JPMorgan Chase & Co. Buys 356,255 Shares of Life Time Group Holdings, Inc. (NYSE:LTH)

JPMorgan Chase & Co. boosted its stake in Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 11.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,569,214 shares of the company's stock after purchasing an additional 356,255 shares during the period. JPMorgan Chase & Co. owned about 1.72% of Life Time Group worth $87,160,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in LTH. Dimensional Fund Advisors LP lifted its stake in shares of Life Time Group by 19.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,658,902 shares of the company's stock valued at $87,728,000 after acquiring an additional 770,766 shares during the last quarter. Principal Financial Group Inc. raised its position in Life Time Group by 1.3% in the third quarter. Principal Financial Group Inc. now owns 3,646,372 shares of the company's stock valued at $89,045,000 after purchasing an additional 46,710 shares during the last quarter. Loomis Sayles & Co. L P boosted its stake in shares of Life Time Group by 33.1% during the third quarter. Loomis Sayles & Co. L P now owns 3,050,253 shares of the company's stock valued at $74,487,000 after purchasing an additional 758,757 shares in the last quarter. Hood River Capital Management LLC grew its holdings in shares of Life Time Group by 44.0% during the second quarter. Hood River Capital Management LLC now owns 1,811,841 shares of the company's stock worth $34,117,000 after purchasing an additional 553,881 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in Life Time Group by 11.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,497,842 shares of the company's stock valued at $36,585,000 after buying an additional 152,504 shares during the last quarter. Institutional investors and hedge funds own 79.40% of the company's stock.

Insider Activity

In related news, CFO Erik Weaver sold 4,662 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $25.88, for a total value of $120,652.56. Following the transaction, the chief financial officer now directly owns 75,866 shares in the company, valued at $1,963,412.08. This trade represents a 5.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Parham Javaheri sold 168,000 shares of the business's stock in a transaction 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 sale, the executive vice president now owns 243,938 shares of the company's stock, valued at $5,993,556.66. This trade represents a 40.78 % decrease in their position. The disclosure for this sale can be found here. 12.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on LTH shares. Evercore ISI began coverage on shares of Life Time Group in a report on Friday, November 22nd. They set an "outperform" rating and a $29.00 target price on the stock. Bank of America increased their price objective on Life Time Group from $29.00 to $30.00 and gave the company a "buy" rating in a report on Friday, September 6th. Morgan Stanley raised their target price on Life Time Group from $21.00 to $29.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 16th. Northland Securities upped their price target on Life Time Group from $28.50 to $29.00 and gave the company an "outperform" rating in a research report on Friday, October 25th. Finally, Wells Fargo & Company raised their price objective on Life Time Group from $25.00 to $26.00 and gave the stock an "equal weight" rating in a research report on Tuesday, December 17th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $27.89.

Life Time Group Trading Up 1.8 %

LTH stock traded up $0.40 during mid-day trading on Friday, reaching $22.79. The company's stock had a trading volume of 1,229,291 shares, compared to its average volume of 1,349,095. The company has a market cap of $4.72 billion, a price-to-earnings ratio of 33.03, a price-to-earnings-growth ratio of 1.46 and a beta of 1.88. Life Time Group Holdings, Inc. has a 12 month low of $11.89 and a 12 month high of $27.11. The business's 50 day moving average price is $23.39 and its 200 day moving average price is $22.86. The company has a current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 0.64.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.20 by ($0.01). The company had revenue of $693.20 million for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.09 EPS. On average, equities research analysts predict that Life Time Group Holdings, Inc. will post 0.56 EPS for the current year.

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.