Walleye Capital LLC Purchases Shares of 46,227 Life Time Group Holdings, Inc. (NYSE:LTH)

Walleye Capital LLC purchased a new position 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 institutional investor purchased 46,227 shares of the company's stock, valued at approximately $1,129,000.

Several other institutional investors also recently bought and sold shares of LTH. Price T Rowe Associates Inc. MD grew its holdings in shares of Life Time Group by 17.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 12,769 shares of the company's stock worth $199,000 after buying an additional 1,866 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Life Time Group in the 2nd quarter valued at about $141,000. Dnca Finance acquired a new stake in Life Time Group in the 2nd quarter valued at about $72,000. Bank of New York Mellon Corp boosted its holdings in shares of Life Time Group by 31.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 262,760 shares of the company's stock worth $4,948,000 after purchasing an additional 62,466 shares during the last quarter. Finally, Braun Stacey Associates Inc. purchased a new stake in shares of Life Time Group in the second quarter valued at approximately $7,486,000. 79.40% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Parham Javaheri sold 168,000 shares of the business's stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $24.57, for a total transaction of $4,127,760.00. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed 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 stock was sold at an average price of $25.88, for a total transaction of $120,652.56. Following the sale, the chief financial officer now owns 75,866 shares in the company, valued at $1,963,412.08. The trade was a 5.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 12.50% of the company's stock.

Life Time Group Trading Down 0.4 %

Shares of NYSE:LTH traded down $0.09 during mid-day trading on Friday, reaching $24.31. 531,488 shares of the company were exchanged, compared to its average volume of 1,108,694. 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 debt-to-equity ratio of 0.64, a current ratio of 0.59 and a quick ratio of 0.46. The firm's 50-day simple moving average is $24.34 and its 200 day simple moving average is $22.03. The firm has a market cap of $5.03 billion, a price-to-earnings ratio of 35.22, a P/E/G ratio of 1.55 and a beta of 1.88.

Life Time Group (NYSE:LTH - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The company reported $0.19 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 quarter in the prior year, the business earned $0.09 earnings per share. The company's quarterly revenue was up 18.5% on a year-over-year basis. Equities research analysts forecast that Life Time Group Holdings, Inc. will post 0.56 EPS for the current year.

Analyst Upgrades and Downgrades

LTH has been the topic of a number of analyst reports. Northland Securities lifted their price objective on Life Time Group from $28.50 to $29.00 and gave the stock an "outperform" rating in a research report on Friday, October 25th. Evercore ISI started coverage on Life Time Group in a report on Friday, November 22nd. They set an "outperform" rating and a $29.00 price target on the stock. Morgan Stanley upped their price objective on shares of Life Time Group from $21.00 to $29.00 and gave the company an "equal weight" rating in a report on Wednesday, October 16th. Wells Fargo & Company lifted their target price on shares of Life Time Group from $21.00 to $25.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 16th. Finally, Bank of America raised 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 stock. Based on data from MarketBeat, Life Time Group currently has an average rating of "Moderate Buy" and a consensus target price of $27.78.

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.