Man Group plc Takes $593,000 Position in Life Time Group Holdings, Inc. (NYSE:LTH)

Man Group plc acquired a new stake in Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 26,805 shares of the company's stock, valued at approximately $593,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Burns Matteson Capital Management LLC bought a new stake in Life Time Group in the fourth quarter valued at about $331,000. Braun Stacey Associates Inc. increased its holdings in Life Time Group by 2.0% in the fourth quarter. Braun Stacey Associates Inc. now owns 867,132 shares of the company's stock valued at $19,181,000 after purchasing an additional 17,340 shares during the last quarter. Precision Wealth Strategies LLC bought a new stake in Life Time Group in the fourth quarter valued at about $387,000. Rhumbline Advisers increased its holdings in Life Time Group by 1.2% in the fourth quarter. Rhumbline Advisers now owns 91,572 shares of the company's stock valued at $2,026,000 after purchasing an additional 1,075 shares during the last quarter. Finally, Barclays PLC increased its holdings in Life Time Group by 119.0% in the third quarter. Barclays PLC now owns 248,698 shares of the company's stock valued at $6,073,000 after purchasing an additional 135,116 shares during the last quarter. Institutional investors own 79.40% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Wells Fargo & Company set a $28.00 price objective on Life Time Group and gave the company a "hold" rating in a report on Thursday, February 27th. Guggenheim boosted their target price on Life Time Group from $32.00 to $36.00 and gave the company a "buy" rating in a research note on Friday, February 28th. The Goldman Sachs Group boosted their target price on Life Time Group from $22.00 to $32.00 and gave the company a "neutral" rating in a research note on Monday, March 3rd. Royal Bank of Canada set a $35.00 target price on Life Time Group and gave the company a "buy" rating in a research note on Thursday, February 27th. Finally, BMO Capital Markets set a $28.00 target price on Life Time Group and gave the company a "hold" rating in a research note on Friday, March 14th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $35.92.

Life Time Group Stock Up 0.5%

LTH stock traded up $0.14 during mid-day trading on Thursday, reaching $28.75. The company had a trading volume of 885,954 shares, compared to its average volume of 1,688,869. 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 stock has a 50 day simple moving average of $30.34 and a two-hundred day simple moving average of $28.03. The company has a market capitalization of $6.31 billion, a price-to-earnings ratio of 41.67, a PEG ratio of 0.81 and a beta of 1.86. Life Time Group Holdings, Inc. has a 52 week low of $15.29 and a 52 week high of $34.99.

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 for the quarter, beating 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 firm had revenue of $706.04 million during the quarter, compared to the consensus estimate of $684.06 million. During the same period last year, the company earned $0.15 earnings per share. The business's revenue was up 18.3% compared to the same quarter last year. As a group, equities analysts predict that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current fiscal year.

About Life Time Group

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.