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Campbell & CO Investment Adviser LLC bought a new position in Life Time Group Holdings, Inc. (NYSE:LTH – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 10,280 shares of the company’s stock, valued at approximately $312,000.
Several other large investors have also recently bought and sold shares of LTH. Moody National Bank Trust Division boosted its stake in shares of Life Time Group by 12.1% during the 2nd quarter. Moody National Bank Trust Division now owns 112,501 shares of the company’s stock valued at $3,412,000 after buying an additional 12,178 shares during the period. Integrity Alliance LLC. purchased a new stake in shares of Life Time Group during the first quarter worth $305,000. Bank of New York Mellon Corp boosted its position in Life Time Group by 41.5% during the first quarter. Bank of New York Mellon Corp now owns 311,226 shares of the company’s stock valued at $9,399,000 after purchasing an additional 91,311 shares during the last quarter. Millennium Management LLC grew its stake in Life Time Group by 65.7% in the first quarter. Millennium Management LLC now owns 2,038,781 shares of the company’s stock valued at $61,571,000 after purchasing an additional 808,715 shares in the last quarter. Finally, U S Global Investors Inc. acquired a new position in Life Time Group in the 2nd quarter worth about $1,019,000. 79.40% of the stock is owned by institutional investors and hedge funds.
Insider Activity
In other Life Time Group news, Director John G. Danhakl sold 4,991,976 shares of the firm’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $28.95, for a total value of $144,517,705.20. Following the sale, the director owned 24,906,061 shares of the company’s stock, valued at $721,030,465.95. This trade represents a 16.70% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Erik Weaver sold 4,846 shares of Life Time Group stock in a transaction that occurred on Monday, October 13th. The stock was sold at an average price of $25.10, for a total value of $121,634.60. Following the completion of the transaction, the chief financial officer directly owned 81,765 shares in the company, valued at approximately $2,052,301.50. This represents a 5.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 10,743,880 shares of company stock worth $311,008,231 over the last 90 days. Company insiders own 8.70% of the company’s stock.
Analysts Set New Price Targets
Several equities research analysts have recently issued reports on LTH shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Life Time Group in a report on Wednesday, October 8th. UBS Group set a $48.00 target price on shares of Life Time Group in a research report on Friday, October 17th. Wall Street Zen downgraded shares of Life Time Group from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. Zacks Research raised shares of Life Time Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 11th. Finally, Morgan Stanley lowered their target price on shares of Life Time Group from $39.00 to $37.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 12th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Life Time Group presently has an average rating of “Moderate Buy” and a consensus target price of $37.00.
Get Our Latest Research Report on Life Time Group
Life Time Group Stock Performance
NYSE:LTH opened at $24.70 on Tuesday. The firm has a market capitalization of $5.45 billion, a PE ratio of 19.14, a PEG ratio of 0.82 and a beta of 1.68. Life Time Group Holdings, Inc. has a 1 year low of $21.49 and a 1 year high of $34.99. The company has a current ratio of 0.67, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The firm’s fifty day simple moving average is $26.52 and its 200 day simple moving average is $28.06.
Life Time Group (NYSE:LTH – Get Free Report) last released its earnings results on Tuesday, November 4th. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.07. The firm had revenue of $782.65 million during the quarter, compared to analyst estimates of $770.93 million. Life Time Group had a net margin of 9.91% and a return on equity of 9.75%. Life Time Group has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that Life Time Group Holdings, Inc. will post 0.74 EPS 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.
See Also
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