EFG Asset Management North America Corp. purchased a new stake in Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 34,457 shares of the company's stock, valued at approximately $1,041,000.
Other hedge funds have also recently bought and sold shares of the company. Harbour Investments Inc. bought a new position in Life Time Group in the 1st quarter valued at about $36,000. Caitong International Asset Management Co. Ltd boosted its position in Life Time Group by 226.5% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,750 shares of the company's stock worth $53,000 after buying an additional 1,214 shares during the period. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Life Time Group during the 1st quarter worth approximately $74,000. Amalgamated Bank increased its position in shares of Life Time Group by 42.3% during the first quarter. Amalgamated Bank now owns 2,898 shares of the company's stock worth $88,000 after buying an additional 862 shares during the period. Finally, Fortress Investment Group LLC bought a new position in Life Time Group during the fourth quarter worth $120,000. 79.40% of the stock is owned by institutional investors.
Insider Activity
In other news, EVP Parham Javaheri sold 9,375 shares of the business's stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $28.05, for a total transaction of $262,968.75. Following the transaction, the executive vice president owned 240,151 shares of the company's stock, valued at approximately $6,736,235.55. The trade was a 3.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 8.70% of the stock is owned by company insiders.
Analysts Set New Price Targets
A number of research firms have weighed in on LTH. Guggenheim reaffirmed a "buy" rating and issued a $36.00 price objective on shares of Life Time Group in a research note on Tuesday, June 24th. Wall Street Zen lowered shares of Life Time Group from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Finally, Craig Hallum raised shares of Life Time Group to a "buy" rating and set a $45.00 price objective on the stock in a report on Friday, May 23rd. Eight investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, Life Time Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $35.92.
Check Out Our Latest Report on Life Time Group
Life Time Group Stock Down 0.9%
Life Time Group stock traded down $0.26 on Wednesday, hitting $28.38. 358,166 shares of the stock traded hands, compared to its average volume of 2,490,859. The company has a current ratio of 0.65, a quick ratio of 0.53 and a debt-to-equity ratio of 0.52. The firm has a market cap of $6.24 billion, a P/E ratio of 27.82 and a beta of 1.72. The business's fifty day simple moving average is $28.63 and its 200 day simple moving average is $29.44. Life Time Group Holdings, Inc. has a 1 year low of $21.49 and a 1 year high of $34.99.
Life Time Group (NYSE:LTH - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.04. Life Time Group had a return on equity of 9.05% and a net margin of 8.03%.The firm had revenue of $761.47 million during the quarter, compared to analyst estimates of $752.33 million. During the same quarter in the previous year, the firm earned $0.26 EPS. Life Time Group's quarterly revenue was up 14.0% compared to the same quarter last year. Life Time Group has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current year.
Life Time Group Profile
(
Free Report)
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.
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