Nuveen Asset Management LLC increased its position in Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 17.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,103,883 shares of the company's stock after buying an additional 165,625 shares during the period. Nuveen Asset Management LLC owned about 0.53% of Life Time Group worth $24,418,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Burns Matteson Capital Management LLC acquired a new stake in shares of Life Time Group during the 4th quarter worth $331,000. Braun Stacey Associates Inc. grew its stake in shares of Life Time Group by 2.0% during the fourth quarter. Braun Stacey Associates Inc. now owns 867,132 shares of the company's stock valued at $19,181,000 after acquiring an additional 17,340 shares in the last quarter. Precision Wealth Strategies LLC purchased a new stake in Life Time Group during the 4th quarter worth approximately $387,000. Rhumbline Advisers raised 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 acquiring an additional 1,075 shares in the last quarter. Finally, Barclays PLC raised its stake in shares of Life Time Group by 119.0% in the 3rd 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 in the last quarter. Hedge funds and other institutional investors own 79.40% of the company's stock.
Insider Activity
In other Life Time Group news, CEO Bahram Akradi sold 5,000,000 shares of the business's stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $30.13, for a total transaction of $150,650,000.00. Following the sale, the chief executive officer now owns 2,993,849 shares in the company, valued at approximately $90,204,670.37. The trade was a 62.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 8.70% of the stock is currently owned by company insiders.
Life Time Group Price Performance
Life Time Group stock traded down $0.41 during midday trading on Wednesday, hitting $28.40. The company's stock had a trading volume of 429,739 shares, compared to its average volume of 2,201,246. Life Time Group Holdings, Inc. has a 12 month low of $15.29 and a 12 month high of $34.99. The company has a quick ratio of 0.46, a current ratio of 0.59 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $6.23 billion, a PE ratio of 41.15, a price-to-earnings-growth ratio of 0.81 and a beta of 1.86. The stock's 50-day moving average price is $30.38 and its 200-day moving average price is $28.03.
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 (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.12. The company had revenue of $706.04 million for the quarter, compared to analysts' expectations of $684.06 million. Life Time Group had a return on equity of 6.42% and a net margin of 5.67%. The firm's revenue was up 18.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.15 earnings per share. Analysts anticipate that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
LTH has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft set a $36.00 price target on Life Time Group and gave the company a "buy" rating in a report on Monday, March 3rd. BMO Capital Markets set a $28.00 target price on shares of Life Time Group and gave the company a "hold" rating in a research note on Friday, March 14th. Mizuho raised their price target on shares of Life Time Group from $38.00 to $41.00 and gave the stock an "outperform" rating in a research report on Wednesday, March 5th. Northland Securities set a $39.00 price target on shares of Life Time Group and gave the company a "buy" rating in a report on Thursday, February 27th. Finally, Wells Fargo & Company set a $28.00 price objective on shares of Life Time Group and gave the stock a "hold" rating in a research note on Thursday, February 27th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Life Time Group currently has an average rating of "Moderate Buy" and a consensus price target of $35.92.
View Our Latest Research Report on Life Time Group
About Life Time Group
(
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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