Life Time Group Holdings, Inc. $LTH Shares Newly Acquired by Integrity Alliance LLC.

Integrity Alliance LLC. acquired a new stake in Life Time Group Holdings, Inc. (NYSE:LTH) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 10,660 shares of the company’s stock, valued at approximately $425,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP grew its holdings 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 worth $217,929,000 after purchasing an additional 1,068,208 shares during the period. Wellington Management Group LLP increased its position in Life Time Group by 1.6% during the 2nd quarter. Wellington Management Group LLP now owns 6,308,310 shares of the company’s stock worth $257,631,000 after purchasing an additional 99,154 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Life Time Group by 18.1% in the first quarter. Principal Financial Group Inc. now owns 2,589,462 shares of the company’s stock valued at $69,760,000 after buying an additional 397,248 shares during the period. The Manufacturers Life Insurance Company raised its holdings in Life Time Group by 38.7% in 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 buying 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% in 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 buying an additional 380,610 shares during the period. 79.40% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Life Time Group

In other Life Time Group news, CFO Erik Weaver sold 6,713 shares of the firm’s stock in a transaction that occurred on Friday, October 30th. The stock was sold at an average price of $44.83, for a total transaction of $300,943.79. Following the completion of the sale, the chief financial officer owned 76,418 shares in the company, valued at $3,425,818.94. This trade represents a 8.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Ritadhwaja Singh sold 154,912 shares of the firm’s stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $42.00, for a total value of $6,506,304.00. Following the sale, the executive vice president owned 138,351 shares of the company’s stock, valued at approximately $5,810,742. This trade represents a 52.82% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 6,214,115 shares of company stock valued at $272,178,518 in the last three months. 13.30% of the stock is currently owned by company insiders.

Life Time Group Stock Performance

NYSE:LTH opened at $47.08 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.73 and a quick ratio of 0.63. The firm has a 50-day moving average of $41.80 and a two-hundred day moving average of $35.72. The stock has a market cap of $10.57 billion, a P/E ratio of 25.58, a PEG ratio of 1.48 and a beta of 1.46. Life Time Group Holdings, Inc. has a 1-year low of $24.45 and a 1-year high of $48.61.

Life Time Group (NYSE:LTH) last announced its earnings results on Thursday, October 29th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.10. Life Time Group had a return on equity of 11.01% and a net margin of 12.72%. The business had revenue of $893.52 million for the quarter, compared to analyst estimates of $874.98 million. During the same period in the previous year, the company earned $0.41 earnings per share. The company’s revenue for the quarter was up 14.1% compared to the same quarter last year. On average, research analysts expect that Life Time Group Holdings, Inc. will post 1.63 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

LTH has been the topic of a number of recent research reports. KeyCorp lifted their price target on shares of Life Time Group from $52.00 to $55.00 and gave the company an “overweight” rating in a research report on Friday, October 30th. Barclays initiated coverage on shares of Life Time Group in a research report on Monday, October 26th. They issued an “overweight” rating and a $51.00 price objective for the company. UBS Group set a $63.00 target price on shares of Life Time Group in a research note on Wednesday, September 23rd. Weiss Ratings restated a “buy (b)” rating on shares of Life Time Group in a report on Tuesday. Finally, Mizuho lifted their target price on shares of Life Time Group from $64.00 to $68.00 and gave the company an “outperform” rating in a report on Tuesday, October 27th. Fifteen equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Life Time Group has an average rating of “Moderate Buy” and an average price target of $56.14.

Life Time Group Company Profile

Life Time Group Holdings, Inc operates a network of fitness and wellness clubs in the United States and Canada. Its locations combine fitness facilities with services and amenities such as group exercise classes, personal training, swimming, racquet sports, spa services, and dining.

The company also offers digital fitness and wellness content through its app and other platforms, complementing its in-person club services. Its clubs are designed to serve individuals and families with a range of fitness, recreation, and wellness programs.

Founded in 1992 as Life Time Fitness, the company is headquartered in Chanhassen, Minnesota.