Charles Schwab Investment Management Inc. Boosts Stock Holdings in Life Time Group Holdings, Inc. (NYSE:LTH)

Charles Schwab Investment Management Inc. increased its holdings in Life Time Group Holdings, Inc. (NYSE:LTH) by 20.5% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 586,841 shares of the company’s stock after purchasing an additional 100,022 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Life Time Group were worth $14,331,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Amalgamated Bank boosted its stake in Life Time Group by 38.2% during 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 during the period. Farther Finance Advisors LLC increased its holdings in shares of Life Time Group by 105.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,762 shares of the company’s stock worth $43,000 after buying an additional 906 shares during the last quarter. Assetmark Inc. raised its position in shares of Life Time Group by 8.5% during the 3rd quarter. Assetmark Inc. now owns 12,022 shares of the company’s stock valued at $294,000 after buying an additional 941 shares in the last quarter. Price T Rowe Associates Inc. MD lifted 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 acquiring an additional 1,866 shares during the last quarter. Finally, GSA Capital Partners LLP increased its position 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 valued at $2,292,000 after purchasing an additional 1,987 shares during the last quarter. 79.40% of the stock is owned by institutional investors.

Life Time Group Stock Down 0.3 %

Shares of Life Time Group stock opened at $24.32 on Monday. The firm has a market cap of $5.03 billion, a price-to-earnings ratio of 35.25, a PEG ratio of 1.58 and a beta of 1.88. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.59 and a quick ratio of 0.46. Life Time Group Holdings, Inc. has a 1 year low of $11.89 and a 1 year high of $27.11. The company has a 50-day moving average of $24.34 and a 200 day moving average of $22.17.

Life Time Group (NYSE:LTH) last announced 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 analysts’ expectations of $684.13 million. During the same quarter in the previous year, the firm posted $0.09 EPS. The firm’s quarterly revenue was up 18.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Life Time Group Holdings, Inc. will post 0.56 earnings per share for the current fiscal year.

Insider Activity

In other Life Time Group news, EVP Parham Javaheri sold 168,000 shares of Life Time Group stock in a transaction that occurred on Friday, November 22nd. The shares were 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 of the company’s stock, valued at approximately $5,993,556.66. The trade was a 40.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Erik Weaver sold 4,662 shares of the 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 transaction, the chief financial officer now directly owns 75,866 shares in the company, valued at approximately $1,963,412.08. This represents a 5.79 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 12.50% of the company’s stock.

Analysts Set New Price Targets

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