Royce & Associates LP Invests $2 Million in Life Time Group Holdings, Inc. (NYSE:LTH)

Royce & Associates LP bought a new stake in shares of Life Time Group Holdings, Inc. (NYSE:LTH) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 82,000 shares of the company’s stock, valued at approximately $2,002,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Amalgamated Bank lifted its holdings in shares of Life Time Group by 38.2% during the second quarter. Amalgamated Bank now owns 2,036 shares of the company’s stock worth $38,000 after buying an additional 563 shares during the last quarter. Farther Finance Advisors LLC raised its stake 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 valued at $43,000 after purchasing an additional 906 shares during the last quarter. Dnca Finance bought a new stake in Life Time Group in the 2nd quarter valued at $72,000. Blue Trust Inc. grew its position in Life Time Group by 345.5% in the 3rd 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, SG Americas Securities LLC bought a new position in shares of Life Time Group during the 2nd quarter worth about $141,000. Institutional investors and hedge funds own 79.40% of the company’s stock.

Insider Buying and Selling

In other Life Time Group news, CFO Erik Weaver sold 4,662 shares of the stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $25.88, for a total transaction of $120,652.56. Following the sale, the chief financial officer now owns 75,866 shares of the company’s stock, valued at $1,963,412.08. This represents a 5.79 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 12.50% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on LTH. Morgan Stanley increased their target price on shares of 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. Royal Bank of Canada lifted their price objective on Life Time Group from $20.00 to $27.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. Bank of America boosted their price objective on Life Time Group from $29.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, September 6th. The Goldman Sachs Group raised their target price on Life Time Group from $15.00 to $22.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Finally, Northland Securities boosted their price target on shares of Life Time Group from $28.50 to $29.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Life Time Group has a consensus rating of “Moderate Buy” and an average target price of $27.63.

Life Time Group Stock Up 2.3 %

Shares of NYSE LTH opened at $24.57 on Wednesday. The business has a fifty day moving average of $24.43 and a two-hundred day moving average of $21.33. 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 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 PE ratio of 35.61, a PEG ratio of 1.52 and a beta of 1.89.

Life Time Group (NYSE:LTH) last released its quarterly earnings results on Thursday, October 24th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). The firm had revenue of $693.20 million during the quarter, compared to analyst estimates of $684.13 million. Life Time Group had a net margin of 5.67% and a return on equity of 6.42%. Life Time Group’s quarterly revenue was up 18.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.09 earnings per share. As a group, equities research analysts expect that Life Time Group Holdings, Inc. will post 0.56 earnings per share for the current fiscal year.

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.