Algert Global LLC Has $4.94 Million Holdings in Life Time Group Holdings, Inc. (NYSE:LTH)

Algert Global LLC increased its position in shares of Life Time Group Holdings, Inc. (NYSE:LTH) by 7.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 202,263 shares of the company’s stock after buying an additional 13,307 shares during the period. Algert Global LLC owned 0.10% of Life Time Group worth $4,939,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LTH. American Century Companies Inc. lifted its stake in Life Time Group by 402.6% in the 2nd quarter. American Century Companies Inc. now owns 104,431 shares of the company’s stock valued at $1,966,000 after purchasing an additional 83,654 shares during the last quarter. Quest Partners LLC acquired a new stake in shares of Life Time Group in the second quarter valued at approximately $549,000. Farther Finance Advisors LLC boosted its stake in shares of Life Time Group by 105.8% during the 3rd 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 period. Point72 Asset Management L.P. increased its holdings in shares of Life Time Group by 24.8% during the 2nd quarter. Point72 Asset Management L.P. now owns 377,624 shares of the company’s stock worth $7,111,000 after acquiring an additional 75,054 shares during the last quarter. Finally, Peregrine Asset Advisers Inc. bought a new stake in Life Time Group in the 2nd quarter valued at $3,134,000. 79.40% of the stock is owned by institutional investors.

Insider Buying and Selling at Life Time Group

In other Life Time Group news, CFO Erik Weaver sold 4,662 shares of the company’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $25.88, for a total value of $120,652.56. Following the sale, the chief financial officer now owns 75,866 shares in the company, valued at approximately $1,963,412.08. The trade was a 5.79 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 12.50% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Morgan Stanley upped 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 report on Wednesday, October 16th. Royal Bank of Canada upped their price target on shares of Life Time Group from $20.00 to $27.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Wells Fargo & Company raised their price objective on shares of Life Time Group from $21.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 16th. Evercore ISI assumed coverage on Life Time Group in a research note on Friday. They set an “outperform” rating and a $29.00 target price on the stock. Finally, Northland Securities boosted their price target 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. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $27.78.

Life Time Group Stock Up 0.7 %

Shares of NYSE LTH opened at $24.55 on Monday. The company has a market cap of $5.08 billion, a price-to-earnings ratio of 35.58, a PEG ratio of 1.57 and a beta of 1.89. 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 Holdings, Inc. has a 12 month low of $11.89 and a 12 month high of $27.11. The stock has a 50-day moving average price of $24.42 and a two-hundred day moving average price of $21.53.

Life Time Group (NYSE:LTH) last issued 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 return on equity of 6.42% and a net margin of 5.67%. The company’s revenue was up 18.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.09 EPS. As a group, analysts forecast that Life Time Group Holdings, Inc. will post 0.56 earnings per share for the current fiscal 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.