Hood River Capital Management LLC Grows Stock Holdings in Life Time Group Holdings, Inc. $LTH

by · The Cerbat Gem

Hood River Capital Management LLC boosted its holdings in Life Time Group Holdings, Inc. (NYSE:LTH – Free Report) by 21.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,311,182 shares of the company’s stock after buying an additional 581,324 shares during the quarter. Life Time Group makes up about 1.4% of Hood River Capital Management LLC’s holdings, making the stock its 15th largest position. Hood River Capital Management LLC owned 1.51% of Life Time Group worth $100,428,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of LTH. Zions Bancorporation National Association UT increased its holdings in shares of Life Time Group by 1.6% in the 2nd quarter. Zions Bancorporation National Association UT now owns 43,570 shares of the company’s stock valued at $1,321,000 after acquiring an additional 699 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in Life Time Group by 98.9% during the second quarter. Nisa Investment Advisors LLC now owns 1,506 shares of the company’s stock worth $46,000 after purchasing an additional 749 shares in the last quarter. Teacher Retirement System of Texas lifted its position in shares of Life Time Group by 6.5% during the 2nd quarter. Teacher Retirement System of Texas now owns 14,877 shares of the company’s stock worth $451,000 after buying an additional 907 shares during the last quarter. Savant Capital LLC boosted its holdings in shares of Life Time Group by 12.5% in the 2nd quarter. Savant Capital LLC now owns 8,780 shares of the company’s stock valued at $266,000 after buying an additional 977 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in shares of Life Time Group by 201.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,499 shares of the company’s stock valued at $45,000 after buying an additional 1,002 shares during the last quarter. 79.40% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Life Time Group news, EVP Eric J. Buss sold 74,487 shares of the business’s stock in a transaction that occurred on Friday, November 28th. The stock was sold at an average price of $28.05, for a total transaction of $2,089,360.35. Following the transaction, the executive vice president owned 380,683 shares in the company, valued at approximately $10,678,158.15. The trade was a 16.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director John Kristofer Galashan sold 4,991,976 shares of the firm’s stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $28.95, for a total value of $144,517,705.20. Following the completion of the sale, the director directly owned 24,906,061 shares of the company’s stock, valued at $721,030,465.95. This represents a 16.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 10,971,714 shares of company stock worth $317,397,348 in the last three months. Company insiders own 8.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on LTH shares. Weiss Ratings restated a “hold (c+)” rating on shares of Life Time Group in a research note on Wednesday, October 8th. Zacks Research raised Life Time Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 11th. Morgan Stanley decreased their price objective on Life Time Group from $39.00 to $37.00 and set an “overweight” rating for the company in a report on Wednesday, November 12th. Finally, UBS Group set a $48.00 target price on shares of Life Time Group in a report on Friday, October 17th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Life Time Group has an average rating of “Moderate Buy” and an average target price of $37.00.

View Our Latest Stock Analysis on LTH

Life Time Group Price Performance

Shares of NYSE LTH opened at $26.71 on Monday. The stock has a fifty day moving average price of $26.06 and a 200 day moving average price of $27.69. 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 debt-to-equity ratio of 0.50, a current ratio of 0.67 and a quick ratio of 0.55. The company has a market cap of $5.89 billion, a PE ratio of 20.71, a P/E/G ratio of 0.85 and a beta of 1.67.

Life Time Group (NYSE:LTH – Get Free Report) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.07. The company had revenue of $782.65 million during the quarter, compared to the consensus estimate of $770.93 million. Life Time Group had a net margin of 9.91% and a return on equity of 9.75%. Sell-side analysts forecast that Life Time Group Holdings, Inc. will post 0.74 EPS for the current year.

Life Time Group Profile

(Free Report)

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.

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