Fmr LLC Purchases 3,650 Shares of Life Time Group Holdings, Inc. (NYSE:LTH)

Fmr LLC increased its position in shares of Life Time Group Holdings, Inc. (NYSE:LTH) by 268.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 5,011 shares of the company’s stock after purchasing an additional 3,650 shares during the quarter. Fmr LLC’s holdings in Life Time Group were worth $122,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in LTH. American Century Companies Inc. lifted its holdings in shares of Life Time Group by 402.6% during the 2nd quarter. American Century Companies Inc. now owns 104,431 shares of the company’s stock valued at $1,966,000 after purchasing an additional 83,654 shares in the last quarter. Quest Partners LLC acquired a new stake in shares of Life Time Group in the second quarter valued at approximately $549,000. Farther Finance Advisors LLC raised its holdings in Life Time Group by 105.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,762 shares of the company’s stock valued at $43,000 after acquiring an additional 906 shares during the period. Point72 Asset Management L.P. grew its holdings in Life Time Group by 24.8% in the 2nd quarter. Point72 Asset Management L.P. now owns 377,624 shares of the company’s stock valued at $7,111,000 after buying an additional 75,054 shares in the last quarter. Finally, Peregrine Asset Advisers Inc. acquired a new position in shares of Life Time Group during the 2nd quarter worth approximately $3,134,000. Institutional investors own 79.40% of the company’s stock.

Insider Activity

In other Life Time Group news, CFO Erik Weaver sold 4,662 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were 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 of the company’s stock, valued at $1,963,412.08. The trade was a 5.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Parham Javaheri sold 168,000 shares of the company’s 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 sale, the executive vice president now owns 243,938 shares of the company’s stock, valued at $5,993,556.66. This represents a 40.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 12.50% of the company’s stock.

Analyst Upgrades and Downgrades

LTH has been the subject of a number of recent analyst reports. Wells Fargo & Company upped their price target on shares of Life Time Group from $25.00 to $26.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 17th. Evercore ISI began coverage on shares of Life Time Group in a research report on Friday, November 22nd. They set an “outperform” rating and a $29.00 target price for the company. Morgan Stanley boosted their price target on Life Time Group from $21.00 to $29.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 16th. Bank of America upped their price target on Life Time Group from $29.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. Finally, Northland Securities upped their target price on shares of Life Time Group from $28.50 to $29.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Life Time Group presently has a consensus rating of “Moderate Buy” and an average target price of $27.89.

Life Time Group Price Performance

Life Time Group stock opened at $22.31 on Monday. Life Time Group Holdings, Inc. has a 12 month low of $11.89 and a 12 month high of $27.11. The business’s 50 day simple moving average is $24.00 and its 200 day simple moving average is $22.59. The company has a market cap of $4.62 billion, a price-to-earnings ratio of 32.33, a PEG ratio of 1.49 and a beta of 1.88. 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 (NYSE:LTH) last released its quarterly earnings data 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). Life Time Group had a net margin of 5.67% and a return on equity of 6.42%. The business had revenue of $693.20 million during the quarter, compared to analysts’ expectations of $684.13 million. During the same quarter in the prior year, the firm posted $0.09 earnings per share. The firm’s quarterly revenue was up 18.5% on a year-over-year basis. Sell-side analysts forecast that Life Time Group Holdings, Inc. will post 0.56 EPS for the current year.

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.