Daiwa Securities Group Inc. Has $356,000 Holdings in Life Time Group Holdings, Inc. (NYSE:LTH)

Daiwa Securities Group Inc. decreased its holdings in Life Time Group Holdings, Inc. (NYSE:LTH) by 24.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 14,560 shares of the company’s stock after selling 4,610 shares during the period. Daiwa Securities Group Inc.’s holdings in Life Time Group were worth $356,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Amalgamated Bank lifted its position in Life Time Group by 38.2% during the second quarter. Amalgamated Bank now owns 2,036 shares of the company’s stock worth $38,000 after purchasing an additional 563 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of Life Time Group by 105.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,762 shares of the company’s stock worth $43,000 after acquiring an additional 906 shares during the period. Assetmark Inc. boosted its position in shares of Life Time Group by 8.5% during the 3rd quarter. Assetmark Inc. now owns 12,022 shares of the company’s stock worth $294,000 after acquiring an additional 941 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Life Time Group by 17.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 12,769 shares of the company’s stock valued at $199,000 after acquiring an additional 1,866 shares during the last quarter. Finally, GSA Capital Partners LLP raised its position in Life Time Group by 2.2% during the third quarter. GSA Capital Partners LLP now owns 93,872 shares of the company’s stock valued at $2,292,000 after purchasing an additional 1,987 shares in the last quarter. Institutional investors own 79.40% of the company’s stock.

Life Time Group Price Performance

Shares of LTH opened at $24.27 on Monday. The business has a 50-day moving average of $24.39 and a 200-day moving average of $21.87. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.59 and a quick ratio of 0.46. The company has a market capitalization of $5.02 billion, a price-to-earnings ratio of 35.17, a price-to-earnings-growth ratio of 1.56 and a beta of 1.89. Life Time Group Holdings, Inc. has a 1 year low of $11.89 and a 1 year high of $27.11.

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

Insider Buying and Selling at Life Time Group

In related news, CFO Erik Weaver sold 4,662 shares of the stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $25.88, for a total transaction of $120,652.56. Following the transaction, the chief financial officer now directly owns 75,866 shares of the company’s stock, valued at $1,963,412.08. This represents a 5.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Parham Javaheri sold 168,000 shares of Life Time Group stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $24.57, for a total transaction of $4,127,760.00. Following the completion of the sale, the executive vice president now directly owns 243,938 shares of the company’s stock, valued at approximately $5,993,556.66. This trade represents a 40.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 12.50% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on LTH. Wells Fargo & Company boosted their price target on Life Time Group from $21.00 to $25.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th. Northland Securities boosted their target price on Life Time Group from $28.50 to $29.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Evercore ISI started coverage on shares of Life Time Group in a research note on Friday, November 22nd. They issued an “outperform” rating and a $29.00 price target on the stock. Bank of America increased their price objective 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. Finally, Morgan Stanley upped their price target on shares of Life Time Group from $21.00 to $29.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Life Time Group has a consensus rating of “Moderate Buy” and a consensus price target of $27.78.

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.