Loomis Sayles & Co. L P Grows Stock Holdings in Life Time Group Holdings, Inc. (NYSE:LTH)

Loomis Sayles & Co. L P boosted its stake in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 33.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,050,253 shares of the company's stock after buying an additional 758,757 shares during the quarter. Loomis Sayles & Co. L P owned approximately 1.47% of Life Time Group worth $74,487,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its stake in Life Time Group by 19.8% during the second 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 in the last quarter. Hood River Capital Management LLC grew its position in shares of 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 purchasing an additional 553,881 shares in the last quarter. Braun Stacey Associates Inc. increased its holdings in shares of Life Time Group by 113.7% in the third quarter. Braun Stacey Associates Inc. now owns 849,792 shares of the company's stock worth $20,752,000 after purchasing an additional 452,197 shares during the period. Millennium Management LLC raised its position in shares of Life Time Group by 66.7% in the second quarter. Millennium Management LLC now owns 1,076,386 shares of the company's stock worth $20,268,000 after buying an additional 430,779 shares in the last quarter. Finally, Sona Asset Management US LLC bought a new stake in Life Time Group during the first quarter valued at $5,044,000. Hedge funds and other institutional investors own 79.40% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on LTH shares. The Goldman Sachs Group increased their price objective on Life Time Group from $15.00 to $22.00 and gave the company a "neutral" rating in a research report on Friday, August 2nd. Morgan Stanley raised their price target on 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. 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 note on Friday, September 6th. Wells Fargo & Company upped their target price 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. Finally, Royal Bank of Canada raised their price target on Life Time Group from $20.00 to $27.00 and gave the company an "outperform" rating in a report on Friday, August 2nd. 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 presently has an average rating of "Moderate Buy" and a consensus target price of $27.78.

Insider Activity

In other news, CFO Erik Weaver sold 4,662 shares of the stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $25.88, for a total value of $120,652.56. Following the completion of the sale, the chief financial officer now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 12.50% of the company's stock.

Life Time Group Stock Up 0.6 %

Life Time Group stock traded up $0.14 during midday trading on Monday, reaching $24.69. The company's stock had a trading volume of 1,208,340 shares, compared to its average volume of 1,115,603. 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 has a market capitalization of $5.11 billion, a P/E ratio of 35.58, a PEG ratio of 1.58 and a beta of 1.89. The stock's 50-day simple moving average is $24.42 and its 200-day simple moving average is $21.53. 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 released its quarterly earnings data on Thursday, October 24th. The company reported $0.19 earnings per share for the quarter, missing analysts' consensus estimates of $0.20 by ($0.01). The business had revenue of $693.20 million during the quarter, compared to analyst estimates of $684.13 million. Life Time Group had a return on equity of 6.42% and a net margin of 5.67%. The firm's revenue was up 18.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.09 EPS. On average, sell-side analysts expect 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.