82,000 Shares in Life Time Group Holdings, Inc. (NYSE:LTH) Acquired by Royce & Associates LP

Royce & Associates LP purchased a new stake in Life Time Group Holdings, Inc. (NYSE:LTH) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 82,000 shares of the company’s stock, valued at approximately $2,002,000.

Several other institutional investors also recently modified their holdings of LTH. Amalgamated Bank grew its holdings in shares of Life Time Group by 38.2% in the 2nd quarter. Amalgamated Bank now owns 2,036 shares of the company’s stock worth $38,000 after acquiring an additional 563 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in 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 buying an additional 906 shares during the period. Assetmark Inc. raised its holdings in 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 buying an additional 941 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in 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 valued at $199,000 after buying an additional 1,866 shares in the last quarter. Finally, GSA Capital Partners LLP boosted its holdings in shares of Life Time Group by 2.2% in the third quarter. GSA Capital Partners LLP now owns 93,872 shares of the company’s stock worth $2,292,000 after buying an additional 1,987 shares during the period. Institutional investors own 79.40% of the company’s stock.

Insider Buying and Selling at Life Time Group

In other Life Time Group news, CFO Erik Weaver sold 4,662 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer now owns 75,866 shares in the company, valued at $1,963,412.08. This trade represents a 5.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 12.50% of the company’s stock.

Life Time Group Trading Up 2.3 %

Shares of NYSE LTH opened at $24.57 on Wednesday. The business has a 50 day simple moving average of $24.43 and a 200 day simple moving average of $21.33. Life Time Group Holdings, Inc. has a 52 week low of $11.89 and a 52 week high of $27.11. The stock has a market cap of $5.09 billion, a price-to-earnings ratio of 35.61, a PEG ratio of 1.52 and a beta of 1.89. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.46 and a current ratio of 0.59.

Life Time Group (NYSE:LTH) last posted its earnings results on Thursday, October 24th. The company reported $0.19 EPS for the quarter, missing the consensus estimate 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 business’s revenue was up 18.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.09 earnings per share. On average, research analysts predict that Life Time Group Holdings, Inc. will post 0.56 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on LTH. Northland Securities upped their price target on shares of Life Time Group from $28.50 to $29.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Bank of America increased their target price on Life Time Group from $29.00 to $30.00 and gave the company a “buy” rating in a report on Friday, September 6th. Royal Bank of Canada lifted their price target on Life Time Group from $20.00 to $27.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. The Goldman Sachs Group increased their price objective on 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, 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 note on Wednesday, October 16th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $27.63.

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.