Ameriprise Financial Inc. Has $6.13 Million Stake in Life Time Group Holdings, Inc. (NYSE:LTH)

Ameriprise Financial Inc. grew its position in shares of Life Time Group Holdings, Inc. (NYSE:LTH) by 34.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 276,957 shares of the company’s stock after buying an additional 71,074 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.13% of Life Time Group worth $6,126,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in LTH. Barclays PLC lifted its holdings in shares of Life Time Group by 119.0% during the 3rd quarter. Barclays PLC now owns 248,698 shares of the company’s stock valued at $6,073,000 after buying an additional 135,116 shares during the last quarter. Park Avenue Securities LLC acquired a new stake in shares of Life Time Group during the 4th quarter valued at about $542,000. R Squared Ltd acquired a new stake in shares of Life Time Group during the 4th quarter valued at about $42,000. Precision Wealth Strategies LLC acquired a new stake in shares of Life Time Group during the 4th quarter valued at about $387,000. Finally, Burns Matteson Capital Management LLC acquired a new stake in shares of Life Time Group during the 4th quarter valued at about $331,000. 79.40% of the stock is currently owned by institutional investors and hedge funds.

Life Time Group Stock Up 0.6%

Shares of LTH stock opened at $28.96 on Friday. Life Time Group Holdings, Inc. has a 12 month low of $15.29 and a 12 month high of $34.99. The firm has a market cap of $6.35 billion, a PE ratio of 41.97, a price-to-earnings-growth ratio of 0.81 and a beta of 1.86. The stock has a 50 day moving average of $30.46 and a 200-day moving average of $27.94. The company has a quick ratio of 0.46, a current ratio of 0.59 and a debt-to-equity ratio of 0.64.

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

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on LTH. Royal Bank of Canada set a $35.00 target price on Life Time Group and gave the stock a “buy” rating in a report on Thursday, February 27th. Deutsche Bank Aktiengesellschaft set a $36.00 target price on Life Time Group and gave the stock a “buy” rating in a report on Monday, March 3rd. Northland Securities set a $39.00 target price on Life Time Group and gave the stock a “buy” rating in a report on Thursday, February 27th. Guggenheim boosted their target price on Life Time Group from $32.00 to $36.00 and gave the stock a “buy” rating in a report on Friday, February 28th. Finally, Wells Fargo & Company set a $28.00 target price on Life Time Group and gave the stock a “hold” rating in a report on Thursday, February 27th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Life Time Group presently has a consensus rating of “Moderate Buy” and an average target price of $35.92.

Insider Activity at Life Time Group

In related news, CEO Bahram Akradi sold 5,000,000 shares of the company’s 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 completion of the transaction, the chief executive officer now directly owns 2,993,849 shares in the company, valued at approximately $90,204,670.37. This represents a 62.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 8.70% of the stock is currently owned by corporate insiders.

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.