Cetera Investment Advisers Buys 12,143 Shares of Life Time Group Holdings, Inc. (NYSE:LTH)

Cetera Investment Advisers lifted its position in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 81.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 27,089 shares of the company's stock after acquiring an additional 12,143 shares during the quarter. Cetera Investment Advisers' holdings in Life Time Group were worth $818,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its stake in shares of Life Time Group by 2.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,190,447 shares of the company's stock valued at $114,809,000 after purchasing an additional 147,295 shares during the period. Driehaus Capital Management LLC raised its stake in shares of Life Time Group by 5.2% during the 4th quarter. Driehaus Capital Management LLC now owns 2,955,669 shares of the company's stock valued at $65,379,000 after purchasing an additional 145,002 shares during the period. Hood River Capital Management LLC raised its stake in shares of Life Time Group by 2.4% during the 4th quarter. Hood River Capital Management LLC now owns 2,787,210 shares of the company's stock valued at $61,653,000 after purchasing an additional 64,613 shares during the period. Fuller & Thaler Asset Management Inc. grew its position in Life Time Group by 6.6% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 1,850,303 shares of the company's stock worth $40,929,000 after buying an additional 115,115 shares in the last quarter. Finally, Granahan Investment Management LLC grew its position in Life Time Group by 3.7% during the fourth quarter. Granahan Investment Management LLC now owns 1,638,309 shares of the company's stock worth $36,239,000 after buying an additional 58,867 shares in the last quarter. Institutional investors own 79.40% of the company's stock.

Insider Activity at Life Time Group

In other Life Time Group news, EVP Parham Javaheri sold 84,744 shares of the stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $27.84, for a total value of $2,359,272.96. Following the completion of the sale, the executive vice president owned 249,526 shares in the company, valued at approximately $6,946,803.84. This trade represents a 25.35% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Ritadhwaja Jebens Singh sold 134,247 shares of the stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $28.80, for a total value of $3,866,313.60. Following the completion of the sale, the executive vice president owned 133,189 shares of the company's stock, valued at approximately $3,835,843.20. This trade represents a 50.20% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,548,155 shares of company stock worth $691,624,905 over the last three months. Corporate insiders own 8.70% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on LTH. Wall Street Zen cut Life Time Group from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Craig Hallum upgraded Life Time Group to a "buy" rating and set a $45.00 target price for the company in a research report on Friday, May 23rd. Morgan Stanley boosted 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. Finally, Guggenheim restated a "buy" rating and set a $36.00 target price on shares of Life Time Group in a research report on Tuesday, June 24th. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $35.92.

Life Time Group Trading Up 3.5%

LTH stock traded up $0.95 during trading on Friday, hitting $28.36. 2,229,413 shares of the company traded hands, compared to its average volume of 2,827,145. The firm has a market capitalization of $6.24 billion, a PE ratio of 27.80 and a beta of 1.73. Life Time Group Holdings, Inc. has a 1 year low of $21.49 and a 1 year high of $34.99. The company has a 50-day moving average of $28.68 and a 200-day moving average of $29.80. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.53 and a current ratio of 0.65.

Life Time Group (NYSE:LTH - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.04. The company had revenue of $761.47 million during the quarter, compared to analysts' expectations of $752.33 million. Life Time Group had a return on equity of 9.05% and a net margin of 8.03%. Life Time Group's quarterly revenue was up 14.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.26 EPS. Analysts predict that Life Time Group Holdings, Inc. will post 0.74 earnings per share 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.