Principal Financial Group Inc. Sells 94,543 Shares of Life Time Group Holdings, Inc. (NYSE:LTH)

Principal Financial Group Inc. reduced its stake in Life Time Group Holdings, Inc. (NYSE:LTH) by 2.6% in the second quarter, Holdings Channel.com reports. The institutional investor owned 3,599,662 shares of the company’s stock after selling 94,543 shares during the period. Principal Financial Group Inc.’s holdings in Life Time Group were worth $67,782,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of LTH. Victory Capital Management Inc. increased its stake in shares of Life Time Group by 50.9% during the fourth quarter. Victory Capital Management Inc. now owns 21,518 shares of the company’s stock valued at $324,000 after purchasing an additional 7,260 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Life Time Group by 1.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 423,874 shares of the company’s stock valued at $6,392,000 after purchasing an additional 5,995 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Life Time Group by 21.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,178,654 shares of the company’s stock valued at $47,934,000 after purchasing an additional 558,488 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Life Time Group during the fourth quarter valued at approximately $236,000. Finally, Trexquant Investment LP bought a new position in shares of Life Time Group during the fourth quarter valued at approximately $741,000. 79.40% of the stock is owned by institutional investors.

Life Time Group Trading Up 0.1 %

Life Time Group stock traded up $0.02 during trading hours on Friday, hitting $23.52. The company had a trading volume of 1,125,652 shares, compared to its average volume of 1,025,995. The firm has a market cap of $4.68 billion, a P/E ratio of 65.33, a P/E/G ratio of 3.92 and a beta of 1.86. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.31 and a current ratio of 0.43. Life Time Group Holdings, Inc. has a 1 year low of $11.10 and a 1 year high of $25.25. The company has a 50-day moving average price of $21.29 and a two-hundred day moving average price of $17.17.

Life Time Group (NYSE:LTH) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.10. The company had revenue of $667.80 million during the quarter, compared to analysts’ expectations of $634.92 million. Life Time Group had a net margin of 4.54% and a return on equity of 5.43%. The firm’s quarterly revenue was up 18.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.08 EPS. On average, sell-side analysts anticipate that Life Time Group Holdings, Inc. will post 0.46 earnings per share for the current year.

Analyst Ratings Changes

LTH has been the subject of a number of analyst reports. Northland Securities raised their target price 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. Wells Fargo & Company increased 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 report on Wednesday, July 31st. Mizuho increased their price target on shares of Life Time Group from $23.00 to $29.00 and gave the company a “buy” rating in a report on Monday, May 6th. The Goldman Sachs Group increased their price target on shares of Life Time Group from $15.00 to $22.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Finally, Royal Bank of Canada increased their price target on shares of Life Time Group from $20.00 to $27.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Life Time Group currently has an average rating of “Moderate Buy” and an average target price of $24.93.

Insider Activity

In other news, major shareholder Partners Group Private Equity sold 650,000 shares of the business’s 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 owns 5,929,348 shares in the company, valued at approximately $123,804,786.24. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, major shareholder Partners Group Private Equity sold 650,000 shares of the business’s 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 owns 5,929,348 shares in the company, valued at approximately $123,804,786.24. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John G. Danhakl sold 3,575,000 shares of the business’s 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 approximately $1,151,880,696. The disclosure for this sale can be found here. Company insiders own 12.50% 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.