Raymond James Financial Inc. acquired a new position in Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 13,892 shares of the company's stock, valued at approximately $307,000.
A number of other institutional investors have also added to or reduced their stakes in the company. R Squared Ltd bought a new position in Life Time Group during the 4th quarter valued at approximately $42,000. SBI Securities Co. Ltd. bought a new position in shares of Life Time Group during the fourth quarter valued at $88,000. Principal Securities Inc. purchased a new position in shares of Life Time Group in the 4th quarter worth about $98,000. Smartleaf Asset Management LLC purchased a new position in shares of Life Time Group in the 4th quarter worth about $115,000. Finally, Amundi boosted its stake in Life Time Group by 76.5% in the 4th quarter. Amundi now owns 5,046 shares of the company's stock worth $119,000 after purchasing an additional 2,187 shares in the last quarter. Institutional investors own 79.40% of the company's stock.
Life Time Group Stock Performance
Shares of LTH traded down $0.37 on Thursday, reaching $28.89. The company's stock had a trading volume of 427,814 shares, compared to its average volume of 1,661,209. The stock's 50 day simple moving average is $30.43 and its two-hundred day simple moving average is $27.64. 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 stock has a market capitalization of $6.18 billion, a P/E ratio of 41.87, a PEG ratio of 0.81 and a beta of 1.86. Life Time Group Holdings, Inc. has a 12-month low of $14.75 and a 12-month high of $34.99.
Life Time Group (NYSE:LTH - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.12. Life Time Group had a net margin of 5.67% and a return on equity of 6.42%. The business had revenue of $706.04 million for the quarter, compared to analysts' expectations of $684.06 million. During the same quarter last year, the company posted $0.15 EPS. The company's revenue was up 18.3% compared to the same quarter last year. Research analysts forecast that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current fiscal year.
Insider Buying and Selling at Life Time Group
In other news, CEO Bahram Akradi sold 5,000,000 shares of the firm's stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $30.13, for a total transaction of $150,650,000.00. Following the sale, the chief executive officer now directly owns 2,993,849 shares in the company, valued at $90,204,670.37. This trade represents a 62.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 8.70% of the company's stock.
Analysts Set New Price Targets
Several brokerages have recently issued reports on LTH. Evercore ISI set a $38.00 target price on shares of Life Time Group and gave the stock a "buy" rating in a research note on Thursday, February 27th. The Goldman Sachs Group increased their target price on Life Time Group from $22.00 to $32.00 and gave the company a "neutral" rating in a research note on Monday, March 3rd. Morgan Stanley lifted their target price on Life Time Group from $33.00 to $34.00 and gave the stock an "equal weight" rating in a report on Friday, May 9th. Deutsche Bank Aktiengesellschaft set a $36.00 price target on Life Time Group and gave the company a "buy" rating in a report on Monday, March 3rd. Finally, Craig Hallum lifted their price objective on Life Time Group from $40.00 to $45.00 and gave the stock a "buy" rating in a report on Friday, February 28th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $35.92.
Check Out Our Latest Report on LTH
Life Time Group Company Profile
(
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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