Stifel Financial Corp Buys Shares of 32,286 Life Time Group Holdings, Inc. (NYSE:LTH)

Stifel Financial Corp purchased a new position in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 32,286 shares of the company's stock, valued at approximately $714,000.

Several other institutional investors and hedge funds have also modified their holdings of LTH. MetLife Investment Management LLC grew its position in Life Time Group by 6.5% in the fourth quarter. MetLife Investment Management LLC now owns 36,538 shares of the company's stock valued at $808,000 after acquiring an additional 2,216 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Life Time Group by 2.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,190,447 shares of the company's stock worth $114,809,000 after purchasing an additional 147,295 shares in the last quarter. First Trust Advisors LP lifted its stake in shares of Life Time Group by 198.3% in the 4th quarter. First Trust Advisors LP now owns 415,994 shares of the company's stock valued at $9,202,000 after acquiring an additional 276,552 shares during the last quarter. Dnca Finance boosted its stake in shares of Life Time Group by 11.9% during the fourth 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, Osterweis Capital Management Inc. bought a new stake in Life Time Group during the 4th quarter worth approximately $7,952,000. 79.40% of the stock is currently owned by institutional investors.

Life Time Group Trading Down 6.9 %

Shares of LTH opened at $28.64 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.46 and a current ratio of 0.59. Life Time Group Holdings, Inc. has a fifty-two week low of $14.56 and a fifty-two week high of $34.99. The firm has a 50 day moving average price of $30.48 and a 200-day moving average price of $27.54. The firm has a market cap of $6.13 billion, a price-to-earnings ratio of 41.51, a PEG ratio of 0.81 and a beta of 1.86.

Life Time Group (NYSE:LTH - Get Free Report) last released its quarterly earnings data 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 return on equity of 6.42% and a net margin of 5.67%. The company's quarterly revenue was up 18.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.15 earnings per share. As a group, equities research analysts forecast that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current year.

Wall Street Analyst Weigh In

LTH has been the topic of several analyst reports. Northland Securities set a $39.00 price target on Life Time Group and gave the company a "buy" rating in a research report on Thursday, February 27th. 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. Wells Fargo & Company set a $28.00 price objective on Life Time Group and gave the stock a "hold" rating in a research report on Thursday, February 27th. Oppenheimer boosted their target price on Life Time Group from $33.00 to $43.00 and gave the stock an "outperform" rating in a research report on Thursday, January 23rd. Finally, Bank of America set a $40.00 price target on Life Time Group and gave the company a "buy" rating in a report on Monday, March 3rd. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Life Time Group currently has an average rating of "Moderate Buy" and an average 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 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 transaction 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 position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 8.70% of the stock is owned by insiders.

About Life Time Group

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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