UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 34.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 134,939 shares of the company's stock after buying an additional 34,727 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.07% of Life Time Group worth $2,985,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the business. Kapitalo Investimentos Ltda acquired a new stake in shares of Life Time Group in the 4th quarter valued at $33,000. Sterling Capital Management LLC boosted its stake in shares of Life Time Group by 892.6% in the 4th quarter. Sterling Capital Management LLC now owns 2,025 shares of the company's stock valued at $45,000 after purchasing an additional 1,821 shares in the last quarter. Quarry LP boosted its stake in shares of Life Time Group by 240.4% in the 4th quarter. Quarry LP now owns 2,335 shares of the company's stock valued at $52,000 after purchasing an additional 1,649 shares in the last quarter. Dnca Finance boosted its stake in shares of Life Time Group by 11.9% in the 4th quarter. Dnca Finance now owns 3,830 shares of the company's stock valued at $85,000 after purchasing an additional 407 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Life Time Group in the 4th quarter valued at $88,000. Institutional investors and hedge funds own 79.40% of the company's stock.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on the stock. Craig Hallum upgraded shares of Life Time Group to a "buy" rating and set a $45.00 target price on the stock in a research note on Friday, May 23rd. Bank of America set a $40.00 target price on shares of Life Time Group and gave the company a "buy" rating in a research note on Monday, March 3rd. Royal Bank of Canada set a $35.00 target price on shares of Life Time Group and gave the company a "buy" rating in a research note on Thursday, February 27th. Morgan Stanley boosted their target price on shares of 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. Finally, The Goldman Sachs Group boosted their target price on shares of Life Time Group from $22.00 to $32.00 and gave the company a "neutral" rating in a research note on Monday, March 3rd. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $35.92.
Get Our Latest Report on Life Time Group
Life Time Group Stock Down 3.9%
Shares of NYSE LTH opened at $28.70 on Friday. The firm's 50-day simple moving average is $30.05 and its 200 day simple moving average is $28.24. The company has a market cap of $6.30 billion, a price-to-earnings ratio of 41.59, a price-to-earnings-growth ratio of 0.81 and a beta of 1.75. 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 $17.17 and a 12-month high of $34.99.
Life Time Group (NYSE:LTH - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.12. The business had revenue of $706.04 million for the quarter, compared to the consensus estimate of $684.06 million. Life Time Group had a net margin of 5.67% and a return on equity of 6.42%. The firm's quarterly revenue was up 18.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.15 EPS. On average, research analysts expect that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current fiscal year.
Life Time Group Company Profile
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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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