Charles Schwab Investment Management Inc. Buys 100,022 Shares of Life Time Group Holdings, Inc. (NYSE:LTH)

Charles Schwab Investment Management Inc. increased its holdings in Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 20.5% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 586,841 shares of the company's stock after purchasing an additional 100,022 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.28% of Life Time Group worth $14,331,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of LTH. Dimensional Fund Advisors LP raised its holdings in 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 worth $87,728,000 after purchasing an additional 770,766 shares during the period. Principal Financial Group Inc. raised its holdings in Life Time Group by 1.3% during the 3rd quarter. Principal Financial Group Inc. now owns 3,646,372 shares of the company's stock valued at $89,045,000 after buying an additional 46,710 shares during the period. Hood River Capital Management LLC raised its holdings in Life Time Group by 44.0% during the 2nd quarter. Hood River Capital Management LLC now owns 1,811,841 shares of the company's stock valued at $34,117,000 after buying an additional 553,881 shares during the period. Millennium Management LLC grew its position in Life Time Group by 66.7% in the 2nd quarter. Millennium Management LLC now owns 1,076,386 shares of the company's stock valued at $20,268,000 after acquiring an additional 430,779 shares during the last quarter. Finally, Braun Stacey Associates Inc. grew its position in Life Time Group by 113.7% in the 3rd quarter. Braun Stacey Associates Inc. now owns 849,792 shares of the company's stock valued at $20,752,000 after acquiring an additional 452,197 shares during the last quarter. Institutional investors own 79.40% of the company's stock.

Life Time Group Stock Performance

Shares of Life Time Group stock traded down $0.78 during trading on Monday, hitting $23.54. 516,901 shares of the company's stock were exchanged, compared to its average volume of 1,106,071. The stock has a market capitalization of $4.87 billion, a price-to-earnings ratio of 35.25, a PEG ratio of 1.56 and a beta of 1.88. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.46 and a current ratio of 0.59. The business has a 50-day simple moving average of $24.34 and a 200-day simple moving average of $22.17. Life Time Group Holdings, Inc. has a 52-week low of $11.89 and a 52-week high of $27.11.

Life Time Group (NYSE:LTH - Get Free Report) last posted its quarterly 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 return on equity of 6.42% and a net margin of 5.67%. The firm had revenue of $693.20 million for the quarter, compared to analyst estimates of $684.13 million. During the same quarter last year, the firm earned $0.09 EPS. The company's revenue was up 18.5% on a year-over-year basis. On average, research analysts forecast that Life Time Group Holdings, Inc. will post 0.56 EPS for the current year.

Insider Buying and Selling

In other Life Time Group news, EVP Parham Javaheri sold 168,000 shares of the business's stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $24.57, for a total value of $4,127,760.00. Following the completion of the transaction, the executive vice president now directly owns 243,938 shares of the company's stock, valued at approximately $5,993,556.66. The trade was a 40.78 % 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, CFO Erik Weaver sold 4,662 shares of Life Time Group stock in a transaction that occurred 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 owns 75,866 shares of the company's stock, 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 owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on LTH. Bank of America upped their target price on Life Time Group from $29.00 to $30.00 and gave the company a "buy" rating in a research report on Friday, September 6th. Wells Fargo & Company boosted their price objective on Life Time Group from $21.00 to $25.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 16th. Evercore ISI started coverage on Life Time Group in a research report on Friday, November 22nd. They issued an "outperform" rating and a $29.00 target price on the stock. Northland Securities lifted their price target 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, Morgan Stanley increased their target price on shares of Life Time Group from $21.00 to $29.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 16th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $27.78.

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.