Alpha DNA Investment Management LLC Makes New $473,000 Investment in Life Time Group Holdings, Inc. (NYSE:LTH)

Alpha DNA Investment Management LLC purchased a new stake in Life Time Group Holdings, Inc. (NYSE:LTH) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 19,376 shares of the company’s stock, valued at approximately $473,000.

A number of other hedge funds also recently modified their holdings of the stock. Amalgamated Bank raised its position 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 valued at $38,000 after buying an additional 563 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of 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 acquiring an additional 906 shares during the period. Dnca Finance acquired a new stake in shares of Life Time Group during the 2nd quarter worth $72,000. Blue Trust Inc. grew its holdings in shares of Life Time Group by 345.5% during 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 in the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Life Time Group in the second quarter worth $141,000. Institutional investors and hedge funds own 79.40% of the company’s stock.

Insider Buying and Selling at Life Time Group

In other news, CFO Erik Weaver sold 4,662 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $25.88, for a total value of $120,652.56. Following the completion of the transaction, the chief financial officer now directly owns 75,866 shares of the company’s stock, valued at $1,963,412.08. This trade represents a 5.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 12.50% of the company’s stock.

Life Time Group Price Performance

Shares of NYSE LTH opened at $24.55 on Monday. The stock has a market cap of $5.08 billion, a price-to-earnings ratio of 35.58, a PEG ratio of 1.58 and a beta of 1.89. Life Time Group Holdings, Inc. has a fifty-two week low of $11.89 and a fifty-two week high of $27.11. The firm’s 50-day simple moving average is $24.42 and its 200 day simple moving average is $21.53. 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 issued 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). Life Time Group had a net margin of 5.67% and a return on equity of 6.42%. The business had revenue of $693.20 million for the quarter, compared to analysts’ expectations of $684.13 million. During the same period in the previous year, the business posted $0.09 earnings per share. The business’s revenue was up 18.5% compared to the same quarter last year. As a group, research analysts anticipate that Life Time Group Holdings, Inc. will post 0.56 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on LTH shares. Morgan Stanley upped their price objective on shares of Life Time Group from $21.00 to $29.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 16th. Royal Bank of Canada upped their price target on shares of Life Time Group from $20.00 to $27.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. The Goldman Sachs Group raised their price objective on Life Time Group from $15.00 to $22.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Wells Fargo & Company upped their target price on Life Time Group from $21.00 to $25.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th. Finally, Bank of America lifted their price target on Life Time Group from $29.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, September 6th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $27.78.

About Life Time Group

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.