FORA Capital LLC Invests $840,000 in Life Time Group Holdings, Inc. (NYSE:LTH)

FORA Capital LLC purchased a new position in Life Time Group Holdings, Inc. (NYSE:LTH) during the third quarter, Holdings Channel.com reports. The fund purchased 34,381 shares of the company’s stock, valued at approximately $840,000.

Other institutional investors have also bought and sold shares of the company. American Century Companies Inc. raised its stake in shares of Life Time Group by 402.6% in the second quarter. American Century Companies Inc. now owns 104,431 shares of the company’s stock valued at $1,966,000 after buying an additional 83,654 shares during the period. Quest Partners LLC purchased a new position in Life Time Group during the second quarter valued at approximately $549,000. Farther Finance Advisors LLC grew its position 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 valued at $43,000 after purchasing an additional 906 shares in the last quarter. Point72 Asset Management L.P. increased its holdings in shares of Life Time Group by 24.8% in the second quarter. Point72 Asset Management L.P. now owns 377,624 shares of the company’s stock worth $7,111,000 after purchasing an additional 75,054 shares during the period. Finally, Peregrine Asset Advisers Inc. bought a new stake in Life Time Group during the second quarter valued at $3,134,000. Hedge funds and other institutional investors own 79.40% of the company’s stock.

Analyst Ratings Changes

LTH has been the subject of a number of research analyst reports. Bank of America lifted their price target on Life Time Group from $29.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, September 6th. Northland Securities boosted their price target on shares of Life Time Group from $28.50 to $29.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Morgan Stanley raised 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 research report on Wednesday, October 16th. The Goldman Sachs Group upped their target price on shares of Life Time Group from $15.00 to $22.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Finally, Evercore ISI assumed coverage on Life Time Group in a research report on Friday, November 22nd. They set an “outperform” rating and a $29.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $27.78.

Insider Buying and Selling

In related news, CFO Erik Weaver sold 4,662 shares of the firm’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 directly owns 75,866 shares of the company’s stock, valued at $1,963,412.08. This trade represents a 5.79 % 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, EVP Parham Javaheri sold 168,000 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president now owns 243,938 shares in the company, valued at approximately $5,993,556.66. This represents a 40.78 % decrease in their position. The disclosure for this sale can be found here. 12.50% of the stock is owned by insiders.

Life Time Group Stock Down 2.3 %

Shares of NYSE:LTH opened at $24.06 on Friday. Life Time Group Holdings, Inc. has a 12-month low of $11.89 and a 12-month 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. The stock’s 50-day moving average price is $24.40 and its 200-day moving average price is $21.71. The stock has a market capitalization of $4.98 billion, a P/E ratio of 34.87, a price-to-earnings-growth ratio of 1.55 and a beta of 1.89.

Life Time Group (NYSE:LTH) last announced its quarterly 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). The company had revenue of $693.20 million during the quarter, compared to analysts’ expectations of $684.13 million. Life Time Group had a return on equity of 6.42% and a net margin of 5.67%. Life Time Group’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same period last year, the firm earned $0.09 earnings per share. On average, equities 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.