FORA Capital LLC Buys New Position in Life Time Group Holdings, Inc. (NYSE:LTH)

FORA Capital LLC bought a new position in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 34,381 shares of the company's stock, valued at approximately $840,000.

A number of other institutional investors have also made changes to their positions in the company. Amalgamated Bank lifted its position in shares of Life Time Group by 38.2% during the second quarter. Amalgamated Bank now owns 2,036 shares of the company's stock worth $38,000 after purchasing an additional 563 shares in the last quarter. Farther Finance Advisors LLC lifted its position 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 worth $43,000 after purchasing an additional 906 shares in the last quarter. Assetmark Inc. lifted its position in shares of Life Time Group by 8.5% during the third quarter. Assetmark Inc. now owns 12,022 shares of the company's stock worth $294,000 after purchasing an additional 941 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in 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 valued at $199,000 after acquiring an additional 1,866 shares in the last quarter. Finally, GSA Capital Partners LLP raised its holdings in Life Time Group by 2.2% in the third quarter. GSA Capital Partners LLP now owns 93,872 shares of the company's stock valued at $2,292,000 after acquiring an additional 1,987 shares in the last quarter. 79.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

LTH has been the topic of several recent analyst reports. Royal Bank of Canada upped their price target on shares of Life Time Group from $20.00 to $27.00 and gave the company an "outperform" rating in a report on Friday, August 2nd. The Goldman Sachs Group upped their price target on shares of Life Time Group from $15.00 to $22.00 and gave the company a "neutral" rating in a report on Friday, August 2nd. Morgan Stanley upped their price target 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 upped their price target on shares of Life Time Group from $29.00 to $30.00 and gave the company a "buy" rating in a report on Friday, September 6th. Finally, Northland Securities upped their price target on shares of Life Time Group from $28.50 to $29.00 and gave the company an "outperform" rating in a report on Friday, October 25th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $27.78.

Life Time Group Stock Performance

Shares of NYSE:LTH traded up $0.21 on Friday, reaching $24.27. 531,711 shares of the company's stock were exchanged, compared to its average volume of 1,113,097. The firm has a market capitalization of $5.02 billion, a price-to-earnings ratio of 35.17, a PEG ratio of 1.55 and a beta of 1.89. Life Time Group Holdings, Inc. has a fifty-two week low of $11.89 and a fifty-two week high of $27.11. The business's 50-day moving average is $24.39 and its two-hundred day moving average is $21.77. 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 issued 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 business had revenue of $693.20 million for 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 firm's revenue for the quarter was up 18.5% on a year-over-year basis. During the same period last year, the company posted $0.09 earnings per share. As a group, equities research analysts forecast that Life Time Group Holdings, Inc. will post 0.56 EPS for the current year.

Insider Transactions at Life Time Group

In other news, CFO Erik Weaver sold 4,662 shares of the company's 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 completion of the transaction, the chief financial officer now owns 75,866 shares in the company, valued at approximately $1,963,412.08. This represents a 5.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Parham Javaheri sold 168,000 shares of the stock in a transaction dated 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 owns 243,938 shares of the company's stock, valued at $5,993,556.66. This 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.

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.