Life Time Group Holdings, Inc. (NYSE:LTH) Shares Bought by Braun Stacey Associates Inc.

Braun Stacey Associates Inc. raised its position in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 113.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 849,792 shares of the company's stock after acquiring an additional 452,197 shares during the quarter. Braun Stacey Associates Inc. owned approximately 0.41% of Life Time Group worth $20,752,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Hood River Capital Management LLC lifted its holdings in Life Time Group by 3,657.9% in the 1st quarter. Hood River Capital Management LLC now owns 1,257,960 shares of the company's stock valued at $19,524,000 after purchasing an additional 1,224,485 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Life Time Group by 19.8% in the second quarter. Dimensional Fund Advisors LP now owns 4,658,902 shares of the company's stock worth $87,728,000 after buying an additional 770,766 shares in the last quarter. Millennium Management LLC boosted its position in Life Time Group by 66.7% during the second quarter. Millennium Management LLC now owns 1,076,386 shares of the company's stock worth $20,268,000 after acquiring an additional 430,779 shares during the last quarter. Sona Asset Management US LLC purchased a new stake in Life Time Group during the 1st quarter valued at about $5,044,000. Finally, Seven Grand Managers LLC acquired a new stake in Life Time Group in the 3rd quarter valued at about $4,884,000. 79.40% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Life Time Group

In other Life Time Group news, CFO Erik Weaver sold 4,662 shares of the firm's stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $25.88, for a total value of $120,652.56. Following the completion of the transaction, the chief financial officer now owns 75,866 shares of the company's stock, valued at $1,963,412.08. This trade represents a 5.79 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 12.50% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

LTH has been the topic of several recent research reports. The Goldman Sachs Group boosted their target price on Life Time Group from $15.00 to $22.00 and gave the stock a "neutral" rating in a report on Friday, August 2nd. Morgan Stanley upped their target price on Life Time Group from $21.00 to $29.00 and gave the company an "equal weight" rating in a report on Wednesday, October 16th. Royal Bank of Canada lifted their price target on Life Time Group from $20.00 to $27.00 and gave the stock an "outperform" rating in a report on Friday, August 2nd. Wells Fargo & Company upped their price objective on shares of Life Time Group from $21.00 to $25.00 and gave the company an "equal weight" rating in a report on Wednesday, October 16th. Finally, Northland Securities lifted their target price 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 equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $27.63.

Life Time Group Trading Up 0.8 %

Shares of LTH traded up $0.20 during trading on Monday, reaching $23.91. 328,422 shares of the company traded hands, compared to its average volume of 1,112,129. The company has a quick ratio of 0.46, a current ratio of 0.59 and a debt-to-equity ratio of 0.64. The stock has a market cap of $4.95 billion, a PE ratio of 34.36, a price-to-earnings-growth ratio of 1.52 and a beta of 1.89. The stock has a 50-day simple moving average of $24.40 and a 200-day simple moving average of $21.19. Life Time Group Holdings, Inc. has a twelve month low of $11.89 and a twelve month high of $27.11.

Life Time Group (NYSE:LTH - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The company reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.01). Life Time Group had a return on equity of 6.42% and a net margin of 5.67%. The firm had revenue of $693.20 million for the quarter, compared to analyst estimates of $684.13 million. During the same quarter last year, the company earned $0.09 earnings per share. The firm's revenue for the quarter was up 18.5% on a year-over-year basis. On average, analysts anticipate that Life Time Group Holdings, Inc. will post 0.56 earnings per share for the current year.

Life Time Group Company Profile

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.