Daiwa Securities Group Inc. Buys 5,020 Shares of Life Time Group Holdings, Inc. (NYSE:LTH)

Daiwa Securities Group Inc. lifted its stake in shares of Life Time Group Holdings, Inc. (NYSE:LTH) by 35.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,170 shares of the company’s stock after acquiring an additional 5,020 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Life Time Group were worth $361,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in LTH. Dnca Finance bought a new stake in Life Time Group during the second quarter worth approximately $72,000. SG Americas Securities LLC bought a new stake in shares of Life Time Group during the 2nd quarter worth $141,000. Entropy Technologies LP acquired a new position in Life Time Group in the 1st quarter valued at $198,000. Price T Rowe Associates Inc. MD raised its holdings in Life Time Group by 17.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,769 shares of the company’s stock worth $199,000 after acquiring an additional 1,866 shares during the period. Finally, Assetmark Inc. lifted its position in Life Time Group by 17.5% during the 4th quarter. Assetmark Inc. now owns 14,305 shares of the company’s stock worth $216,000 after acquiring an additional 2,133 shares during the last quarter. Institutional investors and hedge funds own 79.40% of the company’s stock.

Life Time Group Price Performance

NYSE:LTH opened at $24.45 on Tuesday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.32 and a current ratio of 0.44. The company has a 50-day moving average of $22.43 and a 200-day moving average of $18.09. Life Time Group Holdings, Inc. has a 52 week low of $11.10 and a 52 week high of $25.25. The company has a market capitalization of $4.86 billion, a price-to-earnings ratio of 67.92, a PEG ratio of 3.03 and a beta of 1.87.

Life Time Group (NYSE:LTH) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.10. The firm had revenue of $667.80 million during the quarter, compared to analyst estimates of $634.92 million. Life Time Group had a net margin of 4.54% and a return on equity of 5.36%. The company’s quarterly revenue was up 18.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.08 earnings per share. As a group, equities research analysts anticipate that Life Time Group Holdings, Inc. will post 0.56 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Life Time Group news, Director John G. Danhakl sold 3,575,000 shares of the company’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $20.88, for a total value of $74,646,000.00. Following the sale, the director now directly owns 55,166,700 shares in the company, valued at $1,151,880,696. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Life Time Group news, 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 value of $74,646,000.00. Following the transaction, the director now directly owns 55,166,700 shares in the company, valued at $1,151,880,696. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Partners Group Private Equity sold 650,000 shares of the company’s stock in a transaction dated Wednesday, August 14th. The stock was 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 in the company, valued at $123,804,786.24. The disclosure for this sale can be found here. 12.50% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

LTH has been the topic of a number of recent analyst reports. The Goldman Sachs Group lifted their price objective on Life Time Group from $15.00 to $22.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Wells Fargo & Company upped their price target on Life Time Group from $15.00 to $20.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 31st. Royal Bank of Canada raised 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. Bank of America upped their target price on shares of Life Time Group from $29.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, September 6th. Finally, Northland Securities raised their price target on shares of Life Time Group from $27.00 to $28.50 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Life Time Group presently has an average rating of “Moderate Buy” and a consensus target price of $25.56.

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.