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

Tidal Investments LLC purchased a new position in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 14,960 shares of the company's stock, valued at approximately $331,000.

Other hedge funds also recently modified their holdings of the company. Burns Matteson Capital Management LLC purchased a new position in shares of Life Time Group during the 4th quarter valued at $331,000. Braun Stacey Associates Inc. raised its stake in Life Time Group by 2.0% in the 4th 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 during the period. Precision Wealth Strategies LLC purchased a new stake in Life Time Group during the fourth quarter valued at about $387,000. Rhumbline Advisers boosted its position in Life Time Group by 1.2% during the fourth quarter. Rhumbline Advisers now owns 91,572 shares of the company's stock worth $2,026,000 after purchasing an additional 1,075 shares during the period. Finally, Barclays PLC increased its stake in shares of Life Time Group by 119.0% in 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 in the last quarter. Institutional investors own 79.40% of the company's stock.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Bank of America set a $40.00 price target on shares of Life Time Group and gave the company a "buy" rating in a research note on Monday, March 3rd. BMO Capital Markets set a $28.00 price target on Life Time Group and gave the company a "hold" rating in a research report on Friday, March 14th. Morgan Stanley boosted their price objective on Life Time Group from $33.00 to $34.00 and gave the company an "equal weight" rating in a research note on Friday, May 9th. Craig Hallum upgraded Life Time Group to a "buy" rating and set a $45.00 target price for the company in a research note on Friday, May 23rd. Finally, Mizuho lifted their target price on Life Time Group from $38.00 to $41.00 and gave the company an "outperform" rating in a report on Wednesday, March 5th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, Life Time Group has an average rating of "Moderate Buy" and a consensus price target of $35.92.

Life Time Group Price Performance

Shares of LTH stock traded up $0.24 during trading hours on Wednesday, hitting $29.41. 174,799 shares of the company's stock were exchanged, compared to its average volume of 1,700,713. The company has a market capitalization of $6.45 billion, a PE ratio of 42.65, a PEG ratio of 0.81 and a beta of 1.86. The company has a current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 0.64. Life Time Group Holdings, Inc. has a 12-month low of $16.81 and a 12-month high of $34.99. The business's 50 day simple moving average is $30.09 and its 200-day simple moving average is $28.19.

Life Time Group (NYSE:LTH - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.39 EPS 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 for the quarter, compared to analysts' expectations of $684.06 million. During the same quarter last year, the company earned $0.15 EPS. The firm's revenue was up 18.3% compared to the same quarter last year. On average, equities research analysts anticipate that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current 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.