Healthcare of Ontario Pension Plan Trust Fund Takes $5.13 Million Position in Life Time Group Holdings, Inc. (NYSE:LTH)

Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 210,100 shares of the company's stock, valued at approximately $5,131,000. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.10% of Life Time Group as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Amalgamated Bank lifted 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 worth $38,000 after buying an additional 563 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in 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 purchasing an additional 906 shares during the last quarter. Dnca Finance bought a new stake in Life Time Group during the second quarter worth approximately $72,000. Blue Trust Inc. grew its holdings in 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 during the last quarter. Finally, FMR LLC raised its position in shares of Life Time Group by 268.2% in the third quarter. FMR LLC now owns 5,011 shares of the company's stock valued at $122,000 after purchasing an additional 3,650 shares during the period. Institutional investors own 79.40% of the company's stock.

Insider Transactions at Life Time Group

In other Life Time Group news, EVP Parham Javaheri sold 168,000 shares of Life Time Group stock in a transaction on Friday, November 22nd. The stock was 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 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 document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Erik Weaver sold 4,662 shares of the 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 sale, 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 disclosure for this sale can be found here. 12.50% of the stock is currently owned by insiders.

Life Time Group Stock Performance

Life Time Group stock traded up $0.21 on Friday, hitting $24.27. The company's stock had a trading volume of 531,712 shares, compared to its average volume of 1,113,097. The company has a fifty day moving average price of $24.39 and a 200-day moving average price of $21.77. The firm has a market cap of $5.02 billion, a P/E ratio of 35.17, a price-to-earnings-growth ratio of 1.55 and a beta of 1.89. Life Time Group Holdings, Inc. has a one year low of $11.89 and a one year high of $27.11. 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 - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.01). The business had revenue of $693.20 million during the quarter, compared to analyst estimates of $684.13 million. Life Time Group had a return on equity of 6.42% and a net margin of 5.67%. The business's revenue for the quarter was up 18.5% on a year-over-year basis. During the same period last year, the company earned $0.09 EPS. On average, equities analysts anticipate that Life Time Group Holdings, Inc. will post 0.56 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on LTH shares. Wells Fargo & Company raised their target price on shares of 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. Evercore ISI started coverage on Life Time Group in a research note on Friday, November 22nd. They issued an "outperform" rating and a $29.00 price objective on the stock. Bank of America raised their target price on Life Time Group from $29.00 to $30.00 and gave the company a "buy" rating in a report on Friday, September 6th. The Goldman Sachs Group upped their price target on Life Time Group from $15.00 to $22.00 and gave the stock a "neutral" rating in a report on Friday, August 2nd. Finally, Northland Securities raised their price objective on shares of Life Time Group from $28.50 to $29.00 and gave the stock an "outperform" rating in a research note 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, Life Time Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $27.78.

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.