Benjamin Edwards Inc. Takes Position in Life Time Group Holdings, Inc. (NYSE:LTH)

Benjamin Edwards Inc. bought a new position in shares of Life Time Group Holdings, Inc. (NYSE:LTH) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 13,813 shares of the company’s stock, valued at approximately $305,000.

Several other hedge funds have also recently bought and sold shares of LTH. BNP Paribas Financial Markets acquired a new stake in shares of Life Time Group in the fourth quarter worth $6,330,000. Ameriprise Financial Inc. increased its holdings in Life Time Group by 34.5% in the 4th quarter. Ameriprise Financial Inc. now owns 276,957 shares of the company’s stock valued at $6,126,000 after purchasing an additional 71,074 shares in the last quarter. Algert Global LLC raised its position in Life Time Group by 79.9% in the fourth quarter. Algert Global LLC now owns 363,895 shares of the company’s stock valued at $8,049,000 after purchasing an additional 161,632 shares during the period. Aristeia Capital L.L.C. acquired a new position in shares of Life Time Group during the fourth quarter worth about $697,000. Finally, Manatuck Hill Partners LLC boosted its position in shares of Life Time Group by 24.0% in the fourth quarter. Manatuck Hill Partners LLC now owns 160,000 shares of the company’s stock worth $3,539,000 after buying an additional 31,000 shares during the period. Hedge funds and other institutional investors own 79.40% of the company’s stock.

Life Time Group Stock Performance

LTH stock opened at $28.64 on Friday. The firm has a market cap of $6.13 billion, a P/E ratio of 41.51, a P/E/G ratio of 0.81 and a beta of 1.86. The stock’s 50 day simple moving average is $30.48 and its 200 day simple moving average is $27.54. 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 Holdings, Inc. has a 12-month low of $14.56 and a 12-month high of $34.99.

Life Time Group (NYSE:LTH) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.12. Life Time Group had a net margin of 5.67% and a return on equity of 6.42%. The company had revenue of $706.04 million for the quarter, compared to the consensus estimate of $684.06 million. During the same period last year, the firm posted $0.15 EPS. The company’s revenue for the quarter was up 18.3% on a year-over-year basis. As a group, equities research analysts predict that Life Time Group Holdings, Inc. will post 0.74 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Royal Bank of Canada set a $35.00 target price on Life Time Group and gave the company a “buy” rating in a report on Thursday, February 27th. Deutsche Bank Aktiengesellschaft set a $36.00 target price on shares of Life Time Group and gave the stock a “buy” rating in a research report on Monday, March 3rd. Wells Fargo & Company set a $28.00 price target on shares of Life Time Group and gave the company a “hold” rating in a report on Thursday, February 27th. Mizuho boosted their price objective on shares of Life Time Group from $38.00 to $41.00 and gave the stock an “outperform” rating in a report on Wednesday, March 5th. Finally, Craig Hallum raised their target price on Life Time Group from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $35.92.

Insider Buying and Selling at Life Time Group

In related news, CEO Bahram Akradi sold 5,000,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $30.13, for a total value of $150,650,000.00. Following the sale, the chief executive officer now owns 2,993,849 shares of the company’s stock, valued at approximately $90,204,670.37. This trade represents a 62.55 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 8.70% of the stock is currently owned by insiders.

Life Time Group Company 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.