Versor Investments LP purchased a new stake in Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 37,346 shares of the company's stock, valued at approximately $912,000.
Other large investors also recently modified their holdings of the company. Amalgamated Bank grew its stake in Life Time Group by 38.2% in the second quarter. Amalgamated Bank now owns 2,036 shares of the company's stock valued at $38,000 after acquiring an additional 563 shares during the period. Farther Finance Advisors LLC increased its stake in Life Time Group by 105.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,762 shares of the company's stock valued at $43,000 after purchasing an additional 906 shares in the last quarter. Dnca Finance acquired a new position in Life Time Group during the second quarter worth $72,000. Blue Trust Inc. lifted its stake in shares of 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 buying an additional 2,280 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Life Time Group during the second quarter valued at about $141,000. Institutional investors and hedge funds 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 Life Time Group stock in a transaction dated Tuesday, October 15th. The stock was 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. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 12.50% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
LTH has been the subject of a number of analyst reports. Wells Fargo & Company lifted their price target on Life Time Group from $21.00 to $25.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 16th. Craig Hallum assumed coverage on Life Time Group in a report on Friday, July 19th. They set a "buy" rating and a $30.00 price target for the company. Morgan Stanley increased their price target on 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 lifted their price objective on shares of Life Time Group from $20.00 to $27.00 and gave the stock an "outperform" rating in a report on Friday, August 2nd. Finally, The Goldman Sachs Group increased their target price on shares of Life Time Group from $15.00 to $22.00 and gave the company a "neutral" rating in a report on Friday, August 2nd. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $27.63.
Check Out Our Latest Research Report on LTH
Life Time Group Stock Performance
Shares of NYSE:LTH remained flat at $24.18 during midday trading on Wednesday. 1,456,934 shares of the company were exchanged, compared to its average volume of 1,118,336. The stock has a market capitalization of $5.00 billion, a PE ratio of 35.26, a P/E/G ratio of 1.55 and a beta of 1.89. The stock has a 50-day simple moving average of $24.39 and a 200 day simple moving average of $20.97. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.46 and a current ratio of 0.59. 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 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). Life Time Group had a net margin of 5.67% and a return on equity of 6.42%. The company had revenue of $693.20 million during the quarter, compared to analysts' expectations of $684.13 million. During the same quarter in the previous year, the firm earned $0.09 earnings per share. The firm's revenue was up 18.5% compared to the same quarter last year. Research analysts forecast that Life Time Group Holdings, Inc. will post 0.56 EPS for the current fiscal year.
About Life Time Group
(
Free Report)
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.
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