Centiva Capital LP Purchases Shares of 27,889 Life Time Group Holdings, Inc. (NYSE:LTH)

Centiva Capital LP acquired a new position in Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 27,889 shares of the company's stock, valued at approximately $681,000.

Several other large investors also recently bought and sold shares of LTH. Price T Rowe Associates Inc. MD boosted its stake in shares of Life Time Group by 17.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 12,769 shares of the company's stock worth $199,000 after acquiring an additional 1,866 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Life Time Group during the second quarter worth $141,000. Dnca Finance acquired a new stake in shares of Life Time Group in the second quarter valued at about $72,000. Bank of New York Mellon Corp lifted its stake in shares of Life Time Group by 31.2% in the second quarter. Bank of New York Mellon Corp now owns 262,760 shares of the company's stock worth $4,948,000 after buying an additional 62,466 shares in the last quarter. Finally, Braun Stacey Associates Inc. purchased a new position in shares of Life Time Group in the second quarter worth about $7,486,000. 79.40% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Life Time Group

In other news, CFO Erik Weaver sold 4,662 shares of the stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $25.88, for a total transaction of $120,652.56. Following the sale, the chief financial officer now owns 75,866 shares of the company's stock, valued at approximately $1,963,412.08. This represents a 5.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 transaction, the executive vice president now directly owns 243,938 shares of the company's stock, valued at approximately $5,993,556.66. The trade was a 40.78 % decrease in their position. The disclosure for this sale can be found here. 12.50% of the stock is owned by corporate insiders.

Life Time Group Trading Down 0.3 %

LTH traded down $0.08 on Friday, hitting $24.32. The company had a trading volume of 531,489 shares, compared to its average volume of 1,067,746. The company's fifty day moving average price is $24.34 and its 200 day moving average price is $22.13. Life Time Group Holdings, Inc. has a 1 year low of $11.89 and a 1 year high of $27.11. 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 firm has a market cap of $5.03 billion, a P/E ratio of 35.25, a PEG ratio of 1.58 and a beta of 1.88.

Life Time Group (NYSE:LTH - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The company reported $0.19 earnings per share (EPS) 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%. Life Time Group's revenue was up 18.5% on a year-over-year basis. During the same period last year, the firm posted $0.09 earnings per share. As a group, equities analysts expect 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 firms have commented on LTH. Morgan Stanley increased their price objective on shares of Life Time Group from $21.00 to $29.00 and gave the company an "equal weight" rating in a report on Wednesday, October 16th. Bank of America lifted their price objective on Life Time Group from $29.00 to $30.00 and gave the stock a "buy" rating in a research report on Friday, September 6th. Northland Securities boosted their price objective on Life Time Group from $28.50 to $29.00 and gave the stock an "outperform" rating in a research note on Friday, October 25th. Wells Fargo & Company raised their target price on Life Time Group from $21.00 to $25.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 16th. Finally, Evercore ISI assumed coverage on shares of Life Time Group in a research report on Friday, November 22nd. They set an "outperform" rating and a $29.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Life Time Group presently has a consensus rating of "Moderate Buy" and an average 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.