Nuveen Asset Management LLC Buys 165,625 Shares of Life Time Group Holdings, Inc. (NYSE:LTH)

Nuveen Asset Management LLC raised its stake in Life Time Group Holdings, Inc. (NYSE:LTH) by 17.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,103,883 shares of the company’s stock after acquiring an additional 165,625 shares during the quarter. Nuveen Asset Management LLC’s holdings in Life Time Group were worth $24,418,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Kapitalo Investimentos Ltda bought a new position in Life Time Group in the 4th quarter valued at about $33,000. R Squared Ltd bought a new position in Life Time Group in the 4th quarter valued at about $42,000. Sterling Capital Management LLC raised its holdings in Life Time Group by 892.6% in the 4th quarter. Sterling Capital Management LLC now owns 2,025 shares of the company’s stock valued at $45,000 after acquiring an additional 1,821 shares during the period. Quarry LP grew its position in shares of Life Time Group by 240.4% during the 4th quarter. Quarry LP now owns 2,335 shares of the company’s stock worth $52,000 after purchasing an additional 1,649 shares in the last quarter. Finally, Dnca Finance grew its position in shares of Life Time Group by 11.9% during the 4th quarter. Dnca Finance now owns 3,830 shares of the company’s stock worth $85,000 after purchasing an additional 407 shares in the last quarter. 79.40% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

LTH has been the topic of a number of analyst reports. Northland Securities set a $39.00 target price on shares of Life Time Group and gave the stock a “buy” rating in a research report on Thursday, February 27th. The Goldman Sachs Group increased their target price on shares of Life Time Group from $22.00 to $32.00 and gave the stock a “neutral” rating in a research report on Monday, March 3rd. 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. BMO Capital Markets set a $28.00 target price on shares of Life Time Group and gave the stock a “hold” rating in a research report on Friday, March 14th. Finally, Mizuho increased their target price on shares of Life Time Group from $38.00 to $41.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 5th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $35.92.

Life Time Group Stock Performance

NYSE LTH opened at $28.80 on Friday. The company has a current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $6.32 billion, a price-to-earnings ratio of 41.74, a P/E/G ratio of 0.81 and a beta of 1.86. The firm’s 50 day simple moving average is $30.48 and its 200 day simple moving average is $27.90. Life Time Group Holdings, Inc. has a 1 year low of $15.29 and a 1 year 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 the consensus estimate of $0.27 by $0.12. The business had revenue of $706.04 million for the quarter, compared to analyst estimates of $684.06 million. Life Time Group had a net margin of 5.67% and a return on equity of 6.42%. The firm’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same quarter last year, the business posted $0.15 EPS. As a group, research analysts expect that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current fiscal year.

Insider Activity at Life Time Group

In related news, CEO Bahram Akradi sold 5,000,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $30.13, for a total value of $150,650,000.00. Following the completion of the transaction, the chief executive officer now owns 2,993,849 shares of the company’s stock, valued at $90,204,670.37. This represents a 62.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 8.70% of the stock is 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.