Cetera Investment Advisers Buys Shares of 14,946 Life Time Group Holdings, Inc. (NYSE:LTH)

Cetera Investment Advisers purchased a new position in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 14,946 shares of the company's stock, valued at approximately $331,000.

A number of other large investors have also made changes to their positions in the stock. Kapitalo Investimentos Ltda bought a new stake in shares of Life Time Group during the fourth quarter valued at approximately $33,000. R Squared Ltd acquired a new stake in Life Time Group in the 4th quarter valued at $42,000. Sterling Capital Management LLC grew its stake in shares of 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 buying an additional 1,821 shares in the last quarter. Quarry LP lifted its position in shares of 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 buying an additional 1,649 shares during the last quarter. Finally, Dnca Finance increased its position in Life Time Group by 11.9% during the 4th quarter. Dnca Finance now owns 3,830 shares of the company's stock worth $85,000 after buying an additional 407 shares during the period. Institutional investors and hedge funds own 79.40% of the company's stock.

Life Time Group Trading Up 0.2%

LTH traded up $0.07 during trading on Tuesday, reaching $29.72. The company had a trading volume of 384,185 shares, compared to its average volume of 1,696,426. The stock has a market cap of $6.52 billion, a P/E ratio of 43.07, a PEG ratio of 0.81 and a beta of 1.86. The business has a 50 day simple moving average of $30.14 and a 200-day simple moving average of $28.19. Life Time Group Holdings, Inc. has a 52 week low of $16.55 and a 52 week high of $34.99. The company has a quick ratio of 0.46, a current ratio of 0.59 and a debt-to-equity ratio of 0.64.

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

Wall Street Analyst Weigh In

A number of research firms have recently commented on LTH. BMO Capital Markets set a $28.00 price target on Life Time Group and gave the stock a "hold" rating in a report on Friday, March 14th. Northland Securities set a $39.00 price target on Life Time Group and gave the company a "buy" rating in a research note on Thursday, February 27th. Royal Bank of Canada set a $35.00 price objective on Life Time Group and gave the company a "buy" rating in a research note on Thursday, February 27th. Wells Fargo & Company set a $28.00 price target on shares of Life Time Group and gave the company a "hold" rating in a research report on Thursday, February 27th. Finally, Guggenheim upped their price objective on shares of Life Time Group from $32.00 to $36.00 and gave the stock a "buy" rating in a research report on Friday, February 28th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target 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.