Braun Stacey Associates Inc. Sells 106,545 Shares of Life Time Group Holdings, Inc. (NYSE:LTH)

Braun Stacey Associates Inc. cut its holdings in Life Time Group Holdings, Inc. (NYSE:LTH) by 12.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 760,587 shares of the company’s stock after selling 106,545 shares during the period. Braun Stacey Associates Inc. owned approximately 0.36% of Life Time Group worth $22,970,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Kapitalo Investimentos Ltda bought a new position in shares of Life Time Group in the 4th quarter worth about $33,000. Sterling Capital Management LLC increased its position in Life Time Group by 892.6% in the 4th quarter. Sterling Capital Management LLC now owns 2,025 shares of the company’s stock valued at $45,000 after buying an additional 1,821 shares in the last quarter. Quarry LP increased its position in Life Time Group by 240.4% in the 4th quarter. Quarry LP now owns 2,335 shares of the company’s stock valued at $52,000 after buying an additional 1,649 shares in the last quarter. Amalgamated Bank raised its stake in Life Time Group by 42.3% during the 1st quarter. Amalgamated Bank now owns 2,898 shares of the company’s stock worth $88,000 after buying an additional 862 shares during the period. Finally, Dnca Finance raised its stake in Life Time Group by 11.9% during the 4th quarter. Dnca Finance now owns 3,830 shares of the company’s stock worth $85,000 after buying an additional 407 shares during the period. 79.40% of the stock is owned by institutional investors.

Insider Buying and Selling at Life Time Group

In related news, Director John G. Danhakl sold 11,655,582 shares of the business’s stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $29.38, for a total transaction of $342,440,999.16. Following the transaction, the director directly owned 29,898,037 shares in the company, valued at approximately $878,404,327.06. The trade was a 28.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Erik Weaver sold 18,000 shares of the business’s stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $28.74, for a total transaction of $517,320.00. Following the transaction, the chief financial officer owned 86,611 shares in the company, valued at approximately $2,489,200.14. This trade represents a 17.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,548,155 shares of company stock valued at $691,624,905 in the last quarter. 8.70% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

LTH has been the subject of a number of research reports. Guggenheim reissued a “buy” rating and issued a $36.00 price objective on shares of Life Time Group in a research note on Tuesday, June 24th. Morgan Stanley boosted their price target on shares of Life Time Group from $33.00 to $34.00 and gave the company an “equal weight” rating in a research note on Friday, May 9th. Craig Hallum upgraded shares of Life Time Group to a “buy” rating and set a $45.00 price objective on the stock in a report on Friday, May 23rd. Finally, BMO Capital Markets set a $28.00 price objective on shares of Life Time Group and gave the company a “hold” rating in a report on Friday, March 14th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Life Time Group presently has an average rating of “Moderate Buy” and an average price target of $35.92.

Life Time Group Trading Down 0.3%

NYSE:LTH opened at $29.23 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.43 and a quick ratio of 0.31. The firm has a 50-day moving average of $29.36 and a 200-day moving average of $28.91. The company has a market cap of $6.41 billion, a PE ratio of 30.45 and a beta of 1.74. Life Time Group Holdings, Inc. has a one year low of $18.53 and a one year high of $34.99.

Life Time Group (NYSE:LTH) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.12. Life Time Group had a net margin of 7.60% and a return on equity of 8.29%. The business had revenue of $706.04 million for the quarter, compared to analysts’ expectations of $684.06 million. During the same period in the previous year, the company earned $0.15 earnings per share. The firm’s revenue for the quarter was up 18.3% compared to the same quarter last year. As a group, equities research analysts expect that Life Time Group Holdings, Inc. will post 0.74 EPS for the current fiscal year.

About Life Time Group

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.