Assetmark Inc. Boosts Stock Holdings in Life Time Group Holdings, Inc. (NYSE:LTH)

Assetmark Inc. lifted its position in shares of Life Time Group Holdings, Inc. (NYSE:LTH) by 8.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,022 shares of the company’s stock after acquiring an additional 941 shares during the period. Assetmark Inc.’s holdings in Life Time Group were worth $294,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the company. Entropy Technologies LP purchased a new stake in Life Time Group during the 1st quarter valued at $198,000. Vanguard Group Inc. boosted its position in shares of Life Time Group by 1.2% during the first quarter. Vanguard Group Inc. now owns 6,479,496 shares of the company’s stock valued at $100,562,000 after buying an additional 78,290 shares during the last quarter. Hood River Capital Management LLC boosted its position in shares of Life Time Group by 3,657.9% during the first quarter. Hood River Capital Management LLC now owns 1,257,960 shares of the company’s stock valued at $19,524,000 after buying an additional 1,224,485 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Life Time Group by 17.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,769 shares of the company’s stock worth $199,000 after buying an additional 1,866 shares in the last quarter. Finally, Paloma Partners Management Co purchased a new position in Life Time Group in the 1st quarter worth about $357,000. 79.40% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Wells Fargo & Company raised their price target on shares of Life Time Group from $21.00 to $25.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. The Goldman Sachs Group raised their target price on shares of Life Time Group from $15.00 to $22.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Morgan Stanley lifted their target price on shares of Life Time Group from $21.00 to $29.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 16th. Royal Bank of Canada increased their price target on Life Time Group from $20.00 to $27.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. Finally, Northland Securities raised their price target on Life Time Group from $28.50 to $29.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $27.63.

Life Time Group Stock Down 0.5 %

LTH opened at $23.71 on Friday. The firm’s 50 day simple moving average is $24.40 and its two-hundred day simple moving average is $21.08. The company has a market capitalization of $4.91 billion, a PE ratio of 34.36, a PEG ratio of 1.55 and a beta of 1.89. 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 current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 0.64.

Life Time Group (NYSE:LTH) last announced its earnings results on Thursday, October 24th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $693.20 million during the quarter, compared to the consensus estimate of $684.13 million. During the same period in the prior year, the business posted $0.09 earnings per share. Life Time Group’s revenue for the quarter was up 18.5% compared to the same quarter last year. As a group, equities analysts forecast that Life Time Group Holdings, Inc. will post 0.56 EPS for the current year.

Insider Transactions at Life Time Group

In other news, CFO Erik Weaver sold 4,662 shares of the stock in a transaction on 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 directly owns 75,866 shares of the company’s stock, valued at $1,963,412.08. This represents a 5.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 12.50% of the company’s stock.

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.