Farther Finance Advisors LLC Has $43,000 Position in Life Time Group Holdings, Inc. (NYSE:LTH)

Farther Finance Advisors LLC increased its position in shares of Life Time Group Holdings, Inc. (NYSE:LTH) by 105.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,762 shares of the company’s stock after acquiring an additional 906 shares during the period. Farther Finance Advisors LLC’s holdings in Life Time Group were worth $43,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in LTH. Entropy Technologies LP acquired a new stake in shares of Life Time Group in the 1st quarter valued at approximately $198,000. Vanguard Group Inc. boosted its position in Life Time Group by 1.2% in the first quarter. Vanguard Group Inc. now owns 6,479,496 shares of the company’s stock valued at $100,562,000 after buying an additional 78,290 shares in the last quarter. Hood River Capital Management LLC grew its stake in shares of Life Time Group by 3,657.9% during the first quarter. Hood River Capital Management LLC now owns 1,257,960 shares of the company’s stock worth $19,524,000 after buying an additional 1,224,485 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Life Time Group by 17.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 12,769 shares of the company’s stock worth $199,000 after buying an additional 1,866 shares in the last quarter. Finally, Paloma Partners Management Co bought a new position in shares of Life Time Group in the 1st quarter valued at $357,000. 79.40% of the stock is owned by institutional investors.

Analyst Ratings Changes

LTH has been the subject of a number of recent research reports. Royal Bank of Canada upped their target price on Life Time Group from $20.00 to $27.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. Wells Fargo & Company boosted their target price on shares of Life Time Group from $21.00 to $25.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th. Bank of America raised their price target on shares of Life Time Group from $29.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, September 6th. The Goldman Sachs Group boosted their price objective on shares of Life Time Group from $15.00 to $22.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Finally, Northland Securities raised their target price on Life Time Group from $28.50 to $29.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $27.63.

Insiders Place Their Bets

In other news, CFO Erik Weaver sold 4,662 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $25.88, for a total value of $120,652.56. Following the completion of the sale, the chief financial officer now directly owns 75,866 shares in the company, valued at $1,963,412.08. This trade represents a 5.79 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 12.50% of the company’s stock.

Life Time Group Stock Performance

Shares of LTH opened at $23.84 on Friday. The firm’s fifty day simple moving average is $24.40 and its two-hundred day simple moving average is $20.99. Life Time Group Holdings, Inc. has a 12 month low of $11.89 and a 12 month high of $27.11. 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 stock has a market capitalization of $4.93 billion, a P/E ratio of 35.04, a price-to-earnings-growth ratio of 1.55 and a beta of 1.89.

Life Time Group (NYSE:LTH) last issued its earnings results on Thursday, October 24th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). The business had revenue of $693.20 million during the quarter, compared to the consensus estimate of $684.13 million. Life Time Group had a return on equity of 6.42% and a net margin of 5.67%. The company’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.09 earnings per share. As a group, analysts predict that Life Time Group Holdings, Inc. will post 0.56 EPS for the current 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.