JPMorgan Chase & Co. Grows Stock Holdings in Life Time Group Holdings, Inc. (NYSE:LTH)

JPMorgan Chase & Co. grew its stake in Life Time Group Holdings, Inc. (NYSE:LTH) by 11.1% in the third quarter, Holdings Channel.com reports. The firm owned 3,569,214 shares of the company’s stock after acquiring an additional 356,255 shares during the quarter. JPMorgan Chase & Co.’s holdings in Life Time Group were worth $87,160,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC grew 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 buying an additional 906 shares in the last quarter. Amalgamated Bank boosted its position in shares of Life Time Group by 38.2% during the 2nd quarter. Amalgamated Bank now owns 2,036 shares of the company’s stock valued at $38,000 after acquiring an additional 563 shares during the last quarter. Point72 Hong Kong Ltd purchased a new stake in shares of Life Time Group in the third quarter valued at about $60,000. Blue Trust Inc. increased its position in Life Time Group by 345.5% during the third quarter. Blue Trust Inc. now owns 2,940 shares of the company’s stock worth $72,000 after purchasing an additional 2,280 shares during the last quarter. Finally, FMR LLC raised its stake in Life Time Group by 268.2% during the third quarter. FMR LLC now owns 5,011 shares of the company’s stock worth $122,000 after purchasing an additional 3,650 shares during the period. Institutional investors and hedge funds own 79.40% of the company’s stock.

Insider Activity at Life Time Group

In other Life Time Group news, EVP Parham Javaheri sold 168,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $24.57, for a total value of $4,127,760.00. Following 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 represents a 40.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Erik Weaver sold 4,662 shares of Life Time Group stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $25.88, for a total transaction of $120,652.56. Following the sale, the chief financial officer now directly owns 75,866 shares of the company’s stock, valued at approximately $1,963,412.08. This trade represents a 5.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.50% of the stock is currently owned by company insiders.

Life Time Group Stock Up 1.2 %

Shares of NYSE:LTH opened at $22.39 on Friday. The firm has a market capitalization of $4.63 billion, a PE ratio of 32.45, a price-to-earnings-growth ratio of 1.46 and a beta of 1.88. Life Time Group Holdings, Inc. has a 1 year low of $11.89 and a 1 year high of $27.11. 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 firm’s 50-day moving average is $23.40 and its two-hundred day moving average is $22.83.

Life Time Group (NYSE:LTH) last announced its earnings results on Thursday, October 24th. The company reported $0.19 earnings per share 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 business had revenue of $693.20 million for the quarter, compared to analysts’ expectations of $684.13 million. During the same period in the previous year, the company earned $0.09 earnings per share. Life Time Group’s quarterly revenue was up 18.5% on a year-over-year basis. Analysts predict that Life Time Group Holdings, Inc. will post 0.56 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.