Northern Trust Corp Purchases 62,458 Shares of Life Time Group Holdings, Inc. (NYSE:LTH)

Northern Trust Corp increased its holdings in Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 9.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 701,934 shares of the company's stock after buying an additional 62,458 shares during the period. Northern Trust Corp owned about 0.34% of Life Time Group worth $15,527,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of LTH. R Squared Ltd bought a new stake in Life Time Group in the 4th quarter valued at about $42,000. Sterling Capital Management LLC raised its position in shares of Life Time Group by 892.6% during the 4th quarter. Sterling Capital Management LLC now owns 2,025 shares of the company's stock worth $45,000 after buying an additional 1,821 shares in the last quarter. Quarry LP raised its position in shares of Life Time Group by 240.4% during the 4th quarter. Quarry LP now owns 2,335 shares of the company's stock worth $52,000 after buying an additional 1,649 shares in the last quarter. Dnca Finance raised its position in shares of Life Time Group by 11.9% during the 4th quarter. Dnca Finance now owns 3,830 shares of the company's stock worth $85,000 after buying an additional 407 shares in the last quarter. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Life Time Group during the 4th quarter worth about $88,000. 79.40% of the stock is currently owned by institutional investors.

Life Time Group Trading Down 0.6%

Shares of NYSE:LTH traded down $0.19 during mid-day trading on Tuesday, reaching $29.23. The stock had a trading volume of 41,265 shares, compared to its average volume of 1,671,711. The firm has a market cap of $6.41 billion, a PE ratio of 42.55, a price-to-earnings-growth ratio of 0.81 and a beta of 1.86. The firm has a 50 day simple moving average of $30.49 and a two-hundred day simple moving average of $27.84. 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 twelve month low of $15.19 and a twelve month high of $34.99.

Life Time Group (NYSE:LTH - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.27 by $0.12. The firm 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 business's quarterly revenue was up 18.3% on a year-over-year basis. During the same period last year, the company posted $0.15 EPS. On average, research analysts predict that Life Time Group Holdings, Inc. will post 0.74 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Insider Activity

In other news, CEO Bahram Akradi sold 5,000,000 shares of the company's stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $30.13, for a total value of $150,650,000.00. Following the completion of the transaction, the chief executive officer now owns 2,993,849 shares of the company's stock, valued at $90,204,670.37. This represents a 62.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 8.70% of the stock is currently owned by company insiders.

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.