Voya Investment Management LLC Has $478,000 Stake in Life Time Group Holdings, Inc. (NYSE:LTH)

Voya Investment Management LLC reduced its holdings in Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 35.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 21,597 shares of the company's stock after selling 11,983 shares during the period. Voya Investment Management LLC's holdings in Life Time Group were worth $478,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Franklin Resources Inc. acquired a new stake in shares of Life Time Group in the third quarter valued at about $593,000. Burns Matteson Capital Management LLC bought a new stake in shares of Life Time Group during the 4th quarter worth approximately $331,000. Braun Stacey Associates Inc. boosted its holdings in shares of Life Time Group by 2.0% in the 4th quarter. Braun Stacey Associates Inc. now owns 867,132 shares of the company's stock valued at $19,181,000 after buying an additional 17,340 shares during the last quarter. Precision Wealth Strategies LLC acquired a new position in Life Time Group during the fourth quarter worth $387,000. Finally, Rhumbline Advisers increased its holdings in Life Time Group by 1.2% during the fourth quarter. Rhumbline Advisers now owns 91,572 shares of the company's stock worth $2,026,000 after buying an additional 1,075 shares during the last quarter. 79.40% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on LTH shares. Evercore ISI set a $38.00 target price on Life Time Group and gave the stock a "buy" rating in a research note on Thursday, February 27th. Mizuho upped their price objective on shares of Life Time Group from $38.00 to $41.00 and gave the company an "outperform" rating in a report on Wednesday, March 5th. BMO Capital Markets set a $28.00 target price on shares of Life Time Group and gave the stock a "hold" rating in a research note on Friday, March 14th. Oppenheimer increased their price target on shares of Life Time Group from $33.00 to $43.00 and gave the company an "outperform" rating in a report on Thursday, January 23rd. 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 equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Life Time Group currently has a consensus rating of "Moderate Buy" and an average price target of $35.92.

Insider Activity

In related news, CEO Bahram Akradi sold 5,000,000 shares of the firm's stock in a transaction dated 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 sale, the chief executive officer now directly owns 2,993,849 shares of the company's stock, valued at $90,204,670.37. This trade 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 link. Corporate insiders own 8.70% of the company's stock.

Life Time Group Trading Down 6.9 %

LTH opened at $28.64 on Friday. The stock has a market capitalization of $6.13 billion, a price-to-earnings ratio of 41.51, a P/E/G ratio of 0.81 and a beta of 1.86. 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 twelve month low of $14.56 and a twelve month high of $34.99. The company has a 50-day simple moving average of $30.48 and a 200 day simple moving average of $27.52.

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 for the quarter, topping analysts' consensus estimates of $0.27 by $0.12. Life Time Group had a net margin of 5.67% and a return on equity of 6.42%. The company had revenue of $706.04 million during the quarter, compared to the consensus estimate of $684.06 million. During the same quarter in the prior year, the firm posted $0.15 EPS. The firm's quarterly revenue was up 18.3% on a year-over-year basis. Analysts predict that Life Time Group Holdings, Inc. will post 0.74 EPS for the current fiscal year.

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.

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