Marshall Wace LLP Takes $483,000 Position in Life Time Group Holdings, Inc. (NYSE:LTH)

Marshall Wace LLP bought a new position in shares of Life Time Group Holdings, Inc. (NYSE:LTH) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 25,677 shares of the company’s stock, valued at approximately $483,000.

Several other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Life Time Group by 1.2% during the first quarter. Vanguard Group Inc. now owns 6,479,496 shares of the company’s stock worth $100,562,000 after purchasing an additional 78,290 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Life Time Group by 19.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,658,902 shares of the company’s stock worth $87,728,000 after acquiring an additional 770,766 shares in the last quarter. Hood River Capital Management LLC lifted its position in Life Time Group by 44.0% in the second quarter. Hood River Capital Management LLC now owns 1,811,841 shares of the company’s stock valued at $34,117,000 after acquiring an additional 553,881 shares during the last quarter. Wellington Management Group LLP purchased a new position in shares of Life Time Group during the fourth quarter worth about $14,544,000. Finally, Braun Stacey Associates Inc. acquired a new stake in shares of Life Time Group during the second quarter worth about $7,486,000. Hedge funds and other institutional investors own 79.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on LTH shares. Bank of America raised their target price on shares of Life Time Group from $29.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, September 6th. Wells Fargo & Company lifted their price objective on shares of Life Time Group from $15.00 to $20.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 31st. The Goldman Sachs Group boosted their target price on Life Time Group from $15.00 to $22.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Northland Securities lifted their price objective on shares of Life Time Group from $27.00 to $28.50 and gave the company an “outperform” rating in a research report on Friday, August 2nd. Finally, Craig Hallum started coverage on shares of Life Time Group in a research report on Friday, July 19th. They set a “buy” rating and a $30.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Life Time Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.64.

Insider Activity at Life Time Group

In other news, major shareholder Partners Group Private Equity sold 650,000 shares of Life Time Group stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $20.88, for a total transaction of $13,572,000.00. Following the sale, the insider now directly owns 5,929,348 shares of the company’s stock, valued at approximately $123,804,786.24. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, major shareholder Partners Group Private Equity sold 650,000 shares of Life Time Group stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $20.88, for a total value of $13,572,000.00. Following the completion of the transaction, the insider now owns 5,929,348 shares in the company, valued at approximately $123,804,786.24. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John G. Danhakl sold 3,575,000 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $20.88, for a total transaction of $74,646,000.00. Following the completion of the transaction, the director now owns 55,166,700 shares in the company, valued at approximately $1,151,880,696. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 12.50% of the company’s stock.

Life Time Group Price Performance

Shares of Life Time Group stock opened at $24.97 on Thursday. The business’s fifty day moving average price is $23.84 and its 200 day moving average price is $19.26. Life Time Group Holdings, Inc. has a twelve month low of $11.10 and a twelve month high of $25.75. The company has a current ratio of 0.44, a quick ratio of 0.32 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $4.96 billion, a P/E ratio of 69.36, a PEG ratio of 3.18 and a beta of 1.87.

Life Time Group (NYSE:LTH) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.10. The firm had revenue of $667.80 million during the quarter, compared to analysts’ expectations of $634.92 million. Life Time Group had a net margin of 4.54% and a return on equity of 5.36%. The firm’s revenue was up 18.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.08 EPS. As a group, research analysts anticipate that Life Time Group Holdings, Inc. will post 0.56 earnings per share for the current year.

Life Time Group Profile

Life Time Group Holdings, Inc provides health, fitness, and wellness experiences to a community of individual members in the United States and Canada. It primarily engages in designing, building, and operating of sports and athletic, professional fitness, family recreation, and spa centers in a resort-like environment, principally in suburban and urban locations of metropolitan areas.