BNP Paribas Financial Markets Invests $6.33 Million in Life Time Group Holdings, Inc. (NYSE:LTH)

BNP Paribas Financial Markets purchased a new position in Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 286,155 shares of the company's stock, valued at approximately $6,330,000. BNP Paribas Financial Markets owned 0.14% of Life Time Group at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Kapitalo Investimentos Ltda purchased a new position in Life Time Group in the 4th quarter valued at approximately $33,000. R Squared Ltd bought a new stake in shares of Life Time Group during the 4th quarter worth $42,000. Sterling Capital Management LLC lifted its holdings in shares of Life Time Group by 892.6% during the 4th quarter. Sterling Capital Management LLC now owns 2,025 shares of the company's stock worth $45,000 after acquiring an additional 1,821 shares during the last quarter. Quarry LP lifted its stake in Life Time Group by 240.4% in the fourth quarter. Quarry LP now owns 2,335 shares of the company's stock worth $52,000 after purchasing an additional 1,649 shares during the last quarter. Finally, Dnca Finance lifted its stake in Life Time Group by 11.9% in the fourth quarter. Dnca Finance now owns 3,830 shares of the company's stock worth $85,000 after purchasing an additional 407 shares during the last quarter. Institutional investors own 79.40% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on LTH shares. Evercore ISI set a $38.00 price target on shares of Life Time Group and gave the company a "buy" rating in a research report on Thursday, February 27th. Wells Fargo & Company set a $28.00 target price on shares of Life Time Group and gave the stock a "hold" rating in a research note on Thursday, February 27th. The Goldman Sachs Group increased their price objective on shares of Life Time Group from $22.00 to $32.00 and gave the company a "neutral" rating in a research report on Monday, March 3rd. Mizuho increased their price target on shares of Life Time Group from $38.00 to $41.00 and gave the stock an "outperform" rating in a research report on Wednesday, March 5th. Finally, Royal Bank of Canada set a $35.00 price target on shares of Life Time Group and gave the stock a "buy" rating in a research report on Thursday, February 27th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Life Time Group has a consensus rating of "Moderate Buy" and an average price target of $35.92.

Insider Transactions at Life Time Group

In other news, CEO Bahram Akradi sold 5,000,000 shares of Life Time Group stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $30.13, for a total transaction of $150,650,000.00. Following the completion of the transaction, the chief executive officer now owns 2,993,849 shares of the company's stock, valued at $90,204,670.37. The trade was a 62.55% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 8.70% of the company's stock.

Life Time Group Trading Up 2.4%

Shares of LTH traded up $0.69 during mid-day trading on Friday, reaching $29.49. The stock had a trading volume of 1,866,128 shares, compared to its average volume of 1,679,055. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.59 and a quick ratio of 0.46. Life Time Group Holdings, Inc. has a 52-week low of $15.19 and a 52-week high of $34.99. The business's fifty day moving average is $30.47 and its 200 day moving average is $27.80. The firm has a market cap of $6.47 billion, a price-to-earnings ratio of 42.73, a P/E/G ratio of 0.81 and a beta of 1.86.

Life Time Group (NYSE:LTH - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.27 by $0.12. The business had revenue of $706.04 million during the quarter, compared to analyst estimates of $684.06 million. Life Time Group had a net margin of 5.67% and a return on equity of 6.42%. The business's revenue for the quarter was up 18.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.15 earnings per share. On average, sell-side analysts predict that Life Time Group Holdings, Inc. will post 0.74 EPS for the current fiscal year.

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.