The Manufacturers Life Insurance Company Buys 2,391 Shares of Life Time Group Holdings, Inc. (NYSE:LTH)

The Manufacturers Life Insurance Company boosted its stake in Life Time Group Holdings, Inc. (NYSE:LTH) by 5.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 45,689 shares of the company’s stock after purchasing an additional 2,391 shares during the period. The Manufacturers Life Insurance Company’s holdings in Life Time Group were worth $1,011,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LTH. R Squared Ltd purchased a new position in shares of Life Time Group in the fourth quarter worth $42,000. Sterling Capital Management LLC increased its position in shares of Life Time Group by 892.6% in the fourth quarter. Sterling Capital Management LLC now owns 2,025 shares of the company’s stock valued at $45,000 after acquiring an additional 1,821 shares during the period. Quarry LP increased its position in shares of Life Time Group by 240.4% in the fourth quarter. Quarry LP now owns 2,335 shares of the company’s stock valued at $52,000 after acquiring an additional 1,649 shares during the period. Dnca Finance raised its stake in shares of Life Time Group by 11.9% during the fourth quarter. Dnca Finance now owns 3,830 shares of the company’s stock valued at $85,000 after acquiring an additional 407 shares during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Life Time Group during the fourth quarter worth about $88,000. Institutional investors own 79.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on LTH. The Goldman Sachs Group boosted their price target on Life Time Group from $22.00 to $32.00 and gave the company a “neutral” rating in a report on Monday, March 3rd. Craig Hallum boosted their target price on Life Time Group from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Morgan Stanley upped their target price on Life Time Group from $33.00 to $34.00 and gave the company an “equal weight” rating in a report on Friday, May 9th. Bank of America set a $40.00 price target on shares of Life Time Group and gave the company a “buy” rating in a report on Monday, March 3rd. Finally, Wells Fargo & Company set a $28.00 price objective on shares of Life Time Group and gave the stock a “hold” rating in a report on Thursday, February 27th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Life Time Group has an average rating of “Moderate Buy” and a consensus price target of $35.92.

Insider Buying and Selling at Life Time Group

In other news, CEO Bahram Akradi sold 5,000,000 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $30.13, for a total value of $150,650,000.00. Following the sale, the chief executive officer now directly owns 2,993,849 shares of the company’s stock, valued at approximately $90,204,670.37. This represents a 62.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 8.70% of the company’s stock.

Life Time Group Stock Performance

Shares of Life Time Group stock opened at $29.94 on Wednesday. Life Time Group Holdings, Inc. has a 12 month low of $14.75 and a 12 month high of $34.99. The firm has a market capitalization of $6.40 billion, a P/E ratio of 43.39, a P/E/G ratio of 0.81 and a beta of 1.86. 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 business has a fifty day simple moving average of $30.42 and a two-hundred day simple moving average of $27.63.

Life Time Group (NYSE:LTH) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.12. Life Time Group had a net margin of 5.67% and a return on equity of 6.42%. The company had revenue of $706.04 million during the quarter, compared to analyst estimates of $684.06 million. During the same period last year, the business earned $0.15 EPS. Life Time Group’s quarterly revenue was up 18.3% compared to the same quarter last year. On average, equities analysts forecast that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current fiscal year.

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.