State Street Corp Increases Stock Position in Life Time Group Holdings, Inc. (NYSE:LTH)

State Street Corp grew its stake in Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 14.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,421,790 shares of the company's stock after purchasing an additional 176,154 shares during the period. State Street Corp owned approximately 0.69% of Life Time Group worth $34,720,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Amalgamated Bank grew its stake 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 valued at $38,000 after buying an additional 563 shares during the period. Farther Finance Advisors LLC boosted its stake in 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. Assetmark Inc. increased its position in shares of Life Time Group by 8.5% during the third quarter. Assetmark Inc. now owns 12,022 shares of the company's stock valued at $294,000 after acquiring an additional 941 shares during the last quarter. GSA Capital Partners LLP increased its holdings in Life Time Group by 2.2% in the 3rd quarter. GSA Capital Partners LLP now owns 93,872 shares of the company's stock valued at $2,292,000 after purchasing an additional 1,987 shares during the last quarter. Finally, Blue Trust Inc. raised its position in Life Time Group by 345.5% in the third 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 during the period. Institutional investors and hedge funds own 79.40% of the company's stock.

Life Time Group Stock Performance

Shares of NYSE LTH traded up $0.06 during mid-day trading on Friday, hitting $22.31. 1,775,167 shares of the company were exchanged, compared to its average volume of 1,117,209. The stock has a 50 day simple moving average of $24.00 and a 200-day simple moving average of $22.55. 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. The firm has a market cap of $4.62 billion, a price-to-earnings ratio of 32.33, a price-to-earnings-growth ratio of 1.49 and a beta of 1.88.

Life Time Group (NYSE:LTH - Get Free Report) last posted its quarterly earnings results 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 analysts' expectations 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 quarterly revenue was up 18.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.09 earnings per share. On average, sell-side analysts forecast that Life Time Group Holdings, Inc. will post 0.56 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Northland Securities upped their target price on shares of 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 increased their price target on Life Time Group from $25.00 to $26.00 and gave the company an "equal weight" rating in a research report on Tuesday. Morgan Stanley boosted their price objective on 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. Evercore ISI assumed coverage on shares of Life Time Group in a report on Friday, November 22nd. They issued an "outperform" rating and a $29.00 target price on the stock. Finally, Bank of America boosted their price target on shares of Life Time Group from $29.00 to $30.00 and gave the stock a "buy" rating in a report on Friday, September 6th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $27.89.

Insider Activity at Life Time Group

In other news, EVP Parham Javaheri sold 168,000 shares of Life Time Group 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 directly owns 243,938 shares in the company, valued at $5,993,556.66. The trade was a 40.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Erik Weaver sold 4,662 shares of the company'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 directly owns 75,866 shares in the company, valued at $1,963,412.08. The trade was a 5.79 % decrease in their position. The disclosure for this sale can be found here. 12.50% of the stock is owned by corporate insiders.

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.