Life Time Group Holdings, Inc. (NYSE:LTH) Stake Boosted by Fmr LLC

Fmr LLC increased its stake in Life Time Group Holdings, Inc. (NYSE:LTH) by 268.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,011 shares of the company’s stock after purchasing an additional 3,650 shares during the period. Fmr LLC’s holdings in Life Time Group were worth $122,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in LTH. Amalgamated Bank lifted its stake in 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 buying an additional 563 shares during the last quarter. Farther Finance Advisors LLC increased 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 period. Blue Trust Inc. lifted its position in Life Time Group by 345.5% in the 3rd quarter. Blue Trust Inc. now owns 2,940 shares of the company’s stock valued at $72,000 after purchasing an additional 2,280 shares during the last quarter. SG Americas Securities LLC acquired a new position in Life Time Group during the 2nd quarter valued at about $141,000. Finally, Hsbc Holdings PLC bought a new position in Life Time Group in the 2nd quarter worth about $192,000. Institutional investors and hedge funds own 79.40% of the company’s stock.

Insider Transactions at Life Time Group

In other news, EVP Parham Javaheri sold 168,000 shares of Life Time Group stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $24.57, for a total transaction of $4,127,760.00. Following the sale, the executive vice president now directly owns 243,938 shares in the company, valued at approximately $5,993,556.66. The trade was a 40.78 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Erik Weaver sold 4,662 shares of the stock in a transaction that occurred 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 approximately $1,963,412.08. The trade was a 5.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.50% of the stock is currently owned by company insiders.

Life Time Group Stock Performance

Shares of NYSE LTH opened at $22.31 on Monday. Life Time Group Holdings, Inc. has a 52-week low of $11.89 and a 52-week high of $27.11. The stock’s fifty day simple moving average is $24.00 and its 200 day simple moving average is $22.59. The stock has a market capitalization of $4.62 billion, a price-to-earnings ratio of 32.33, a PEG ratio of 1.49 and a beta of 1.88. The company has a quick ratio of 0.46, a current ratio of 0.59 and a debt-to-equity ratio of 0.64.

Life Time Group (NYSE:LTH) last released its earnings results 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 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%. The company’s revenue was up 18.5% compared to the same quarter last year. During the same period last year, the firm earned $0.09 EPS. As a group, sell-side analysts forecast that Life Time Group Holdings, Inc. will post 0.56 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on LTH shares. Evercore ISI began coverage on Life Time Group in a report on Friday, November 22nd. They set an “outperform” rating and a $29.00 price target on the stock. Northland Securities boosted their price target on Life Time Group from $28.50 to $29.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Wells Fargo & Company raised their price target on Life Time Group from $25.00 to $26.00 and gave the company an “equal weight” rating in a report on Tuesday, December 17th. Bank of America lifted their price objective 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, Morgan Stanley raised their target price on shares of Life Time Group from $21.00 to $29.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 16th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Life Time Group currently has a consensus rating of “Moderate Buy” and an average price target of $27.89.

Life Time Group Profile

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.