Intech Investment Management LLC Acquires New Position in Life Time Group Holdings, Inc. (NYSE:LTH)

Intech Investment Management LLC bought a new position in shares of Life Time Group Holdings, Inc. (NYSE:LTH) in the 3rd quarter, HoldingsChannel reports. The fund bought 14,603 shares of the company’s stock, valued at approximately $357,000.

Several other hedge funds also recently bought and sold shares of LTH. Amalgamated Bank raised its holdings in 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 acquiring an additional 563 shares in the last quarter. Farther Finance Advisors LLC grew its position in shares of Life Time Group by 105.8% during the third quarter. Farther Finance Advisors LLC now owns 1,762 shares of the company’s stock worth $43,000 after acquiring an additional 906 shares during the last quarter. Assetmark Inc. grew its position in shares of Life Time Group by 8.5% during the third quarter. Assetmark Inc. now owns 12,022 shares of the company’s stock worth $294,000 after acquiring an additional 941 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Life Time Group by 17.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 12,769 shares of the company’s stock worth $199,000 after acquiring an additional 1,866 shares during the last quarter. Finally, GSA Capital Partners LLP grew its position in shares of Life Time Group by 2.2% during the third quarter. GSA Capital Partners LLP now owns 93,872 shares of the company’s stock worth $2,292,000 after acquiring an additional 1,987 shares during the last quarter. Hedge funds and other institutional investors own 79.40% of the company’s stock.

Life Time Group Trading Up 0.7 %

NYSE:LTH opened at $24.13 on Wednesday. The company has a market capitalization of $4.99 billion, a PE ratio of 34.96, a price-to-earnings-growth ratio of 1.54 and a beta of 1.88. The company has a quick ratio of 0.46, a current ratio of 0.59 and a debt-to-equity ratio of 0.64. 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 fifty day simple moving average of $24.35 and a 200-day simple moving average of $21.99.

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

Insider Activity at Life Time Group

In other Life Time Group news, EVP Parham Javaheri sold 168,000 shares of Life Time Group stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $24.57, for a total value of $4,127,760.00. Following the completion of the sale, the executive vice president now owns 243,938 shares in the company, valued at $5,993,556.66. The trade was a 40.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Erik Weaver sold 4,662 shares of Life Time Group stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $25.88, for a total value of $120,652.56. Following the completion of the sale, the chief financial officer now owns 75,866 shares of the company’s stock, valued at $1,963,412.08. This trade represents a 5.79 % decrease in their position. The disclosure for this sale can be found here. 12.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

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

Life Time Group Company 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.