Driehaus Capital Management LLC Boosts Stake in Life Time Group Holdings, Inc. (NYSE:LTH)

Driehaus Capital Management LLC increased its holdings in Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 5.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,955,669 shares of the company's stock after purchasing an additional 145,002 shares during the quarter. Driehaus Capital Management LLC owned approximately 1.43% of Life Time Group worth $65,379,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Marshall Wace LLP lifted its stake in shares of Life Time Group by 7,344.2% during the 4th quarter. Marshall Wace LLP now owns 1,361,032 shares of the company's stock valued at $30,106,000 after buying an additional 1,342,749 shares in the last quarter. Norges Bank purchased a new stake in Life Time Group during the fourth quarter valued at approximately $19,198,000. American Century Companies Inc. boosted its position in shares of Life Time Group by 61.9% in the fourth quarter. American Century Companies Inc. now owns 1,924,461 shares of the company's stock worth $42,569,000 after purchasing an additional 735,682 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in shares of Life Time Group by 45.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,038,064 shares of the company's stock worth $45,082,000 after acquiring an additional 640,385 shares during the last quarter. Finally, Loomis Sayles & Co. L P lifted its position in Life Time Group by 12.3% during the fourth quarter. Loomis Sayles & Co. L P now owns 3,425,925 shares of the company's stock valued at $75,781,000 after purchasing an additional 375,672 shares during the last quarter. Institutional investors and hedge funds own 79.40% of the company's stock.

Insider Activity at Life Time Group

In other news, CEO Bahram Akradi sold 5,000,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $30.13, for a total value of $150,650,000.00. Following the completion of the sale, the chief executive officer now directly owns 2,993,849 shares of the company's stock, valued at $90,204,670.37. This represents a 62.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 8.70% of the stock is owned by corporate insiders.

Life Time Group Stock Up 1.7%

Life Time Group stock traded up $0.49 during midday trading on Tuesday, reaching $30.10. The stock had a trading volume of 863,182 shares, compared to its average volume of 2,277,437. The firm's fifty day simple moving average is $30.43 and its 200-day simple moving average is $27.61. Life Time Group Holdings, Inc. has a 1-year low of $14.75 and a 1-year high of $34.99. The stock has a market capitalization of $6.44 billion, a P/E ratio of 43.62, a price-to-earnings-growth ratio of 0.81 and a beta of 1.86. 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 (NYSE:LTH - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.39 earnings per share (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 the consensus estimate of $684.06 million. Life Time Group had a return on equity of 6.42% and a net margin of 5.67%. The firm's quarterly revenue was up 18.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.15 EPS. As a group, analysts expect that Life Time Group Holdings, Inc. will post 0.74 EPS for the current fiscal year.

Analyst Ratings Changes

LTH has been the topic of several research analyst reports. Bank of America set a $40.00 target price on shares of Life Time Group and gave the stock a "buy" rating in a research report on Monday, March 3rd. Evercore ISI set a $38.00 price objective on shares of Life Time Group and gave the company a "buy" rating in a research note on Thursday, February 27th. BMO Capital Markets set a $28.00 price objective on shares of Life Time Group and gave the stock a "hold" rating in a research report on Friday, March 14th. Northland Securities set a $39.00 price objective on shares of Life Time Group and gave the stock a "buy" rating in a research report on Thursday, February 27th. Finally, Deutsche Bank Aktiengesellschaft set a $36.00 target price on shares of Life Time Group and gave the company a "buy" rating in a report on Monday, March 3rd. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Life Time Group has a consensus rating of "Moderate Buy" and an average price target of $35.92.

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.