned 3,029,450 shares of the company’s stock, valued at approximately $132,689,910. This represents a 48.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John Galashan sold 2,879,154 shares of the firm’s stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $43.80, for a total transaction of $126,106,945.20. Following the completion of the sale, the director owned 3,029,450 shares of the company’s stock, valued at $132,689,910. This trade represents a 48.73% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 6,971,850 shares of company stock valued at $306,262,084. Insiders own 13.30% of the company’s stock.

Wall Street Analyst Weigh In

LTH has been the subject of a number of recent analyst reports. Mizuho upped their price objective 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. UBS Group set a $63.00 target price on Life Time Group in a research report on Wednesday, September 23rd. Weiss Ratings raised Life Time Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, August 6th. Oppenheimer boosted their price target on Life Time Group from $43.00 to $60.00 and gave the stock an “outperform” rating in a report on Thursday, June 25th. Finally, Royal Bank Of Canada upped their price target on Life Time Group from $50.00 to $60.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $55.31.

Life Time Group Profile

Life Time Group Holdings, Inc (NYSE: LTH) operates a network of luxury athletic country clubs in the United States and Canada. The company’s facilities combine fitness, sports, health, and wellness services in an integrated club environment designed for individuals and families.

Life Time clubs typically offer cardiovascular and strength-training equipment, group fitness classes, personal training, indoor and outdoor pools, tennis, pickleball, basketball, and other athletic programs. Many locations also provide childcare, spas, cafés, workspaces, recovery services, and specialized programs for children, older adults, and other member groups.