Rockefeller Capital Management L.P. Boosts Holdings in Life Time Group Holdings, Inc. $LTH

by · The Markets Daily

Rockefeller Capital Management L.P. raised its position in Life Time Group Holdings, Inc. (NYSE:LTH – Free Report) by 2,885.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,779 shares of the company’s stock after purchasing an additional 14,284 shares during the period. Rockefeller Capital Management L.P.’s holdings in Life Time Group were worth $393,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Kestra Advisory Services LLC increased its holdings in shares of Life Time Group by 4.0% in the fourth quarter. Kestra Advisory Services LLC now owns 10,950 shares of the company’s stock worth $291,000 after purchasing an additional 420 shares during the period. Harbour Investments Inc. grew its position in Life Time Group by 8.8% during the fourth quarter. Harbour Investments Inc. now owns 6,387 shares of the company’s stock worth $170,000 after buying an additional 516 shares in the last quarter. Strs Ohio grew its position in Life Time Group by 10.0% during the fourth quarter. Strs Ohio now owns 6,600 shares of the company’s stock worth $175,000 after buying an additional 600 shares in the last quarter. Steward Partners Investment Advisory LLC increased its stake in Life Time Group by 13.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 6,119 shares of the company’s stock worth $163,000 after acquiring an additional 717 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in Life Time Group by 144.5% in the 4th quarter. GAMMA Investing LLC now owns 1,220 shares of the company’s stock worth $32,000 after acquiring an additional 721 shares during the last quarter. 79.40% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Ritadhwaja Jebens Singh sold 67,751 shares of the company’s stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $38.65, for a total value of $2,618,576.15. Following the completion of the sale, the executive vice president owned 138,351 shares of the company’s stock, valued at approximately $5,347,266.15. This represents a 32.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John G. Danhakl sold 2,208,580 shares of the stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $28.60, for a total transaction of $63,165,388.00. Following the transaction, the director directly owned 11,027,703 shares in the company, valued at approximately $315,392,305.80. This represents a 16.69% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 27,943,861 shares of company stock worth $857,228,555 in the last ninety days. 13.30% of the stock is currently owned by insiders.

Life Time Group Stock Performance

Shares of NYSE LTH opened at $40.71 on Monday. The stock has a market cap of $9.06 billion, a price-to-earnings ratio of 23.81, a P/E/G ratio of 1.68 and a beta of 1.51. The company has a current ratio of 0.53, a quick ratio of 0.42 and a debt-to-equity ratio of 0.46. Life Time Group Holdings, Inc. has a 1-year low of $24.14 and a 1-year high of $41.79. The stock’s 50-day moving average is $33.74 and its 200 day moving average is $29.72.

Life Time Group (NYSE:LTH – Get Free Report) last issued its earnings results on Tuesday, May 5th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.03. Life Time Group had a return on equity of 10.10% and a net margin of 12.56%.The business had revenue of $788.70 million during the quarter, compared to analyst estimates of $787.65 million. During the same quarter in the prior year, the firm earned $0.39 earnings per share. Life Time Group’s revenue for the quarter was up 11.7% on a year-over-year basis. On average, sell-side analysts anticipate that Life Time Group Holdings, Inc. will post 1.48 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on LTH. The Goldman Sachs Group reiterated a “neutral” rating and set a $37.00 price target on shares of Life Time Group in a research report on Wednesday, May 6th. Jefferies Financial Group upped their price objective on shares of Life Time Group from $41.00 to $51.00 and gave the stock a “buy” rating in a research report on Monday, June 29th. Guggenheim raised their target price on shares of Life Time Group from $36.00 to $41.00 and gave the company a “buy” rating in a research note on Monday, June 15th. Oppenheimer lifted their target price on shares of Life Time Group from $43.00 to $60.00 and gave the company an “outperform” rating in a research report on Thursday, June 25th. Finally, Royal Bank Of Canada boosted their price target on shares of Life Time Group from $38.00 to $43.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 2nd. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Life Time Group presently has an average rating of “Moderate Buy” and an average target price of $44.00.

Check Out Our Latest Analysis on LTH

Life Time Group Profile

(Free Report)

Life Time Group (NYSE: LTH) is a premier operator of health, fitness and lifestyle centers across North America. The company’s core business encompasses the development, ownership and management of premium athletic resorts that integrate state-of-the-art fitness facilities, group exercise studios, indoor and outdoor pools, running tracks, and spa and salon services. In addition to its brick-and-mortar clubs, Life Time offers a digital platform featuring on-demand and live-streamed workouts, personalized training programs and nutrition guidance, enabling members to pursue their wellness goals both at home and on the go.

Founded in 1992 and headquartered in Chanhassen, Minnesota, Life Time has grown from a single Minnesota health club into a network of more than 160 locations across the United States and Canada.

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