Capstone Investment Advisors LLC Grows Position in Life Time Group Holdings, Inc. (NYSE:LTH)

Capstone Investment Advisors LLC boosted its position in Life Time Group Holdings, Inc. (NYSE:LTHFree Report) by 52.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,679 shares of the company’s stock after purchasing an additional 8,098 shares during the quarter. Capstone Investment Advisors LLC’s holdings in Life Time Group were worth $367,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in LTH. Daiwa Securities Group Inc. bought a new position in shares of Life Time Group during the fourth quarter valued at approximately $213,000. Assetmark Inc. raised its stake in Life Time Group by 17.5% during the fourth quarter. Assetmark Inc. now owns 14,305 shares of the company’s stock valued at $216,000 after buying an additional 2,133 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Life Time Group in the fourth quarter worth $236,000. Victory Capital Management Inc. grew its stake in shares of Life Time Group by 50.9% in the fourth quarter. Victory Capital Management Inc. now owns 21,518 shares of the company’s stock worth $324,000 after acquiring an additional 7,260 shares during the last quarter. Finally, Bellevue Group AG purchased a new stake in shares of Life Time Group in the fourth quarter worth $380,000. Hedge funds and other institutional investors own 79.40% of the company’s stock.

Wall Street Analysts Forecast Growth

LTH has been the topic of a number of analyst reports. Wells Fargo & Company dropped their price target on shares of Life Time Group from $16.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 2nd. Northland Securities began coverage on shares of Life Time Group in a research report on Tuesday, April 23rd. They set an “outperform” rating and a $23.00 price target for the company. Finally, Mizuho boosted their price objective on shares of Life Time Group from $23.00 to $29.00 and gave the stock a “buy” rating in a report on Monday, May 6th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.57.

View Our Latest Analysis on LTH

Insider Buying and Selling

In related news, CEO Bahram Akradi purchased 39,000 shares of the business’s stock in a transaction on Friday, May 31st. The stock was acquired at an average price of $16.76 per share, with a total value of $653,640.00. Following the completion of the acquisition, the chief executive officer now owns 1,414,613 shares of the company’s stock, valued at approximately $23,708,913.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 12.50% of the stock is owned by insiders.

Life Time Group Trading Up 1.0 %

Life Time Group stock opened at $18.98 on Tuesday. Life Time Group Holdings, Inc. has a 52-week low of $11.10 and a 52-week high of $22.41. The company has a market cap of $3.77 billion, a P/E ratio of 52.72, a P/E/G ratio of 3.35 and a beta of 1.86. The company has a quick ratio of 0.31, a current ratio of 0.43 and a debt-to-equity ratio of 0.86. The business has a 50-day simple moving average of $16.78 and a two-hundred day simple moving average of $15.06.

Life Time Group (NYSE:LTHGet Free Report) last announced its earnings results on Wednesday, May 1st. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.02. The company had revenue of $596.72 million during the quarter, compared to analyst estimates of $588.57 million. Life Time Group had a net margin of 3.19% and a return on equity of 4.38%. Analysts predict that Life Time Group Holdings, Inc. will post 0.46 EPS for the current year.

About Life Time Group

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Life Time Group (NYSE:LTH)

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