Life Time Group Holdings, Inc. (NYSE:LTH) Shares Sold by MSD Capital L P

MSD Capital L P lowered its position in Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 95.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 502,112 shares of the company's stock after selling 11,192,988 shares during the quarter. Life Time Group makes up approximately 2.0% of MSD Capital L P's holdings, making the stock its 4th biggest position. MSD Capital L P owned about 0.24% of Life Time Group worth $12,262,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Amalgamated Bank grew its holdings in Life Time Group by 38.2% in the 2nd quarter. Amalgamated Bank now owns 2,036 shares of the company's stock valued at $38,000 after buying an additional 563 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of Life Time Group by 105.8% in the third quarter. Farther Finance Advisors LLC now owns 1,762 shares of the company's stock worth $43,000 after acquiring an additional 906 shares during the last quarter. Dnca Finance bought a new position in Life Time Group during the second quarter worth $72,000. Blue Trust Inc. raised its stake in Life Time Group by 345.5% during the 3rd quarter. Blue Trust Inc. now owns 2,940 shares of the company's stock valued at $72,000 after purchasing an additional 2,280 shares during the last quarter. Finally, FMR LLC boosted its holdings in Life Time Group by 268.2% in the 3rd quarter. FMR LLC now owns 5,011 shares of the company's stock valued at $122,000 after purchasing an additional 3,650 shares during the period. 79.40% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on the company. Evercore ISI assumed coverage on Life Time Group in a research report on Friday, November 22nd. They issued an "outperform" rating and a $29.00 price objective for the company. Bank of America raised their target price on Life Time Group from $29.00 to $30.00 and gave the stock a "buy" rating in a research report on Friday, September 6th. Wells Fargo & Company increased their price objective on shares of Life Time Group from $21.00 to $25.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 16th. Morgan Stanley lifted their target price on shares of Life Time Group from $21.00 to $29.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 16th. Finally, Northland Securities increased their price target on shares of Life Time Group from $28.50 to $29.00 and gave the stock an "outperform" rating in a research report on Friday, October 25th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $27.78.

Insiders Place Their Bets

In related news, CFO Erik Weaver sold 4,662 shares of Life Time Group stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $25.88, for a total transaction of $120,652.56. Following the completion of the sale, the chief financial officer now directly owns 75,866 shares of the company's stock, valued at $1,963,412.08. The trade was a 5.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Parham Javaheri sold 168,000 shares of the company's stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $24.57, for a total value of $4,127,760.00. Following the completion of the sale, the executive vice president now owns 243,938 shares of the company's stock, valued at $5,993,556.66. This represents a 40.78 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 12.50% of the company's stock.

Life Time Group Price Performance

Shares of LTH stock traded up $0.21 during trading hours on Friday, hitting $24.27. 531,712 shares of the company's stock were exchanged, compared to its average volume of 1,070,230. The stock's 50-day moving average is $24.39 and its 200-day moving average is $21.82. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.59 and a quick ratio of 0.46. Life Time Group Holdings, Inc. has a 52 week low of $11.89 and a 52 week high of $27.11. The stock has a market cap of $5.02 billion, a price-to-earnings ratio of 35.17, a price-to-earnings-growth ratio of 1.56 and a beta of 1.89.

Life Time Group (NYSE:LTH - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.01). Life Time Group had a return on equity of 6.42% and a net margin of 5.67%. The company had revenue of $693.20 million for the quarter, compared to the consensus estimate of $684.13 million. During the same period in the prior year, the company earned $0.09 EPS. The firm's revenue was up 18.5% compared to the same quarter last year. As a group, research analysts forecast that Life Time Group Holdings, Inc. will post 0.56 EPS for the current 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.