Park Avenue Securities LLC Purchases Shares of 24,500 Life Time Group Holdings, Inc. (NYSE:LTH)

Park Avenue Securities LLC bought a new position in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 24,500 shares of the company's stock, valued at approximately $542,000.

A number of other large investors have also bought and sold shares of LTH. Farther Finance Advisors LLC increased its holdings in shares of Life Time Group by 105.8% during the third quarter. Farther Finance Advisors LLC now owns 1,762 shares of the company's stock valued at $43,000 after acquiring an additional 906 shares in the last quarter. Amalgamated Bank increased its stake in Life Time Group by 38.2% during 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 in the last quarter. Point72 Hong Kong Ltd bought a new stake in Life Time Group during the 3rd quarter valued at $60,000. Blue Trust Inc. raised 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 worth $72,000 after buying an additional 2,280 shares during the last quarter. Finally, FMR LLC lifted its stake 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 buying an additional 3,650 shares in the last quarter. 79.40% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Life Time Group

In other Life Time Group news, EVP Ritadhwaja Jebens Singh sold 25,000 shares of the stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $25.00, for a total transaction of $625,000.00. Following the completion of the transaction, the executive vice president now owns 191,626 shares in the company, valued at $4,790,650. This trade represents a 11.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 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. Over the last quarter, insiders have sold 241,596 shares of company stock worth $6,113,448. Insiders own 12.50% of the company's stock.

Life Time Group Stock Performance

Shares of NYSE:LTH traded up $0.10 during midday trading on Friday, reaching $28.68. The company had a trading volume of 1,905,611 shares, compared to its average volume of 1,955,296. Life Time Group Holdings, Inc. has a 52-week low of $11.89 and a 52-week high of $28.92. The company's 50 day moving average price is $23.95 and its 200 day moving average price is $23.54. 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 cap of $5.93 billion, a P/E ratio of 41.56, a P/E/G ratio of 0.71 and a beta of 1.89.

Life Time Group (NYSE:LTH - Get Free Report) last released its earnings results on Thursday, October 24th. The company reported $0.19 earnings per share for the quarter, missing analysts' consensus estimates of $0.20 by ($0.01). The company had revenue of $693.20 million during 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 revenue was up 18.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.09 earnings per share. As a group, sell-side analysts anticipate that Life Time Group Holdings, Inc. will post 0.74 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on LTH shares. Mizuho boosted their target price on shares of Life Time Group from $32.00 to $38.00 and gave the stock an "outperform" rating in a research report on Friday. Guggenheim reissued a "buy" rating and set a $32.00 price objective (up from $29.00) on shares of Life Time Group in a report on Friday, January 17th. Oppenheimer raised their target price on Life Time Group from $33.00 to $43.00 and gave the company an "outperform" rating in a report on Thursday. Evercore ISI started coverage on Life Time Group in a report on Friday, November 22nd. They set an "outperform" rating and a $29.00 price target for the company. Finally, Craig Hallum raised their price objective on Life Time Group from $33.00 to $40.00 and gave the company a "buy" rating in a research note on Wednesday. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Life Time Group has an average rating of "Moderate Buy" and a consensus target price of $31.77.

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.