MSD Partners L.P. Decreases Stock Holdings in Life Time Group Holdings, Inc. (NYSE:LTH)

MSD Partners L.P. reduced its position in shares of Life Time Group Holdings, Inc. (NYSE:LTH) by 95.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,264 shares of the company’s stock after selling 219,743 shares during the period. Life Time Group accounts for approximately 0.2% of MSD Partners L.P.’s portfolio, making the stock its 13th largest position. MSD Partners L.P.’s holdings in Life Time Group were worth $251,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. PDT Partners LLC boosted its holdings in Life Time Group by 22.2% in the third quarter. PDT Partners LLC now owns 85,783 shares of the company’s stock valued at $2,095,000 after acquiring an additional 15,587 shares in the last quarter. Walleye Capital LLC purchased a new stake in shares of Life Time Group in the 3rd quarter worth about $1,129,000. FORA Capital LLC bought a new stake in shares of Life Time Group during the 3rd quarter valued at about $840,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Life Time Group during the third quarter valued at about $5,131,000. Finally, FMR LLC raised its stake in Life Time Group by 268.2% in the third quarter. FMR LLC now owns 5,011 shares of the company’s stock worth $122,000 after buying an additional 3,650 shares in the last quarter. 79.40% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

LTH has been the topic of several research reports. Bank of America lifted their price objective on Life Time Group from $29.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, September 6th. Morgan Stanley upped their price target on 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. Evercore ISI assumed coverage on Life Time Group in a research report on Friday, November 22nd. They set an “outperform” rating and a $29.00 price objective for the company. Wells Fargo & Company boosted their target price on shares of Life Time Group from $21.00 to $25.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. Finally, Northland Securities boosted 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, October 25th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $27.78.

Life Time Group Stock Performance

Shares of LTH opened at $24.27 on Friday. Life Time Group Holdings, Inc. has a 12 month low of $11.89 and a 12 month high of $27.11. The business’s fifty day simple moving average is $24.39 and its two-hundred day simple moving average is $21.82. The company has a current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 0.64. The company has a market cap of $5.02 billion, a price-to-earnings ratio of 35.17, a P/E/G ratio of 1.56 and a beta of 1.89.

Life Time Group (NYSE:LTH) last released its quarterly earnings data on Thursday, October 24th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.01). Life Time Group had a net margin of 5.67% and a return on equity of 6.42%. The business had revenue of $693.20 million for the quarter, compared to analysts’ expectations of $684.13 million. During the same period last year, the business earned $0.09 earnings per share. The company’s quarterly revenue was up 18.5% on a year-over-year basis. Research analysts anticipate that Life Time Group Holdings, Inc. will post 0.56 earnings per share for the current fiscal year.

Insider Activity

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 transaction, the chief financial officer now directly owns 75,866 shares in the company, valued at approximately $1,963,412.08. The trade was a 5.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Parham Javaheri sold 168,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $24.57, for a total value of $4,127,760.00. Following the completion of the transaction, the executive vice president now directly owns 243,938 shares in the company, valued at $5,993,556.66. This trade represents a 40.78 % decrease in their position. The disclosure for this sale can be found here. 12.50% of the stock is owned by corporate 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.