UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $2.45 Million Stock Position in Life Time Group Holdings, Inc. (NYSE:LTH)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its holdings in Life Time Group Holdings, Inc. (NYSE:LTH) by 5.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 100,212 shares of the company’s stock after selling 5,785 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Life Time Group were worth $2,447,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Amalgamated Bank grew its stake in shares of Life Time Group by 38.2% in the second 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 boosted 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 purchasing an additional 906 shares during the period. Assetmark Inc. grew its position in Life Time Group by 8.5% in the 3rd quarter. Assetmark Inc. now owns 12,022 shares of the company’s stock worth $294,000 after purchasing an additional 941 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Life Time Group by 17.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,769 shares of the company’s stock worth $199,000 after purchasing an additional 1,866 shares during the period. Finally, GSA Capital Partners LLP increased its holdings in shares of Life Time Group by 2.2% during the 3rd quarter. GSA Capital Partners LLP now owns 93,872 shares of the company’s stock worth $2,292,000 after purchasing an additional 1,987 shares during the period. 79.40% of the stock is currently owned by institutional investors and hedge funds.

Life Time Group Price Performance

Life Time Group stock opened at $22.75 on Friday. The business has a 50 day simple moving average of $24.24 and a 200 day simple moving average of $22.38. 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 company has a market capitalization of $4.71 billion, a PE ratio of 32.97, a price-to-earnings-growth ratio of 1.49 and a beta of 1.88. Life Time Group Holdings, Inc. has a one year low of $11.89 and a one year high of $27.11.

Life Time Group (NYSE:LTH) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). Life Time Group had a net margin of 5.67% and a return on equity of 6.42%. The company had revenue of $693.20 million for the quarter, compared to the consensus estimate of $684.13 million. During the same period in the previous year, the business posted $0.09 earnings per share. The firm’s revenue was up 18.5% compared to the same quarter last year. On average, sell-side analysts forecast that Life Time Group Holdings, Inc. will post 0.56 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Northland Securities increased their target price on shares of Life Time Group from $28.50 to $29.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Bank of America raised their price objective on Life Time Group from $29.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, September 6th. Morgan Stanley lifted their price objective on Life Time Group from $21.00 to $29.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th. Evercore ISI initiated coverage on Life Time Group in a research note on Friday, November 22nd. They issued an “outperform” rating and a $29.00 target price for the company. Finally, Wells Fargo & Company raised their target price on Life Time Group from $21.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 16th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Life Time Group has a consensus rating of “Moderate Buy” and a consensus price target of $27.78.

Insider Activity at Life Time Group

In related news, EVP Parham Javaheri sold 168,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $24.57, for a total transaction of $4,127,760.00. Following the sale, the executive vice president now directly owns 243,938 shares in the company, valued at $5,993,556.66. This represents a 40.78 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Erik Weaver sold 4,662 shares of the firm’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $25.88, for a total value of $120,652.56. Following the sale, the chief financial officer now directly owns 75,866 shares of the company’s stock, valued at $1,963,412.08. This 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 insiders.

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.