Daiwa Securities Group Inc. Acquires New Position in Life Time Group Holdings, Inc. (NYSE:LTH)

Daiwa Securities Group Inc. acquired a new stake in Life Time Group Holdings, Inc. (NYSE:LTH) during the 4th quarter, Holdings Channel.com reports. The firm acquired 14,150 shares of the company’s stock, valued at approximately $213,000.

Several other large investors have also bought and sold shares of LTH. DekaBank Deutsche Girozentrale acquired a new position in Life Time Group in the third quarter valued at approximately $27,000. Trellus Management Company LLC acquired a new stake in Life Time Group in the third quarter worth $152,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Life Time Group by 62.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,306 shares of the company’s stock worth $172,000 after purchasing an additional 4,330 shares during the period. Assetmark Inc. raised its holdings in Life Time Group by 16.3% in the third quarter. Assetmark Inc. now owns 12,172 shares of the company’s stock worth $185,000 after purchasing an additional 1,702 shares during the period. Finally, Victory Capital Management Inc. acquired a new stake in Life Time Group in the third quarter worth $217,000. 79.40% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Life Time Group

In related news, EVP Ritadhwaja Jebens Singh sold 10,828 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $13.61, for a total value of $147,369.08. Following the completion of the transaction, the executive vice president now owns 201,521 shares of the company’s stock, valued at $2,742,700.81. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, EVP Ritadhwaja Jebens Singh sold 10,828 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $13.61, for a total value of $147,369.08. Following the completion of the transaction, the executive vice president now owns 201,521 shares of the company’s stock, valued at $2,742,700.81. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Erik Weaver sold 5,269 shares of the firm’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $12.77, for a total transaction of $67,285.13. Following the completion of the transaction, the chief financial officer now directly owns 86,967 shares of the company’s stock, valued at approximately $1,110,568.59. The disclosure for this sale can be found here. 12.50% of the stock is owned by insiders.

Wall Street Analyst Weigh In

LTH has been the topic of several analyst reports. Northland Securities initiated coverage on shares of Life Time Group in a report on Tuesday, April 23rd. They issued an “outperform” rating and a $23.00 target price on the stock. Mizuho cut their target price on shares of Life Time Group from $26.00 to $23.00 and set a “buy” rating on the stock in a report on Monday, March 4th. TheStreet upgraded shares of Life Time Group from a “d+” rating to a “c-” rating in a report on Tuesday, January 23rd. Finally, Royal Bank of Canada increased their price objective on shares of Life Time Group from $18.00 to $20.00 and gave the stock an “outperform” rating in a research report on Thursday, February 29th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $20.00.

Life Time Group Stock Up 0.3 %

Shares of LTH stock opened at $14.15 on Friday. The firm has a fifty day moving average of $14.19 and a 200-day moving average of $14.17. The company has a quick ratio of 0.22, a current ratio of 0.31 and a debt-to-equity ratio of 0.82. Life Time Group Holdings, Inc. has a 12-month low of $11.10 and a 12-month high of $22.41. The company has a market capitalization of $2.78 billion, a price-to-earnings ratio of 37.24 and a beta of 1.74.

Life Time Group (NYSE:LTH) last released its earnings results on Wednesday, February 28th. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.10. The business had revenue of $558.80 million during the quarter, compared to the consensus estimate of $555.51 million. Life Time Group had a net margin of 3.43% and a return on equity of 4.17%. The firm’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.07 earnings per share. As a group, equities research analysts predict that Life Time Group Holdings, Inc. will post 0.5 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.