Petrus Trust Company LTA Acquires New Shares in Life Time Group Holdings, Inc. (NYSE:LTH)

Petrus Trust Company LTA acquired a new stake in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 25,320 shares of the company's stock, valued at approximately $618,000.

A number of other hedge funds have also made changes to their positions in LTH. Dimensional Fund Advisors LP increased its stake in shares of 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 during the period. Loomis Sayles & Co. L P grew its position in Life Time Group by 33.1% in the third quarter. Loomis Sayles & Co. L P now owns 3,050,253 shares of the company's stock worth $74,487,000 after buying an additional 758,757 shares during the last quarter. Hood River Capital Management LLC grew its position in Life Time Group by 44.0% in the second quarter. Hood River Capital Management LLC now owns 1,811,841 shares of the company's stock worth $34,117,000 after buying an additional 553,881 shares during the last quarter. Point72 Asset Management L.P. grew its position in Life Time Group by 135.9% in the third quarter. Point72 Asset Management L.P. now owns 890,657 shares of the company's stock worth $21,750,000 after buying an additional 513,033 shares during the last quarter. Finally, Braun Stacey Associates Inc. grew its position in 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 buying an additional 452,197 shares during the last quarter. Institutional investors and hedge funds own 79.40% of the company's stock.

Life Time Group Stock Down 0.8 %

Shares of NYSE:LTH traded down $0.21 during trading on Thursday, reaching $24.42. 915,666 shares of the company traded hands, compared to its average volume of 1,111,150. The firm has a fifty day simple moving average of $24.34 and a 200 day simple moving average of $22.03. The firm has a market cap of $5.05 billion, a P/E ratio of 35.38, a price-to-earnings-growth ratio of 1.55 and a beta of 1.88. Life Time Group Holdings, Inc. has a 1-year low of $11.89 and a 1-year high of $27.11. 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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.20 by ($0.01). The company had revenue of $693.20 million for the quarter, compared to analyst estimates of $684.13 million. Life Time Group had a net margin of 5.67% and a return on equity of 6.42%. The company's quarterly revenue was up 18.5% on a year-over-year basis. During the same period last year, the business earned $0.09 EPS. Analysts anticipate that Life Time Group Holdings, Inc. will post 0.56 earnings per share for the current fiscal year.

Insider Buying and Selling at Life Time Group

In related news, CFO Erik Weaver sold 4,662 shares of Life Time Group stock in a transaction on 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 owns 75,866 shares of the company's stock, valued at approximately $1,963,412.08. The trade was a 5.79 % decrease in their position. The transaction was disclosed in a document filed 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 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 position. The disclosure for this sale can be found here. Company insiders own 12.50% of the company's stock.

Analysts Set New Price Targets

Several research firms have issued reports on LTH. Evercore ISI began coverage on shares of Life Time Group in a research report on Friday, November 22nd. They issued an "outperform" rating and a $29.00 price target on the stock. Morgan Stanley lifted their price target on shares of 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. Bank of America lifted 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 report on Friday, September 6th. Northland Securities lifted 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. Finally, Wells Fargo & Company lifted 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. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price 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.