Principal Financial Group Inc. Purchases 46,710 Shares of Life Time Group Holdings, Inc. (NYSE:LTH)

Principal Financial Group Inc. lifted its position in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 1.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,646,372 shares of the company's stock after acquiring an additional 46,710 shares during the quarter. Principal Financial Group Inc. owned approximately 1.83% of Life Time Group worth $89,045,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of LTH. Quantbot Technologies LP raised its stake in shares of Life Time Group by 1,443.3% during the first quarter. Quantbot Technologies LP now owns 73,986 shares of the company's stock valued at $1,148,000 after acquiring an additional 69,192 shares during the last quarter. American Century Companies Inc. raised its position in Life Time Group by 402.6% during the 2nd quarter. American Century Companies Inc. now owns 104,431 shares of the company's stock worth $1,966,000 after purchasing an additional 83,654 shares during the last quarter. Quest Partners LLC acquired a new position in Life Time Group during the 2nd quarter worth about $549,000. Point72 Asset Management L.P. grew its position in shares of Life Time Group by 24.8% in the 2nd quarter. Point72 Asset Management L.P. now owns 377,624 shares of the company's stock valued at $7,111,000 after buying an additional 75,054 shares during the last quarter. Finally, Peregrine Asset Advisers Inc. bought a new stake in shares of Life Time Group in the 2nd quarter valued at about $3,134,000. Institutional investors own 79.40% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on LTH. Morgan Stanley raised their price objective 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 boosted their price target on shares of Life Time Group from $28.50 to $29.00 and gave the stock an "outperform" rating in a research report on Friday, October 25th. Wells Fargo & Company increased their price objective on shares of Life Time Group from $21.00 to $25.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 16th. Bank of America lifted their target price on shares of Life Time Group from $29.00 to $30.00 and gave the stock a "buy" rating in a research note on Friday, September 6th. Finally, Craig Hallum assumed coverage on shares of Life Time Group in a research report on Friday, July 19th. They set a "buy" rating and a $30.00 price target on the stock. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Life Time Group presently has an average rating of "Moderate Buy" and a consensus target price of $27.63.

Insider Activity

In related news, Director John G. Danhakl sold 3,575,000 shares of Life Time Group stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $20.88, for a total value of $74,646,000.00. Following the completion of the sale, the director now owns 55,166,700 shares of the company's stock, valued at approximately $1,151,880,696. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Life Time Group news, major shareholder Partners Group Private Equity sold 650,000 shares of the business's stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $20.88, for a total transaction of $13,572,000.00. Following the completion of the sale, the insider now directly owns 5,929,348 shares of the company's stock, valued at approximately $123,804,786.24. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John G. Danhakl sold 3,575,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $20.88, for a total value of $74,646,000.00. Following the completion of the transaction, the director now owns 55,166,700 shares in the company, valued at $1,151,880,696. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,229,662 shares of company stock worth $88,338,653 over the last quarter. 12.50% of the stock is currently owned by corporate insiders.

Life Time Group Stock Up 1.3 %

LTH traded up $0.33 during midday trading on Friday, hitting $24.98. The company had a trading volume of 1,003,214 shares, compared to its average volume of 1,352,787. The stock's 50 day moving average price is $24.34 and its 200 day moving average price is $20.74. Life Time Group Holdings, Inc. has a 52 week low of $11.89 and a 52 week high of $27.11. The company has a market capitalization of $5.17 billion, a price-to-earnings ratio of 36.20, a PEG ratio of 1.53 and a beta of 1.89. 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 EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.01). The firm had revenue of $693.20 million during the quarter, compared to the consensus estimate of $684.13 million. Life Time Group had a net margin of 5.67% and a return on equity of 6.42%. The business's quarterly revenue was up 18.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.09 earnings per share. On average, research analysts anticipate that Life Time Group Holdings, Inc. will post 0.56 earnings per share for the current fiscal year.

Life Time Group 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.