Geode Capital Management LLC Buys 152,504 Shares of Life Time Group Holdings, Inc. (NYSE:LTH)

Geode Capital Management LLC increased its holdings in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 11.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,497,842 shares of the company's stock after buying an additional 152,504 shares during the quarter. Geode Capital Management LLC owned 0.72% of Life Time Group worth $36,585,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Amalgamated Bank grew 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 valued at $38,000 after purchasing an additional 563 shares during the last quarter. Farther Finance Advisors LLC boosted 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 valued at $43,000 after purchasing an additional 906 shares during the period. Point72 Hong Kong Ltd acquired a new stake in Life Time Group in the 3rd quarter worth $60,000. Blue Trust Inc. increased its holdings in shares of Life Time Group by 345.5% during the 3rd quarter. Blue Trust Inc. now owns 2,940 shares of the company's stock worth $72,000 after purchasing an additional 2,280 shares during the period. Finally, FMR LLC increased its stake in Life Time Group by 268.2% during the third quarter. FMR LLC now owns 5,011 shares of the company's stock valued at $122,000 after acquiring an additional 3,650 shares during the period. Institutional investors and hedge funds own 79.40% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on LTH. Wells Fargo & Company increased their price objective on shares of Life Time Group from $25.00 to $26.00 and gave the company an "equal weight" rating in a research note on Tuesday, December 17th. Bank of America increased their price target on shares of Life Time Group from $29.00 to $30.00 and gave the stock a "buy" rating in a research report on Friday, September 6th. Morgan Stanley lifted their price objective 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. Northland Securities increased their target price on Life Time Group from $28.50 to $29.00 and gave the stock an "outperform" rating in a report on Friday, October 25th. Finally, Evercore ISI assumed coverage on Life Time Group in a research note on Friday, November 22nd. They issued an "outperform" rating and a $29.00 price target on the stock. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Life Time Group has an average rating of "Moderate Buy" and a consensus price target of $27.89.

Insider Activity at Life Time Group

In other news, EVP Parham Javaheri sold 168,000 shares of Life Time Group 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 owns 243,938 shares in the company, valued at $5,993,556.66. The trade was a 40.78 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Erik Weaver sold 4,662 shares of the stock in a transaction that occurred on 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 $1,963,412.08. This represents a 5.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.50% of the stock is currently owned by company insiders.

Life Time Group Price Performance

Shares of LTH stock traded up $0.22 during trading hours on Wednesday, hitting $22.18. 611,485 shares of the company's stock were exchanged, compared to its average volume of 1,114,689. Life Time Group Holdings, Inc. has a 52 week low of $11.89 and a 52 week high of $27.11. The stock has a market cap of $4.59 billion, a price-to-earnings ratio of 32.15, a price-to-earnings-growth ratio of 1.46 and a beta of 1.88. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.59 and a quick ratio of 0.46. The stock's 50-day moving average is $23.85 and its 200-day moving average is $22.69.

Life Time Group (NYSE:LTH - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $693.20 million for the quarter, compared to the consensus estimate of $684.13 million. During the same period in the prior year, the company earned $0.09 EPS. The firm's revenue was up 18.5% compared to the same quarter last year. As a group, research analysts forecast that Life Time Group Holdings, Inc. will post 0.56 EPS 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.