Short Interest in Life Time Group Holdings, Inc. (NYSE:LTH) Decreases By 21.0%

Life Time Group Holdings, Inc. (NYSE:LTH) saw a significant decline in short interest in the month of October. As of October 15th, there was short interest totalling 5,590,000 shares, a decline of 21.0% from the September 30th total of 7,080,000 shares. Based on an average daily trading volume, of 1,790,000 shares, the days-to-cover ratio is presently 3.1 days. Currently, 7.9% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Bank of America upped their price objective on shares of Life Time Group from $29.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. Morgan Stanley upped their price objective on shares of Life Time Group from $21.00 to $29.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 16th. Northland Securities upped their price objective on shares of Life Time Group from $28.50 to $29.00 and gave the stock an “outperform” rating in a research note on Friday. Wells Fargo & Company upped their price objective on shares of Life Time Group from $21.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 16th. Finally, Royal Bank of Canada upped their price objective on shares of Life Time Group from $20.00 to $27.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.63.

Life Time Group Stock Up 1.0 %

Shares of LTH traded up $0.24 during mid-day trading on Friday, hitting $23.51. 1,590,036 shares of the company traded hands, compared to its average volume of 1,111,351. Life Time Group has a 1-year low of $11.10 and a 1-year high of $27.11. The company has a quick ratio of 0.32, a current ratio of 0.44 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $4.67 billion, a PE ratio of 65.31, a price-to-earnings-growth ratio of 3.35 and a beta of 1.87. The business has a 50 day moving average of $24.48 and a 200 day moving average of $20.15.

Life Time Group (NYSE:LTH) last posted its quarterly earnings data on Thursday, October 24th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.01). Life Time Group had a net margin of 4.54% and a return on equity of 5.36%. The company had revenue of $693.20 million for the quarter, compared to analyst estimates of $684.13 million. During the same quarter last year, the company earned $0.09 EPS. The business’s revenue was up 18.5% compared to the same quarter last year. Equities research analysts anticipate that Life Time Group will post 0.58 EPS for the current year.

Insiders Place Their Bets

In other Life Time Group news, major shareholder Partners Group Private Equity sold 650,000 shares of Life Time Group stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $20.88, for a total transaction of $13,572,000.00. Following the completion of the transaction, the insider now directly owns 5,929,348 shares of the company’s stock, valued at $123,804,786.24. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director John G. Danhakl sold 3,575,000 shares of the business’s 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 completion of the sale, the director now directly owns 55,166,700 shares of the company’s stock, valued at approximately $1,151,880,696. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Partners Group Private Equity sold 650,000 shares of the business’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $20.88, for a total transaction of $13,572,000.00. Following the sale, the insider now directly owns 5,929,348 shares of the company’s stock, valued at $123,804,786.24. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,229,662 shares of company stock valued at $88,338,653 over the last three months. 12.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Life Time Group

Several hedge funds have recently modified their holdings of LTH. Quantbot Technologies LP increased its holdings in Life Time Group by 1,443.3% in the 1st quarter. Quantbot Technologies LP now owns 73,986 shares of the company’s stock worth $1,148,000 after buying an additional 69,192 shares during the period. American Century Companies Inc. increased its holdings in Life Time Group by 402.6% in the 2nd quarter. American Century Companies Inc. now owns 104,431 shares of the company’s stock worth $1,966,000 after buying an additional 83,654 shares during the period. Quest Partners LLC acquired a new position in Life Time Group in the 2nd quarter worth approximately $549,000. Point72 Asset Management L.P. increased its holdings in Life Time Group by 24.8% in the 2nd quarter. Point72 Asset Management L.P. now owns 377,624 shares of the company’s stock worth $7,111,000 after buying an additional 75,054 shares during the period. Finally, Peregrine Asset Advisers Inc. acquired a new position in Life Time Group in the 2nd quarter worth approximately $3,134,000. Institutional investors and hedge funds own 79.40% of the company’s stock.

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.