Daiwa Securities Group Inc. Has $356,000 Position in Life Time Group Holdings, Inc. (NYSE:LTH)

Daiwa Securities Group Inc. lessened its holdings in Life Time Group Holdings, Inc. (NYSE:LTH) by 24.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,560 shares of the company’s stock after selling 4,610 shares during the period. Daiwa Securities Group Inc.’s holdings in Life Time Group were worth $356,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in LTH. Farther Finance Advisors LLC boosted its stake in Life Time Group by 105.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,762 shares of the company’s stock valued at $43,000 after buying an additional 906 shares in the last quarter. Amalgamated Bank grew its position in Life Time Group by 38.2% during the 2nd quarter. Amalgamated Bank now owns 2,036 shares of the company’s stock worth $38,000 after acquiring an additional 563 shares during the last quarter. Blue Trust Inc. increased its holdings in Life Time Group by 345.5% during the 3rd quarter. Blue Trust Inc. now owns 2,940 shares of the company’s stock valued at $72,000 after purchasing an additional 2,280 shares in the last quarter. Dnca Finance acquired a new position in Life Time Group in the second quarter worth $72,000. Finally, SG Americas Securities LLC bought a new stake in shares of Life Time Group during the second quarter worth $141,000. 79.40% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Parham Javaheri sold 168,000 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $24.57, for a total transaction of $4,127,760.00. Following the transaction, the executive vice president now directly owns 243,938 shares in the company, valued at approximately $5,993,556.66. The trade was a 40.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Erik Weaver sold 4,662 shares of Life Time Group stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $25.88, for a total transaction of $120,652.56. Following the completion of the transaction, the chief financial officer now directly owns 75,866 shares of the company’s stock, valued at approximately $1,963,412.08. This trade represents a 5.79 % decrease in their position. The disclosure for this sale can be found here. Insiders own 12.50% of the company’s stock.

Wall Street Analysts Forecast Growth

LTH has been the subject of several research reports. Bank of America raised their price objective on shares of Life Time Group from $29.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, September 6th. Wells Fargo & Company boosted 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 started coverage on Life Time Group in a research report on Friday, November 22nd. They issued an “outperform” rating and a $29.00 price objective on the stock. Northland Securities boosted their target price on Life Time Group from $28.50 to $29.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Finally, Morgan Stanley raised their price target on Life Time Group from $21.00 to $29.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Life Time Group has a consensus rating of “Moderate Buy” and a consensus price target of $27.78.

Life Time Group Stock Performance

Shares of LTH stock opened at $24.27 on Monday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.46 and a current ratio of 0.59. Life Time Group Holdings, Inc. has a 52 week low of $11.89 and a 52 week high of $27.11. The company’s 50 day moving average price is $24.39 and its two-hundred day moving average price is $21.87. The company has a market capitalization of $5.02 billion, a P/E ratio of 35.17, a price-to-earnings-growth ratio of 1.56 and a beta of 1.89.

Life Time Group (NYSE:LTH) last released its earnings results on Thursday, October 24th. The company reported $0.19 earnings per share (EPS) 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%. Life Time Group’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same quarter last year, the company posted $0.09 EPS. On average, analysts expect 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.