PharVision Advisers LLC Takes Position in Life Time Group Holdings, Inc. (NYSE:LTH)

PharVision Advisers LLC purchased a new stake in Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 9,438 shares of the company's stock, valued at approximately $209,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Barclays PLC boosted its holdings in Life Time Group by 119.0% during the third quarter. Barclays PLC now owns 248,698 shares of the company's stock worth $6,073,000 after purchasing an additional 135,116 shares during the last quarter. Park Avenue Securities LLC acquired a new position in Life Time Group during the fourth quarter worth $542,000. R Squared Ltd acquired a new position in Life Time Group during the fourth quarter worth $42,000. Precision Wealth Strategies LLC acquired a new position in Life Time Group during the fourth quarter worth $387,000. Finally, Burns Matteson Capital Management LLC acquired a new position in Life Time Group during the fourth quarter worth $331,000. Institutional investors and hedge funds own 79.40% of the company's stock.

Life Time Group Price Performance

LTH stock opened at $28.80 on Friday. 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 Holdings, Inc. has a 12 month low of $15.29 and a 12 month high of $34.99. The firm has a market cap of $6.32 billion, a P/E ratio of 41.74, a P/E/G ratio of 0.81 and a beta of 1.86. The company's 50-day moving average price is $30.48 and its two-hundred day moving average price is $27.90.

Life Time Group (NYSE:LTH - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.39 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $706.04 million for the quarter, compared to analyst estimates of $684.06 million. During the same period last year, the firm earned $0.15 EPS. The business's quarterly revenue was up 18.3% compared to the same quarter last year. On average, analysts anticipate that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current fiscal year.

Insider Buying and Selling at Life Time Group

In other Life Time Group news, CEO Bahram Akradi sold 5,000,000 shares of the firm's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $30.13, for a total value of $150,650,000.00. Following the transaction, the chief executive officer now directly owns 2,993,849 shares of the company's stock, valued at $90,204,670.37. This trade represents a 62.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 8.70% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently commented on LTH shares. Craig Hallum increased their target price on shares of Life Time Group from $40.00 to $45.00 and gave the stock a "buy" rating in a report on Friday, February 28th. The Goldman Sachs Group increased their target price on shares of Life Time Group from $22.00 to $32.00 and gave the stock a "neutral" rating in a report on Monday, March 3rd. Wells Fargo & Company set a $28.00 target price on shares of Life Time Group and gave the stock a "hold" rating in a report on Thursday, February 27th. Deutsche Bank Aktiengesellschaft set a $36.00 price target on shares of Life Time Group and gave the company a "buy" rating in a research note on Monday, March 3rd. Finally, Oppenheimer increased their price target on shares of Life Time Group from $33.00 to $43.00 and gave the company an "outperform" rating in a research note on Thursday, January 23rd. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Life Time Group currently has an average rating of "Moderate Buy" and an average target price of $35.92.

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.

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