Life Time Group Holdings, Inc. (NYSE:LTH) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP increased its position in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 19.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,658,902 shares of the company's stock after acquiring an additional 770,766 shares during the quarter. Dimensional Fund Advisors LP owned about 2.34% of Life Time Group worth $87,728,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. American Century Companies Inc. raised its stake in shares of Life Time Group by 402.6% during the 2nd quarter. American Century Companies Inc. now owns 104,431 shares of the company's stock worth $1,966,000 after acquiring an additional 83,654 shares in the last quarter. Daiwa Securities Group Inc. raised its stake in shares of Life Time Group by 35.5% during the 2nd quarter. Daiwa Securities Group Inc. now owns 19,170 shares of the company's stock worth $361,000 after acquiring an additional 5,020 shares in the last quarter. Quest Partners LLC bought a new position in shares of Life Time Group during the 2nd quarter worth approximately $549,000. Rhumbline Advisers raised its stake in shares of Life Time Group by 32.7% during the 2nd quarter. Rhumbline Advisers now owns 92,669 shares of the company's stock worth $1,745,000 after acquiring an additional 22,836 shares in the last quarter. Finally, Braun Stacey Associates Inc. bought a new position in shares of Life Time Group during the 2nd quarter worth approximately $7,486,000. Institutional investors own 79.40% of the company's stock.

Analyst Upgrades and Downgrades

LTH has been the topic of a number of recent analyst reports. The Goldman Sachs Group upped their price target on shares of Life Time Group from $15.00 to $22.00 and gave the company a "neutral" rating in a research note on Friday, August 2nd. Northland Securities upped their price target on shares of Life Time Group from $27.00 to $28.50 and gave the company an "outperform" rating in a research note on Friday, August 2nd. Royal Bank of Canada upped their price target on shares of Life Time Group from $20.00 to $27.00 and gave the company an "outperform" rating in a research note on Friday, August 2nd. Craig Hallum initiated coverage on shares of Life Time Group in a research note on Friday, July 19th. They set a "buy" rating and a $30.00 price target on the stock. Finally, Wells Fargo & Company upped their price target on shares of Life Time Group from $15.00 to $20.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 31st. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $25.56.

Life Time Group Stock Performance

Shares of LTH stock traded down $0.48 during trading hours on Thursday, hitting $24.42. The company's stock had a trading volume of 1,118,008 shares, compared to its average volume of 1,079,322. The company has a 50 day moving average of $23.17 and a 200 day moving average of $18.59. The stock has a market cap of $4.87 billion, a PE ratio of 67.83, a price-to-earnings-growth ratio of 3.18 and a beta of 1.87. The company has a current ratio of 0.44, a quick ratio of 0.32 and a debt-to-equity ratio of 0.77. Life Time Group Holdings, Inc. has a 12-month low of $11.10 and a 12-month high of $25.75.

Life Time Group (NYSE:LTH - Get Free Report) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.16 by $0.10. Life Time Group had a net margin of 4.54% and a return on equity of 5.36%. The business had revenue of $667.80 million for the quarter, compared to the consensus estimate of $634.92 million. During the same period in the prior year, the firm earned $0.08 EPS. The business's revenue for the quarter was up 18.9% on a year-over-year basis. On average, sell-side analysts forecast that Life Time Group Holdings, Inc. will post 0.56 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director John G. Danhakl sold 3,575,000 shares of the stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $20.88, for a total transaction of $74,646,000.00. Following the sale, the director now directly owns 55,166,700 shares of the company's stock, valued at $1,151,880,696. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, major shareholder Partners Group Private Equity sold 650,000 shares of the stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $20.88, for a total value of $13,572,000.00. Following the completion of the sale, the insider now directly owns 5,929,348 shares in the company, valued at $123,804,786.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director John G. Danhakl sold 3,575,000 shares of the stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $20.88, for a total transaction of $74,646,000.00. Following the completion of the sale, the director now owns 55,166,700 shares of the company's stock, valued at $1,151,880,696. The disclosure for this sale can be found here. 12.50% of the stock is currently owned by insiders.

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.