Fisher Asset Management Boosts Stake in Life Time Group by 57%

Fisher Asset Management LLC has significantly increased its stake in Life Time Group Holdings, Inc. (NYSE:LTH), acquiring an additional 818,911 shares during the third quarter, which represents a 57.1% boost to its holdings. The institutional investor now owns a total of 2,252,256 shares, valued at approximately $62,162,000, according to a recent filing with the Securities and Exchange Commission.

Several other institutional investors have also adjusted their positions in Life Time Group. For instance, EverSource Wealth Advisors LLC raised its holdings by an impressive 201.6% in the second quarter, bringing its total to 1,499 shares valued at $45,000. Similarly, Nisa Investment Advisors LLC increased its stake by 98.9% during the same period, now owning 1,506 shares worth $46,000. Steward Partners Investment Advisory LLC saw a remarkable increase of 2,741.7% in its holdings, owning 1,705 shares valued at $52,000 after acquiring an additional 1,645 shares.

In the latest quarter, Asset Management One Co. Ltd. initiated a new position in Life Time Group, valued at around $69,000. SBI Securities Co. Ltd. also expanded its holdings by 19.6%, now owning 4,222 shares valued at $117,000. Overall, institutional investors collectively own 79.40% of Life Time Group’s stock.

Current Stock Performance and Insider Activity

As of the latest trading session, shares of Life Time Group opened at $26.44, reflecting a 2.1% decline. The company maintains a market capitalization of $5.86 billion, with a price-to-earnings (PE) ratio of 15.93 and a price-to-earnings-growth (PEG) ratio of 1.22. Life Time Group’s debt-to-equity ratio stands at 0.48, while its quick and current ratios are 0.52 and 0.63, respectively. Over the past year, the stock has fluctuated between a low of $24.14 and a high of $34.99.

In related news, Chief Financial Officer Erik Weaver sold 1,493 shares of the company’s stock on February 3, valued at approximately $44,640.70 at an average price of $29.90. After this transaction, Weaver retained 77,771 shares, valued around $2,325,352.90, marking a 1.88% decrease in ownership. Similarly, Executive Vice President Ritadhwaja Jebens Singh sold 5,880 shares for roughly $178,222.80 on the same day. Following this sale, Singh holds 102,144 shares, valued at $3,095,984.64.

Recent insider trades have totaled 19,461 shares valued at $582,482 over the past three months, with corporate insiders currently owning 8.70% of the company’s stock.

Analyst Ratings and Company Overview

Analysts have shared mixed perspectives on Life Time Group. Guggenheim reaffirmed a “buy” rating with a price target of $36.00 on January 23. Meanwhile, Zacks Research downgraded the stock from “hold” to “strong sell” on January 26. Weiss Ratings maintained a “hold (c+)” rating, while Northland Securities set a target price of $42.00. Additionally, Morgan Stanley raised its price objective from $37.00 to $38.00, giving the company an “overweight” rating.

Currently, five analysts have rated Life Time Group with a Buy rating, two have issued a Hold rating, and one has assigned a Sell rating. According to data from MarketBeat.com, the consensus rating is “Moderate Buy” with a target price of $39.71.

Life Time Group Holdings, Inc., headquartered in Chanhassen, Minnesota, operates a network of health, fitness, and lifestyle centers across North America. Established in 1992, the company has expanded from a single health club to over 160 locations across the United States and Canada. Its offerings include state-of-the-art fitness facilities, group exercise studios, and a digital platform for on-demand workouts and nutrition guidance, catering to members’ wellness goals at home and on the go.