Deutsche Bank AG Purchases 37,529 Shares of Life Time Group Holdings, Inc. (NYSE:LTH)

Deutsche Bank AG increased its stake in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 15.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 279,735 shares of the company's stock after acquiring an additional 37,529 shares during the quarter. Deutsche Bank AG owned about 0.14% of Life Time Group worth $6,188,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of LTH. Dnca Finance boosted its stake in Life Time Group by 11.9% during the fourth quarter. Dnca Finance now owns 3,830 shares of the company's stock worth $85,000 after buying an additional 407 shares in the last quarter. Summit Investment Advisors Inc. boosted its stake in Life Time Group by 12.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 6,478 shares of the company's stock worth $143,000 after buying an additional 712 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Life Time Group by 0.4% during the fourth quarter. Bank of New York Mellon Corp now owns 219,915 shares of the company's stock worth $4,865,000 after buying an additional 788 shares in the last quarter. Rhumbline Advisers boosted its stake in Life Time Group by 1.2% during the fourth quarter. Rhumbline Advisers now owns 91,572 shares of the company's stock worth $2,026,000 after buying an additional 1,075 shares in the last quarter. Finally, Handelsbanken Fonder AB boosted its stake in Life Time Group by 6.4% during the fourth quarter. Handelsbanken Fonder AB now owns 18,400 shares of the company's stock worth $407,000 after buying an additional 1,100 shares in the last quarter. Institutional investors own 79.40% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Evercore ISI set a $38.00 price target on shares of Life Time Group and gave the stock a "buy" rating in a research note on Thursday, February 27th. Bank of America set a $40.00 target price on shares of Life Time Group and gave the company a "buy" rating in a research note on Monday, March 3rd. Guggenheim boosted their target price on shares of Life Time Group from $32.00 to $36.00 and gave the company a "buy" rating in a research note on Friday, February 28th. Wells Fargo & Company set a $28.00 target price on shares of Life Time Group and gave the company a "hold" rating in a research note on Thursday, February 27th. Finally, Morgan Stanley boosted their target price on shares of Life Time Group from $33.00 to $34.00 and gave the company an "equal weight" rating in a research note on Friday, May 9th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $35.92.

Life Time Group Price Performance

NYSE LTH traded up $0.16 on Friday, hitting $28.96. 980,239 shares of the company were exchanged, compared to its average volume of 1,685,092. The firm has a 50 day moving average of $30.46 and a two-hundred day moving average of $27.94. The company has a market cap of $6.35 billion, a P/E ratio of 41.97, a P/E/G ratio of 0.81 and a beta of 1.86. The company has a current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 0.64. Life Time Group Holdings, Inc. has a 1-year low of $15.29 and a 1-year high of $34.99.

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

Insider Buying and Selling

In related news, CEO Bahram Akradi sold 5,000,000 shares of the company's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $30.13, for a total transaction of $150,650,000.00. Following the transaction, the chief executive officer now owns 2,993,849 shares in the company, valued at $90,204,670.37. This represents a 62.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 8.70% of the stock is owned by corporate insiders.

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.