Natixis Advisors LLC Takes Position in Life Time Group Holdings, Inc. (NYSE:LTH)

Natixis Advisors LLC acquired a new stake in shares of Life Time Group Holdings, Inc. (NYSE:LTH) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 34,343 shares of the company’s stock, valued at approximately $839,000.

Several other institutional investors and hedge funds have also recently modified their holdings of LTH. Dimensional Fund Advisors LP raised its position in shares of Life Time Group by 19.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,658,902 shares of the company’s stock valued at $87,728,000 after purchasing an additional 770,766 shares during the period. Hood River Capital Management LLC grew its stake in Life Time Group by 44.0% during the second quarter. Hood River Capital Management LLC now owns 1,811,841 shares of the company’s stock valued at $34,117,000 after acquiring an additional 553,881 shares in the last quarter. Millennium Management LLC grew its stake in Life Time Group by 66.7% during the second quarter. Millennium Management LLC now owns 1,076,386 shares of the company’s stock valued at $20,268,000 after acquiring an additional 430,779 shares in the last quarter. Braun Stacey Associates Inc. purchased a new position in Life Time Group during the second quarter valued at $7,486,000. Finally, Seven Grand Managers LLC purchased a new position in Life Time Group during the third quarter valued at $4,884,000. 79.40% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CFO Erik Weaver sold 4,662 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $25.88, for a total transaction of $120,652.56. Following the completion of the sale, the chief financial officer now directly owns 75,866 shares of the company’s stock, valued at approximately $1,963,412.08. This trade represents a 5.79 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Parham Javaheri sold 168,000 shares of the company’s stock in a transaction 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 transaction, the executive vice president now directly owns 243,938 shares in the company, valued at $5,993,556.66. This trade represents a 40.78 % 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

Several research firms recently weighed in on LTH. Northland Securities raised their target price on shares of Life Time Group from $28.50 to $29.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Wells Fargo & Company raised their target price on shares of Life Time Group from $21.00 to $25.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 16th. Evercore ISI began coverage on shares of Life Time Group in a research note on Friday, November 22nd. They set an “outperform” rating and a $29.00 target price for the company. The Goldman Sachs Group raised their target price on shares of Life Time Group from $15.00 to $22.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Finally, Bank of America raised their target price on shares of 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 issued a buy rating to the company. Based on data from MarketBeat.com, Life Time Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.78.

Life Time Group Stock Performance

NYSE:LTH opened at $24.06 on Thursday. The firm has a market capitalization of $4.98 billion, a PE ratio of 34.87, a PEG ratio of 1.59 and a beta of 1.89. The stock’s fifty day moving average is $24.42 and its 200 day moving average is $21.69. Life Time Group Holdings, Inc. has a fifty-two week low of $11.89 and a fifty-two week high of $27.11. 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 posted its quarterly earnings data on Thursday, October 24th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). The firm had revenue of $693.20 million for the quarter, compared to the consensus estimate of $684.13 million. Life Time Group had a net margin of 5.67% and a return on equity of 6.42%. The company’s revenue was up 18.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.09 EPS. On average, sell-side analysts anticipate that Life Time Group Holdings, Inc. will post 0.56 earnings per share for the current year.

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.