Principal Financial Group Inc. Boosts Stake in Life Time Group Holdings, Inc. (NYSE:LTH)

Principal Financial Group Inc. raised its position in Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 1.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,646,372 shares of the company's stock after acquiring an additional 46,710 shares during the period. Principal Financial Group Inc. owned approximately 1.76% of Life Time Group worth $89,045,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Jane Street Group LLC increased its holdings in shares of Life Time Group by 146.8% during the third quarter. Jane Street Group LLC now owns 182,054 shares of the company's stock valued at $4,446,000 after acquiring an additional 108,283 shares in the last quarter. American Century Companies Inc. grew its position in Life Time Group by 402.6% during the 2nd quarter. American Century Companies Inc. now owns 104,431 shares of the company's stock worth $1,966,000 after purchasing an additional 83,654 shares during the last quarter. Quest Partners LLC acquired a new position in Life Time Group during the 2nd quarter valued at approximately $549,000. Quadrature Capital Ltd purchased a new position in shares of Life Time Group in the third quarter worth $697,000. Finally, Farther Finance Advisors LLC lifted its stake in shares of Life Time Group by 105.8% during the third 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 period. 79.40% of the stock is owned by hedge funds and other institutional investors.

Life Time Group Stock Performance

NYSE LTH traded up $0.06 during mid-day trading on Friday, reaching $22.31. 1,775,167 shares of the stock were exchanged, compared to its average volume of 1,117,209. The company has a market capitalization of $4.62 billion, a P/E ratio of 32.33, a P/E/G ratio of 1.49 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's 50 day moving average is $24.00 and its 200-day moving average is $22.59. Life Time Group Holdings, Inc. has a 1 year low of $11.89 and a 1 year high of $27.11.

Life Time Group (NYSE:LTH - Get Free Report) last posted its earnings results on Thursday, October 24th. The company reported $0.19 earnings per share (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 analysts' expectations of $684.13 million. During the same period in the previous year, the company earned $0.09 earnings per share. The company's revenue was up 18.5% compared to the same quarter last year. On average, equities research analysts forecast that Life Time Group Holdings, Inc. will post 0.56 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on LTH shares. Wells Fargo & Company upped their target price on Life Time Group from $25.00 to $26.00 and gave the company an "equal weight" rating in a research report on Tuesday, December 17th. Northland Securities raised 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. Evercore ISI assumed 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. Morgan Stanley increased 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 report on Wednesday, October 16th. Finally, Bank of America lifted their price objective on shares of Life Time Group from $29.00 to $30.00 and gave the company a "buy" rating in a research note on Friday, September 6th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $27.89.

Insider Transactions at Life Time Group

In other news, EVP Parham Javaheri sold 168,000 shares of the business's stock in a transaction dated 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. The trade was a 40.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Erik Weaver sold 4,662 shares of the company's stock in a transaction dated 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 owns 75,866 shares of the company's stock, valued at approximately $1,963,412.08. This trade represents a 5.79 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 12.50% of the company's stock.

Life Time Group Company 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.