MRA Advisory Group Takes $355,000 Position in Life Time Group Holdings, Inc. (NYSE:LTH)

MRA Advisory Group bought a new position in Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 11,741 shares of the company's stock, valued at approximately $355,000.

Other large investors also recently modified their holdings of the company. Kapitalo Investimentos Ltda bought a new stake in shares of Life Time Group in the fourth quarter worth about $33,000. 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 worth $45,000 after purchasing an additional 1,821 shares during the last quarter. Quarry LP grew its stake 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 worth $52,000 after purchasing an additional 1,649 shares during the last quarter. Dnca Finance grew its stake in shares of Life Time Group by 11.9% in the fourth quarter. Dnca Finance now owns 3,830 shares of the company's stock worth $85,000 after purchasing an additional 407 shares during the last quarter. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Life Time Group in the fourth quarter worth about $88,000. 79.40% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Evercore ISI set a $38.00 target price on 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 price objective on Life Time Group and gave the company a "buy" rating in a research report on Monday, March 3rd. Royal Bank of Canada set a $35.00 price objective on Life Time Group and gave the company a "buy" rating in a research report on Thursday, February 27th. Deutsche Bank Aktiengesellschaft set a $36.00 price objective on Life Time Group and gave the company a "buy" rating in a research report on Monday, March 3rd. Finally, Guggenheim lifted their price objective on Life Time Group from $32.00 to $36.00 and gave the company a "buy" rating in a research report on Friday, February 28th. Five investment 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, Life Time Group has a consensus rating of "Moderate Buy" and an average price target of $35.92.

Life Time Group Price Performance

Shares of NYSE LTH opened at $28.70 on Friday. Life Time Group Holdings, Inc. has a twelve month low of $17.17 and a twelve month high of $34.99. The firm has a market cap of $6.30 billion, a P/E ratio of 41.59, a PEG ratio of 0.81 and a beta of 1.75. The company has a 50 day moving average of $30.05 and a 200 day moving average of $28.24. 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 announced its quarterly earnings data on Thursday, May 8th. The company reported $0.39 earnings per share for the quarter, topping analysts' consensus estimates of $0.27 by $0.12. Life Time Group had a net margin of 5.67% and a return on equity of 6.42%. The company had revenue of $706.04 million during the quarter, compared to analyst estimates of $684.06 million. During the same period in the previous year, the business earned $0.15 EPS. The firm's revenue for the quarter was up 18.3% on a year-over-year basis. As a group, research analysts expect that Life Time Group Holdings, Inc. will post 0.74 EPS for the current fiscal year.

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.

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