25,200 Shares in Life Time Group Holdings, Inc. (NYSE:LTH) Bought by Bellevue Group AG

Bellevue Group AG purchased a new position in Life Time Group Holdings, Inc. (NYSE:LTH) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 25,200 shares of the company’s stock, valued at approximately $380,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale purchased a new stake in Life Time Group in the 3rd quarter worth $27,000. Daiwa Securities Group Inc. purchased a new stake in Life Time Group in the 4th quarter worth $213,000. Victory Capital Management Inc. purchased a new stake in Life Time Group in the 3rd quarter worth $217,000. Assetmark Inc. increased its holdings in Life Time Group by 17.5% in the 4th quarter. Assetmark Inc. now owns 14,305 shares of the company’s stock worth $216,000 after acquiring an additional 2,133 shares in the last quarter. Finally, Aigen Investment Management LP purchased a new stake in Life Time Group in the 3rd quarter worth $232,000. Hedge funds and other institutional investors own 79.40% of the company’s stock.

Insider Activity at Life Time Group

In related news, CEO Bahram Akradi bought 39,000 shares of the firm’s stock in a transaction on Friday, May 31st. The shares were bought at an average price of $16.76 per share, with a total value of $653,640.00. Following the completion of the transaction, the chief executive officer now directly owns 1,414,613 shares of the company’s stock, valued at approximately $23,708,913.88. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 12.50% of the stock is currently owned by insiders.

Life Time Group Trading Down 0.3 %

Shares of LTH opened at $17.58 on Tuesday. 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 Holdings, Inc. has a 12-month low of $11.10 and a 12-month high of $22.41. The firm has a 50-day moving average price of $15.17 and a 200 day moving average price of $14.57. The firm has a market capitalization of $3.50 billion, a P/E ratio of 49.00, a P/E/G ratio of 3.12 and a beta of 1.84.

Life Time Group (NYSE:LTH) last announced its quarterly earnings data 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 firm had revenue of $596.72 million during the quarter, compared to analyst estimates of $588.57 million. Sell-side analysts forecast that Life Time Group Holdings, Inc. will post 0.46 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Royal Bank of Canada upped their target price on shares of Life Time Group from $18.00 to $20.00 and gave the stock an “outperform” rating in a report on Thursday, February 29th. 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 report on Monday, May 6th. Wells Fargo & Company dropped 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 report on Thursday, May 2nd. Finally, Northland Securities assumed coverage on shares of Life Time Group in a report on Tuesday, April 23rd. They set an “outperform” rating and a $23.00 target price for the company. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Life Time Group currently has an average rating of “Moderate Buy” and a consensus target price of $20.57.

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.