Barclays PLC Acquires 135,116 Shares of Life Time Group Holdings, Inc. (NYSE:LTH)

Barclays PLC lifted its stake in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 119.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 248,698 shares of the company's stock after purchasing an additional 135,116 shares during the quarter. Barclays PLC owned 0.12% of Life Time Group worth $6,073,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of LTH. SG Americas Securities LLC acquired a new stake in Life Time Group during the second quarter worth about $141,000. Bank of New York Mellon Corp raised its position in Life Time Group by 31.2% during the second quarter. Bank of New York Mellon Corp now owns 262,760 shares of the company's stock valued at $4,948,000 after purchasing an additional 62,466 shares in the last quarter. Braun Stacey Associates Inc. bought a new stake in Life Time Group during the second quarter worth $7,486,000. Rhumbline Advisers boosted its holdings in shares of Life Time Group by 32.7% in the 2nd quarter. Rhumbline Advisers now owns 92,669 shares of the company's stock valued at $1,745,000 after purchasing an additional 22,836 shares in the last quarter. Finally, Quest Partners LLC bought a new position in shares of Life Time Group in the 2nd quarter valued at $549,000. Institutional investors own 79.40% of the company's stock.

Analysts Set New Price Targets

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

Insider Transactions at Life Time Group

In other Life Time Group news, CFO Erik Weaver sold 4,662 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $25.88, for a total transaction of $120,652.56. Following the transaction, the chief financial officer now directly owns 75,866 shares in the company, valued at approximately $1,963,412.08. This represents a 5.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Parham Javaheri sold 168,000 shares of Life Time Group 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 completion of the sale, 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. 12.50% of the stock is currently owned by corporate insiders.

Life Time Group Trading Up 0.3 %

Shares of NYSE LTH traded up $0.06 during trading on Friday, reaching $22.31. The company had a trading volume of 1,775,167 shares, compared to its average volume of 1,117,209. The stock has a market cap of $4.62 billion, a P/E ratio of 32.33, a PEG ratio of 1.49 and a beta of 1.88. The company's fifty day moving average price is $24.00 and its 200-day moving average price is $22.55. 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 Holdings, Inc. has a 12 month low of $11.89 and a 12 month high of $27.11.

Life Time Group (NYSE:LTH - Get Free Report) last announced its earnings results on Thursday, October 24th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.01). Life Time Group had a net margin of 5.67% and a return on equity of 6.42%. The company had revenue of $693.20 million during the quarter, compared to the consensus estimate of $684.13 million. During the same quarter in the previous year, the company earned $0.09 earnings per share. The business's revenue was up 18.5% on a year-over-year basis. As a group, research analysts expect that Life Time Group Holdings, Inc. will post 0.56 earnings per share 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.