Paloma Partners Management Co Buys Shares of 22,977 Life Time Group Holdings, Inc. (NYSE:LTH)

Paloma Partners Management Co purchased a new stake in Life Time Group Holdings, Inc. (NYSE:LTH) in the 1st quarter, HoldingsChannel.com reports. The fund purchased 22,977 shares of the company’s stock, valued at approximately $357,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of Life Time Group by 1.2% in the first quarter. Vanguard Group Inc. now owns 6,479,496 shares of the company’s stock valued at $100,562,000 after purchasing an additional 78,290 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Life Time Group by 21.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,178,654 shares of the company’s stock worth $47,934,000 after acquiring an additional 558,488 shares during the period. Hood River Capital Management LLC grew its position in Life Time Group by 3,657.9% in the first quarter. Hood River Capital Management LLC now owns 1,257,960 shares of the company’s stock worth $19,524,000 after acquiring an additional 1,224,485 shares during the period. Wellington Management Group LLP purchased a new position in Life Time Group in the fourth quarter worth approximately $14,544,000. Finally, Charles Schwab Investment Management Inc. grew its position in Life Time Group by 1.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 423,874 shares of the company’s stock worth $6,392,000 after acquiring an additional 5,995 shares during the period. Institutional investors and hedge funds own 79.40% of the company’s stock.

Life Time Group Stock Down 0.7 %

NYSE:LTH traded down $0.14 during midday trading on Monday, reaching $20.50. The company had a trading volume of 1,255,455 shares, compared to its average volume of 798,197. The firm has a market capitalization of $4.08 billion, a price-to-earnings ratio of 56.94, a PEG ratio of 3.67 and a beta of 1.85. The stock’s fifty day simple moving average is $18.44 and its 200-day simple moving average is $15.64. Life Time Group Holdings, Inc. has a 12-month low of $11.10 and a 12-month high of $21.56. The company has a current ratio of 0.43, a quick ratio of 0.31 and a debt-to-equity ratio of 0.86.

Life Time Group (NYSE:LTH) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. Life Time Group had a return on equity of 4.38% and a net margin of 3.19%. The company had revenue of $596.72 million for the quarter, compared to analysts’ expectations of $588.57 million. On average, sell-side analysts anticipate that Life Time Group Holdings, Inc. will post 0.46 earnings per share for the current fiscal year.

Insider Buying and Selling at Life Time Group

In other Life Time Group news, CEO Bahram Akradi purchased 39,000 shares of the business’s stock in a transaction on Friday, May 31st. The shares were bought at an average cost of $16.76 per share, for a total transaction of $653,640.00. Following the completion of the purchase, the chief executive officer now directly owns 1,414,613 shares in the company, valued at $23,708,913.88. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 12.50% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts recently weighed in on LTH shares. Craig Hallum started coverage on Life Time Group in a research report on Friday, July 19th. They issued a “buy” rating and a $30.00 price objective for the company. Wells Fargo & Company lowered their price objective on Life Time Group from $16.00 to $15.00 and set an “equal weight” rating for the company in a research report on Thursday, May 2nd. Mizuho increased their price objective on Life Time Group from $23.00 to $29.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. Finally, Northland Securities raised their price target on Life Time Group from $23.00 to $27.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 24th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $22.14.

Life Time Group 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.