Alpha DNA Investment Management LLC Acquires Shares of 19,376 Life Time Group Holdings, Inc. (NYSE:LTH)

Alpha DNA Investment Management LLC bought a new position in Life Time Group Holdings, Inc. (NYSE:LTH) in the 3rd quarter, according to its most recent disclosure with the SEC. The firm bought 19,376 shares of the company’s stock, valued at approximately $473,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Amalgamated Bank boosted its stake in Life Time Group by 38.2% during the second quarter. Amalgamated Bank now owns 2,036 shares of the company’s stock worth $38,000 after acquiring an additional 563 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in Life Time Group by 105.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,762 shares of the company’s stock valued at $43,000 after acquiring an additional 906 shares during the period. Assetmark Inc. boosted its holdings in shares of Life Time Group by 8.5% during the 3rd quarter. Assetmark Inc. now owns 12,022 shares of the company’s stock valued at $294,000 after acquiring an additional 941 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Life Time Group by 17.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 12,769 shares of the company’s stock worth $199,000 after acquiring an additional 1,866 shares during the period. Finally, GSA Capital Partners LLP raised its holdings in shares of Life Time Group by 2.2% during the third quarter. GSA Capital Partners LLP now owns 93,872 shares of the company’s stock valued at $2,292,000 after purchasing an additional 1,987 shares during the last quarter. 79.40% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Life Time Group

In related news, CFO Erik Weaver sold 4,662 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $25.88, for a total value of $120,652.56. Following the sale, the chief financial officer now owns 75,866 shares in the company, valued at approximately $1,963,412.08. The trade was a 5.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 12.50% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on LTH shares. Royal Bank of Canada lifted their target price on shares of Life Time Group from $20.00 to $27.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. The Goldman Sachs Group raised their target price on Life Time Group from $15.00 to $22.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Evercore ISI initiated coverage on shares of Life Time Group in a research report on Friday. They set an “outperform” rating and a $29.00 price target for the company. Morgan Stanley raised their price objective on shares of Life Time Group from $21.00 to $29.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th. Finally, Northland Securities upped their target price on shares of Life Time Group from $28.50 to $29.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Life Time Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $27.78.

Life Time Group Trading Up 0.7 %

Life Time Group stock opened at $24.55 on Monday. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.59 and a quick ratio of 0.46. The firm’s 50 day moving average price is $24.42 and its 200-day moving average price is $21.53. Life Time Group Holdings, Inc. has a 1 year low of $11.89 and a 1 year high of $27.11. The stock has a market cap of $5.08 billion, a P/E ratio of 35.58, a PEG ratio of 1.58 and a beta of 1.89.

Life Time Group (NYSE:LTH) last announced its quarterly earnings results on Thursday, October 24th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.01). The company had revenue of $693.20 million during the quarter, compared to analysts’ expectations of $684.13 million. Life Time Group had a return on equity of 6.42% and a net margin of 5.67%. The firm’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.09 EPS. On average, equities analysts predict that Life Time Group Holdings, Inc. will post 0.56 earnings per share for the current fiscal year.

About Life Time Group

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.