Paloma Partners Management Co Acquires New Position in Life Time Group Holdings, Inc. (NYSE:LTH)

Paloma Partners Management Co acquired a new stake in shares of Life Time Group Holdings, Inc. (NYSE:LTH) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 22,977 shares of the company’s stock, valued at approximately $357,000.

A number of other institutional investors have also modified their holdings of LTH. Vanguard Group Inc. grew its position in shares of Life Time Group by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 4,736,200 shares of the company’s stock valued at $72,038,000 after buying an additional 48,885 shares during the last quarter. Daiwa Securities Group Inc. bought a new stake in shares of Life Time Group during the 4th quarter valued at about $213,000. Victory Capital Management Inc. grew its position in Life Time Group by 50.9% in the 4th quarter. Victory Capital Management Inc. now owns 21,518 shares of the company’s stock worth $324,000 after purchasing an additional 7,260 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Life Time Group by 1.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 423,874 shares of the company’s stock worth $6,392,000 after purchasing an additional 5,995 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Life Time Group by 21.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,178,654 shares of the company’s stock worth $47,934,000 after purchasing an additional 558,488 shares during the last quarter. Institutional investors own 79.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Mizuho upped their target price on shares of Life Time Group from $23.00 to $29.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. Northland Securities upped their target price on shares of Life Time Group from $23.00 to $27.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 24th. Wells Fargo & Company decreased their target price on shares of Life Time Group from $16.00 to $15.00 and set an “equal weight” rating for the company in a research report on Thursday, May 2nd. Finally, Craig Hallum assumed coverage on shares of Life Time Group in a research note on Friday, July 19th. They issued a “buy” rating and a $30.00 price target for the company. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Life Time Group presently has an average rating of “Moderate Buy” and an average target price of $22.14.

Life Time Group Price Performance

LTH stock traded down $0.14 on Monday, hitting $20.50. 1,255,455 shares of the company’s stock traded hands, compared to its average volume of 798,197. Life Time Group Holdings, Inc. has a 1-year low of $11.10 and a 1-year high of $21.56. The stock has a market cap of $4.08 billion, a price-to-earnings ratio of 56.94, a P/E/G ratio of 3.67 and a beta of 1.85. The stock has a fifty day moving average of $18.44 and a 200-day moving average of $15.64. The company has a current ratio of 0.43, a quick ratio of 0.31 and a debt-to-equity ratio of 0.86.

Life Time Group (NYSE:LTH) last released its quarterly earnings results on Wednesday, May 1st. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. Life Time Group had a net margin of 3.19% and a return on equity of 4.38%. The business had revenue of $596.72 million for the quarter, compared to analyst estimates of $588.57 million. On average, analysts forecast that Life Time Group Holdings, Inc. will post 0.46 EPS for the current fiscal year.

Insider Activity

In other news, CEO Bahram Akradi purchased 39,000 shares of the business’s stock in a transaction dated Friday, May 31st. The shares were acquired at an average price of $16.76 per share, for a total transaction of $653,640.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,414,613 shares of the company’s stock, valued at $23,708,913.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 12.50% of the stock is owned by company insiders.

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.