Farther Finance Advisors LLC Has $43,000 Stock Holdings in Life Time Group Holdings, Inc. (NYSE:LTH)

Farther Finance Advisors LLC raised its position in Life Time Group Holdings, Inc. (NYSE:LTH) by 105.8% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 1,762 shares of the company’s stock after acquiring an additional 906 shares during the period. Farther Finance Advisors LLC’s holdings in Life Time Group were worth $43,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of LTH. Amalgamated Bank increased its position in shares of Life Time Group by 38.2% in the second quarter. Amalgamated Bank now owns 2,036 shares of the company’s stock valued at $38,000 after acquiring an additional 563 shares during the last quarter. Blue Trust Inc. increased its position in shares of Life Time Group by 345.5% during the 3rd quarter. Blue Trust Inc. now owns 2,940 shares of the company’s stock worth $72,000 after purchasing an additional 2,280 shares during the last quarter. Dnca Finance bought a new stake in shares of Life Time Group during the 2nd quarter worth approximately $72,000. SG Americas Securities LLC bought a new stake in shares of Life Time Group during the 2nd quarter worth approximately $141,000. Finally, Hsbc Holdings PLC acquired a new stake in shares of Life Time Group in the 2nd quarter valued at approximately $192,000. Institutional investors and hedge funds own 79.40% of the company’s stock.

Life Time Group Price Performance

Shares of NYSE LTH opened at $23.84 on Friday. The firm has a market cap of $4.93 billion, a P/E ratio of 35.04, a price-to-earnings-growth ratio of 1.55 and a beta of 1.89. The business’s 50 day moving average is $24.40 and its 200-day moving average is $20.99. 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 posted its quarterly earnings data on Thursday, October 24th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.01). The firm had revenue of $693.20 million for the quarter, compared to the consensus estimate of $684.13 million. Life Time Group had a return on equity of 6.42% and a net margin of 5.67%. The firm’s quarterly revenue was up 18.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.09 EPS. Equities research analysts predict that Life Time Group Holdings, Inc. will post 0.56 earnings per share for the current year.

Insiders Place Their Bets

In other Life Time Group 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 value of $120,652.56. Following the completion of the transaction, the chief financial officer now directly owns 75,866 shares of the company’s stock, valued at $1,963,412.08. The trade was a 5.79 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 12.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on LTH. Craig Hallum began coverage on shares of Life Time Group in a report on Friday, July 19th. They set a “buy” rating and a $30.00 target price on the stock. The Goldman Sachs Group raised their target price on shares of Life Time Group from $15.00 to $22.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Morgan Stanley lifted their price target on Life Time Group from $21.00 to $29.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th. Wells Fargo & Company upped their price objective on 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. Finally, Royal Bank of Canada lifted their target price on Life Time Group from $20.00 to $27.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $27.63.

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.