Natixis Advisors LLC Makes New $839,000 Investment in Life Time Group Holdings, Inc. (NYSE:LTH)

Natixis Advisors LLC purchased a new position in Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 34,343 shares of the company's stock, valued at approximately $839,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its holdings in shares of Life Time Group by 105.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,762 shares of the company's stock worth $43,000 after buying an additional 906 shares during the last quarter. Amalgamated Bank raised its holdings in shares of Life Time Group by 38.2% in the 2nd quarter. Amalgamated Bank now owns 2,036 shares of the company's stock worth $38,000 after purchasing an additional 563 shares during the period. Blue Trust Inc. lifted its stake in shares of Life Time Group by 345.5% in the 3rd quarter. Blue Trust Inc. now owns 2,940 shares of the company's stock valued at $72,000 after purchasing an additional 2,280 shares in the last quarter. Dnca Finance purchased a new stake in shares of Life Time Group during the 2nd quarter worth about $72,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Life Time Group during the 2nd quarter worth about $141,000. Hedge funds and other institutional investors own 79.40% of the company's stock.

Insider Buying and Selling at Life Time Group

In related news, CFO Erik Weaver sold 4,662 shares of the firm's stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $25.88, for a total transaction of $120,652.56. Following the transaction, the chief financial officer now owns 75,866 shares in the company, valued at $1,963,412.08. This trade represents a 5.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Parham Javaheri sold 168,000 shares of the company's stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $24.57, for a total value 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 approximately $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.

Life Time Group Stock Down 2.3 %

LTH stock traded down $0.56 during mid-day trading on Thursday, hitting $24.06. 1,101,628 shares of the company were exchanged, compared to its average volume of 1,115,625. The company has a current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $4.98 billion, a PE ratio of 34.87, a price-to-earnings-growth ratio of 1.59 and a beta of 1.89. Life Time Group Holdings, Inc. has a twelve month low of $11.89 and a twelve month high of $27.11. The firm has a fifty day simple moving average of $24.42 and a 200 day simple moving average of $21.69.

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 for the quarter, missing the consensus estimate of $0.20 by ($0.01). The business had revenue of $693.20 million for 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 firm's revenue for the quarter 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, research analysts forecast that Life Time Group Holdings, Inc. will post 0.56 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Morgan Stanley lifted their price target 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. Royal Bank of Canada increased 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. Northland Securities boosted their price objective on Life Time Group from $28.50 to $29.00 and gave the stock an "outperform" rating in a research note on Friday, October 25th. Wells Fargo & Company upped their target price on 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, Bank of America raised their target price on Life Time Group from $29.00 to $30.00 and gave the company a "buy" rating in a report on Friday, September 6th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average 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.