Geode Capital Management LLC Has $36.59 Million Position in Life Time Group Holdings, Inc. (NYSE:LTH)

Geode Capital Management LLC increased its holdings in shares of Life Time Group Holdings, Inc. (NYSE:LTH) by 11.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 1,497,842 shares of the company’s stock after purchasing an additional 152,504 shares during the period. Geode Capital Management LLC owned approximately 0.72% of Life Time Group worth $36,585,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LTH. Farther Finance Advisors LLC grew its stake in shares of Life Time Group by 105.8% in the third 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 boosted its holdings in Life Time Group by 38.2% in the 2nd quarter. Amalgamated Bank now owns 2,036 shares of the company’s stock valued at $38,000 after purchasing an additional 563 shares during the period. Point72 Hong Kong Ltd acquired a new stake in Life Time Group in the 3rd quarter worth $60,000. Blue Trust Inc. increased its holdings 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 period. Finally, FMR LLC raised its holdings in Life Time Group by 268.2% in the 3rd quarter. FMR LLC now owns 5,011 shares of the company’s stock valued at $122,000 after acquiring an additional 3,650 shares in the last quarter. Institutional investors and hedge funds own 79.40% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Evercore ISI started 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 upped their price objective on Life Time Group from $29.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, September 6th. Morgan Stanley raised their target price on Life Time Group from $21.00 to $29.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 16th. Northland Securities upped their price target on Life Time Group from $28.50 to $29.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Finally, Wells Fargo & Company lifted their price objective 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. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Life Time Group has an average rating of “Moderate Buy” and an average target price of $27.89.

Insiders Place Their Bets

In other news, CFO Erik Weaver sold 4,662 shares of Life Time Group stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $25.88, for a total transaction of $120,652.56. Following the transaction, the chief financial officer now owns 75,866 shares in the company, valued at $1,963,412.08. The trade was a 5.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Parham Javaheri sold 168,000 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $24.57, for a total value of $4,127,760.00. Following the completion of the transaction, the executive vice president now owns 243,938 shares of the company’s stock, valued at $5,993,556.66. This represents a 40.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 12.50% of the company’s stock.

Life Time Group Stock Performance

Shares of NYSE:LTH opened at $22.18 on Wednesday. The company has a current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $4.59 billion, a P/E ratio of 32.15, a P/E/G ratio of 1.46 and a beta of 1.88. The business has a 50-day moving average price of $23.92 and a two-hundred day moving average price of $22.66. 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 issued its earnings results on Thursday, October 24th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.01). Life Time Group had a net margin of 5.67% and a return on equity of 6.42%. The business had revenue of $693.20 million for the quarter, compared to the consensus estimate of $684.13 million. During the same quarter in the previous year, the firm posted $0.09 EPS. The business’s revenue was up 18.5% on a year-over-year basis. Equities analysts predict that Life Time Group Holdings, Inc. will post 0.56 earnings per share for the current year.

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.