Life Time Group Holdings, Inc. $LTH Shares Purchased by Frontier Capital Management Co. LLC

Frontier Capital Management Co. LLC raised its position in Life Time Group Holdings, Inc. (NYSE:LTH) by 19.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,064,552 shares of the company’s stock after purchasing an additional 329,580 shares during the quarter. Frontier Capital Management Co. LLC owned 0.94% of Life Time Group worth $62,618,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cetera Investment Advisers raised its holdings in shares of Life Time Group by 81.2% in the 1st quarter. Cetera Investment Advisers now owns 27,089 shares of the company’s stock valued at $818,000 after buying an additional 12,143 shares during the period. LPL Financial LLC acquired a new position in shares of Life Time Group in the first quarter valued at approximately $2,329,000. PNC Financial Services Group Inc. acquired a new stake in Life Time Group during the 1st quarter worth approximately $230,000. Vanguard Group Inc. boosted its position in Life Time Group by 32.2% in the 1st quarter. Vanguard Group Inc. now owns 9,365,193 shares of the company’s stock valued at $282,829,000 after buying an additional 2,282,007 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Life Time Group by 30.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 787,109 shares of the company’s stock worth $23,771,000 after acquiring an additional 184,738 shares during the period. 79.40% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on LTH. Morgan Stanley cut their price target on Life Time Group from $39.00 to $37.00 and set an “overweight” rating on the stock in a report on Wednesday, November 12th. UBS Group set a $48.00 target price on Life Time Group in a report on Friday, October 17th. Weiss Ratings restated a “hold (c+)” rating on shares of Life Time Group in a research note on Wednesday, October 8th. Finally, Zacks Research raised Life Time Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 11th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $37.00.

Life Time Group Trading Up 0.6%

NYSE:LTH opened at $25.66 on Thursday. The company has a market capitalization of $5.66 billion, a PE ratio of 19.89, a P/E/G ratio of 0.81 and a beta of 1.67. Life Time Group Holdings, Inc. has a 52-week low of $21.49 and a 52-week high of $34.99. The stock’s 50 day moving average price is $25.93 and its 200 day moving average price is $27.63. The company has a quick ratio of 0.55, a current ratio of 0.67 and a debt-to-equity ratio of 0.50.

Life Time Group (NYSE:LTH) last released its quarterly earnings results on Tuesday, November 4th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.34 by $0.07. Life Time Group had a net margin of 9.91% and a return on equity of 9.75%. The firm had revenue of $782.65 million during the quarter, compared to the consensus estimate of $770.93 million. On average, research analysts anticipate that Life Time Group Holdings, Inc. will post 0.74 EPS for the current year.

Insider Transactions at Life Time Group

In other news, EVP Eric J. Buss sold 162,722 shares of the company’s stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $28.04, for a total transaction of $4,562,724.88. Following the completion of the sale, the executive vice president owned 380,683 shares in the company, valued at $10,674,351.32. This represents a 29.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Erik Weaver sold 4,846 shares of Life Time Group stock in a transaction on Monday, October 13th. The shares were sold at an average price of $25.10, for a total transaction of $121,634.60. Following the completion of the transaction, the chief financial officer owned 81,765 shares in the company, valued at approximately $2,052,301.50. This trade represents a 5.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 242,055 shares of company stock worth $6,773,720. Corporate insiders own 8.70% of the company’s stock.

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.