Intech Investment Management LLC Purchases Shares of 14,603 Life Time Group Holdings, Inc. (NYSE:LTH)

Intech Investment Management LLC purchased a new stake in shares of Life Time Group Holdings, Inc. (NYSE:LTH) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 14,603 shares of the company’s stock, valued at approximately $357,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in LTH. Farther Finance Advisors LLC raised its holdings in shares of Life Time Group by 105.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,762 shares of the company’s stock worth $43,000 after acquiring an additional 906 shares during the last quarter. Amalgamated Bank raised its holdings in shares of Life Time Group by 38.2% in the 2nd quarter. Amalgamated Bank now owns 2,036 shares of the company’s stock worth $38,000 after acquiring an additional 563 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of Life Time Group by 345.5% in the 3rd quarter. Blue Trust Inc. now owns 2,940 shares of the company’s stock worth $72,000 after acquiring an additional 2,280 shares during the last quarter. Dnca Finance acquired a new stake in shares of Life Time Group in the 2nd quarter worth about $72,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Life Time Group in the 2nd quarter worth about $141,000. Institutional investors own 79.40% of the company’s stock.

Life Time Group Trading Up 0.7 %

Shares of LTH opened at $24.13 on Wednesday. The firm’s 50-day moving average price is $24.35 and its 200-day moving average price is $21.99. The firm has a market capitalization of $4.99 billion, a price-to-earnings ratio of 34.96, a PEG ratio of 1.54 and a beta of 1.88. The company has a current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 0.64. Life Time Group Holdings, Inc. has a 1-year low of $11.89 and a 1-year high of $27.11.

Life Time Group (NYSE:LTH) last released its earnings results 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). The business had revenue of $693.20 million for the quarter, compared to analysts’ expectations of $684.13 million. Life Time Group had a net margin of 5.67% and a return on equity of 6.42%. Life Time Group’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.09 earnings per share. Sell-side analysts anticipate that Life Time Group Holdings, Inc. will post 0.56 EPS for the current year.

Analysts Set New Price Targets

Several research firms have commented on LTH. Wells Fargo & Company increased their price objective on shares of Life Time Group from $21.00 to $25.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 16th. Evercore ISI assumed coverage on shares of Life Time Group in a research note on Friday, November 22nd. They issued an “outperform” rating and a $29.00 price objective for the company. Bank of America raised their price target 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. Northland Securities raised their price target 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. Finally, Morgan Stanley raised their price target 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. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $27.78.

Insider Activity at Life Time Group

In other Life Time Group news, CFO Erik Weaver sold 4,662 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $25.88, for a total transaction of $120,652.56. Following the completion of the sale, the chief financial officer now directly owns 75,866 shares of the company’s stock, valued at approximately $1,963,412.08. This represents a 5.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Parham Javaheri sold 168,000 shares of the company’s stock in a transaction on 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 sale, the executive vice president now owns 243,938 shares of the company’s stock, valued at $5,993,556.66. This trade represents a 40.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.50% of the stock is 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.