FORA Capital LLC Makes New $840,000 Investment in Life Time Group Holdings, Inc. (NYSE:LTH)

FORA Capital LLC bought a new position in shares of Life Time Group Holdings, Inc. (NYSE:LTH) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 34,381 shares of the company’s stock, valued at approximately $840,000.

Other hedge funds also recently made changes to their positions in the company. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Life Time Group in the third quarter valued at approximately $5,131,000. FMR LLC raised its holdings in Life Time Group by 268.2% in the 3rd quarter. FMR LLC now owns 5,011 shares of the company’s stock valued at $122,000 after acquiring an additional 3,650 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of Life Time Group during the 3rd quarter valued at $3,949,000. The Manufacturers Life Insurance Company grew its holdings in shares of Life Time Group by 15.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 43,298 shares of the company’s stock worth $1,057,000 after purchasing an additional 5,928 shares in the last quarter. Finally, Loomis Sayles & Co. L P increased its position in shares of Life Time Group by 33.1% in the third quarter. Loomis Sayles & Co. L P now owns 3,050,253 shares of the company’s stock worth $74,487,000 after purchasing an additional 758,757 shares during the period. 79.40% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CFO Erik Weaver sold 4,662 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $25.88, for a total transaction of $120,652.56. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Parham Javaheri sold 168,000 shares of Life Time Group stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $24.57, for a total value of $4,127,760.00. Following the sale, the executive vice president now owns 243,938 shares in the company, valued at $5,993,556.66. This trade represents a 40.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 12.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Morgan Stanley increased 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 research note on Wednesday, October 16th. Wells Fargo & Company raised their target price on Life Time Group from $21.00 to $25.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. Northland Securities boosted their price target on Life Time Group from $28.50 to $29.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Bank of America raised their price objective on Life Time Group from $29.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, September 6th. Finally, Evercore ISI began coverage on Life Time Group in a research note on Friday, November 22nd. They set an “outperform” rating and a $29.00 target price for the company. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Life Time Group presently has an average rating of “Moderate Buy” and a consensus target price of $27.78.

Life Time Group Stock Performance

Shares of LTH stock opened at $24.06 on Friday. The company has a current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 0.64. The firm has a fifty day simple moving average of $24.40 and a two-hundred day simple moving average of $21.71. The firm has a market capitalization of $4.98 billion, a PE ratio of 34.87, a price-to-earnings-growth ratio of 1.55 and a beta of 1.89. Life Time Group Holdings, Inc. has a 12 month low of $11.89 and a 12 month high of $27.11.

Life Time Group (NYSE:LTH) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). The company 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%. The business’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.09 earnings per share. Analysts forecast that Life Time Group Holdings, Inc. will post 0.56 EPS for the current fiscal year.

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.