23,108 Shares in Life Time Group Holdings, Inc. (NYSE:LTH) Acquired by Franklin Resources Inc.

Franklin Resources Inc. acquired a new stake in Life Time Group Holdings, Inc. (NYSE:LTH) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 23,108 shares of the company’s stock, valued at approximately $593,000.

A number of other large investors also recently added to or reduced their stakes in LTH. Amalgamated Bank grew its position in Life Time Group by 38.2% in the second quarter. Amalgamated Bank now owns 2,036 shares of the company’s stock worth $38,000 after acquiring an additional 563 shares in the last quarter. Farther Finance Advisors LLC lifted 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 buying an additional 906 shares during the period. Point72 Hong Kong Ltd purchased a new stake in Life Time Group in the third quarter worth about $60,000. Blue Trust Inc. boosted its stake in shares of Life Time Group by 345.5% during the third 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 in the last quarter. Finally, FMR LLC boosted its position in Life Time Group by 268.2% during 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. 79.40% of the stock is owned by hedge funds and other institutional investors.

Life Time Group Stock Performance

NYSE LTH opened at $21.88 on Tuesday. Life Time Group Holdings, Inc. has a fifty-two week low of $11.89 and a fifty-two week high of $27.11. The firm has a market capitalization of $4.53 billion, a P/E ratio of 31.71, a price-to-earnings-growth ratio of 1.46 and a beta of 1.88. The stock’s fifty day moving average is $23.56 and its two-hundred day moving average is $22.81. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.46 and a current ratio of 0.59.

Life Time Group (NYSE:LTH) last released its quarterly 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). The firm 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 firm’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.09 EPS. On average, research analysts anticipate that Life Time Group Holdings, Inc. will post 0.56 earnings per share for the current year.

Insider Activity

In related news, CFO Erik Weaver sold 4,662 shares of the business’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $25.88, for a total transaction 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Parham Javaheri sold 168,000 shares of the firm’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 transaction of $4,127,760.00. Following the completion of the sale, the executive vice president now directly owns 243,938 shares in the company, valued at approximately $5,993,556.66. This trade represents a 40.78 % decrease in their position. The disclosure for this sale can be found here. Insiders own 12.50% of the company’s stock.

Wall Street Analyst Weigh In

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

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.