Frontier Capital Management Co. LLC Raises Stock Holdings in Life Time Group Holdings, Inc. (NYSE:LTH)

Frontier Capital Management Co. LLC boosted its position in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 63.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,415,089 shares of the company's stock after purchasing an additional 549,483 shares during the period. Frontier Capital Management Co. LLC owned about 0.68% of Life Time Group worth $31,302,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of LTH. Marshall Wace LLP raised its holdings in shares of Life Time Group by 7,344.2% in the fourth quarter. Marshall Wace LLP now owns 1,361,032 shares of the company's stock valued at $30,106,000 after purchasing an additional 1,342,749 shares during the last quarter. Norges Bank bought a new stake in Life Time Group during the 4th quarter worth about $19,198,000. American Century Companies Inc. boosted its stake in shares of Life Time Group by 61.9% during the 4th quarter. American Century Companies Inc. now owns 1,924,461 shares of the company's stock worth $42,569,000 after buying an additional 735,682 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Life Time Group by 45.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,038,064 shares of the company's stock valued at $45,082,000 after acquiring an additional 640,385 shares in the last quarter. Finally, Loomis Sayles & Co. L P raised its holdings in Life Time Group by 12.3% during the fourth quarter. Loomis Sayles & Co. L P now owns 3,425,925 shares of the company's stock worth $75,781,000 after acquiring an additional 375,672 shares in the last quarter. 79.40% of the stock is currently owned by institutional investors.

Life Time Group Price Performance

Shares of NYSE:LTH traded down $0.36 during trading on Wednesday, hitting $29.51. 738,370 shares of the company were exchanged, compared to its average volume of 2,276,284. The company has a market capitalization of $6.31 billion, a P/E ratio of 42.77, a price-to-earnings-growth ratio of 0.81 and a beta of 1.86. Life Time Group Holdings, Inc. has a 1-year low of $14.75 and a 1-year 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 business's 50 day moving average is $30.42 and its 200-day moving average is $27.63.

Life Time Group (NYSE:LTH - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.39 EPS for the quarter, beating analysts' consensus estimates of $0.27 by $0.12. The firm had revenue of $706.04 million for the quarter, compared to analyst estimates of $684.06 million. Life Time Group had a return on equity of 6.42% and a net margin of 5.67%. The business's revenue was up 18.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.15 EPS. Equities analysts forecast that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current year.

Insider Activity

In other Life Time Group news, CEO Bahram Akradi sold 5,000,000 shares of the company'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 completion of the sale, the chief executive officer now directly owns 2,993,849 shares of the company's stock, valued at approximately $90,204,670.37. This represents a 62.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 8.70% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on LTH shares. Oppenheimer upped their price objective on Life Time Group from $33.00 to $43.00 and gave the stock an "outperform" rating in a research note on Thursday, January 23rd. Bank of America set a $40.00 price objective on shares of Life Time Group and gave the company a "buy" rating in a research report on Monday, March 3rd. Morgan Stanley raised 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. Deutsche Bank Aktiengesellschaft set a $36.00 price target on Life Time Group and gave the stock a "buy" rating in a research report on Monday, March 3rd. Finally, Wells Fargo & Company set a $28.00 target price on Life Time Group and gave the stock a "hold" rating in a research note on Thursday, February 27th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Life Time Group presently has an average rating of "Moderate Buy" and an average price target of $35.92.

Life Time Group 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.