Bank of America Corp DE Sells 346,306 Shares of Life Time Group Holdings, Inc. (NYSE:LTH)

Bank of America Corp DE lessened its holdings in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 54.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 286,963 shares of the company's stock after selling 346,306 shares during the quarter. Bank of America Corp DE owned about 0.14% of Life Time Group worth $6,348,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Benjamin Edwards Inc. acquired a new stake in shares of Life Time Group in the fourth quarter valued at $305,000. BNP Paribas Financial Markets acquired a new stake in shares of Life Time Group in the fourth quarter valued at $6,330,000. Ameriprise Financial Inc. lifted its holdings in shares of Life Time Group by 34.5% in the fourth quarter. Ameriprise Financial Inc. now owns 276,957 shares of the company's stock valued at $6,126,000 after buying an additional 71,074 shares during the period. Algert Global LLC raised its position in shares of Life Time Group by 79.9% during the fourth quarter. Algert Global LLC now owns 363,895 shares of the company's stock worth $8,049,000 after purchasing an additional 161,632 shares during the period. Finally, Aristeia Capital L.L.C. acquired a new stake in shares of Life Time Group during the fourth quarter worth $697,000. Institutional investors and hedge funds own 79.40% of the company's stock.

Life Time Group Price Performance

Shares of Life Time Group stock traded down $0.20 during midday trading on Friday, hitting $28.57. 705,661 shares of the company were exchanged, compared to its average volume of 1,693,193. 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 has a market cap of $6.27 billion, a P/E ratio of 41.46, a PEG ratio of 0.81 and a beta of 1.86. Life Time Group Holdings, Inc. has a 52 week low of $15.64 and a 52 week high of $34.99. The firm has a 50 day simple moving average of $30.26 and a 200-day simple moving average of $28.06.

Life Time Group (NYSE:LTH - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.27 by $0.12. The company had revenue of $706.04 million during the quarter, compared to analysts' expectations of $684.06 million. Life Time Group had a return on equity of 6.42% and a net margin of 5.67%. The business's revenue for the quarter was up 18.3% on a year-over-year basis. During the same period last year, the firm earned $0.15 EPS. Research analysts forecast that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Evercore ISI set a $38.00 target price on Life Time Group and gave the stock a "buy" rating in a research report on Thursday, February 27th. Bank of America set a $40.00 price target on Life Time Group and gave the company a "buy" rating in a research report on Monday, March 3rd. Morgan Stanley upped their target price 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. Wells Fargo & Company set a $28.00 target price on Life Time Group and gave the stock a "hold" rating in a research report on Thursday, February 27th. Finally, Mizuho upped their target price on Life Time Group from $38.00 to $41.00 and gave the stock an "outperform" rating in a research report on Wednesday, March 5th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Life Time Group has an average rating of "Moderate Buy" and an average target price of $35.92.

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.