Life Time Group Holdings, Inc. (NYSE:LTH) Shares Acquired by Granahan Investment Management LLC

Granahan Investment Management LLC boosted its holdings in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 3.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,638,309 shares of the company's stock after purchasing an additional 58,867 shares during the period. Life Time Group makes up 1.5% of Granahan Investment Management LLC's investment portfolio, making the stock its 18th largest holding. Granahan Investment Management LLC owned about 0.79% of Life Time Group worth $36,239,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Franklin Resources Inc. purchased a new stake in shares of Life Time Group in the third quarter valued at about $593,000. Burns Matteson Capital Management LLC purchased a new stake in shares of Life Time Group during the 4th quarter worth $331,000. Braun Stacey Associates Inc. lifted its stake in shares of Life Time Group by 2.0% in the fourth quarter. Braun Stacey Associates Inc. now owns 867,132 shares of the company's stock valued at $19,181,000 after purchasing an additional 17,340 shares during the period. Precision Wealth Strategies LLC acquired a new stake in shares of Life Time Group during the 4th quarter valued at approximately $387,000. Finally, Rhumbline Advisers grew its holdings in shares of Life Time Group by 1.2% in the 4th quarter. Rhumbline Advisers now owns 91,572 shares of the company's stock worth $2,026,000 after acquiring an additional 1,075 shares during the period. 79.40% of the stock is currently owned by institutional investors and hedge funds.

Life Time Group Stock Performance

Life Time Group stock traded down $0.46 during midday trading on Thursday, reaching $28.81. 836,397 shares of the stock traded hands, compared to its average volume of 1,662,869. Life Time Group Holdings, Inc. has a fifty-two week low of $14.75 and a fifty-two week high of $34.99. The company has a current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 0.64. The firm has a market cap of $6.16 billion, a price-to-earnings ratio of 41.74, a PEG ratio of 0.81 and a beta of 1.86. The firm has a fifty day moving average price of $30.43 and a two-hundred day moving average price of $27.64.

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

Analyst Upgrades and Downgrades

A number of analysts recently commented on LTH shares. Guggenheim increased their price objective on Life Time Group from $32.00 to $36.00 and gave the company a "buy" rating in a research note on Friday, February 28th. Mizuho increased their target price on Life Time Group from $38.00 to $41.00 and gave the company an "outperform" rating in a research note on Wednesday, March 5th. Bank of America set a $40.00 price target on Life Time Group and gave the stock a "buy" rating in a research report on Monday, March 3rd. Wells Fargo & Company set a $28.00 price target on Life Time Group and gave the stock a "hold" rating in a report on Thursday, February 27th. Finally, The Goldman Sachs Group boosted their target price on shares of Life Time Group from $22.00 to $32.00 and gave the stock a "neutral" rating in a research report on Monday, March 3rd. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $35.92.

Insider Buying and Selling

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 transaction of $150,650,000.00. Following the transaction, the chief executive officer now owns 2,993,849 shares of the company's stock, valued at approximately $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 is available at this hyperlink. Corporate insiders own 8.70% of the company's stock.

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.