Life Time Group Holdings, Inc. (NYSE:LTH) Position Increased by Ameriprise Financial Inc.

Ameriprise Financial Inc. lifted its stake in Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 34.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 276,957 shares of the company's stock after buying an additional 71,074 shares during the period. Ameriprise Financial Inc. owned approximately 0.13% of Life Time Group worth $6,126,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

A number of research analysts have commented on LTH shares. BMO Capital Markets set a $28.00 target price on Life Time Group and gave the stock a "hold" rating in a report on Friday, March 14th. Morgan Stanley increased their price target on Life Time Group from $33.00 to $34.00 and gave the stock an "equal weight" rating in a research report on Friday, May 9th. The Goldman Sachs Group raised their target price on Life Time Group from $22.00 to $32.00 and gave the company a "neutral" rating in a research report on Monday, March 3rd. Royal Bank of Canada set a $35.00 target price on Life Time Group and gave the company a "buy" rating in a research report on Thursday, February 27th. Finally, Northland Securities set a $39.00 target price on Life Time Group and gave the company a "buy" rating in a research report on Thursday, February 27th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $35.92.

Life Time Group Price Performance

NYSE LTH traded up $0.10 on Thursday, reaching $28.71. 2,174,019 shares of the stock traded hands, compared to its average volume of 1,697,032. The firm's fifty day simple moving average is $30.26 and its 200 day simple moving average is $28.06. The company has a quick ratio of 0.46, a current ratio of 0.59 and a debt-to-equity ratio of 0.64. The company has a market cap of $6.30 billion, a price-to-earnings ratio of 41.61, a P/E/G ratio of 0.81 and a beta of 1.86. Life Time Group Holdings, Inc. has a 12 month low of $15.64 and a 12 month high of $34.99.

Life Time Group (NYSE:LTH - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $706.04 million during the quarter, compared to analyst estimates of $684.06 million. Life Time Group had a return on equity of 6.42% and a net margin of 5.67%. The company's revenue was up 18.3% compared to the same quarter last year. During the same period last year, the company posted $0.15 EPS. As a group, research analysts predict that Life Time Group Holdings, Inc. will post 0.74 EPS for the current fiscal year.

Life Time Group 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.