Victory Capital Management Inc. Acquires 7,260 Shares of Life Time Group Holdings, Inc. (NYSE:LTH)

Victory Capital Management Inc. raised its holdings in shares of Life Time Group Holdings, Inc. (NYSE:LTH) by 50.9% in the fourth quarter, HoldingsChannel reports. The firm owned 21,518 shares of the company’s stock after buying an additional 7,260 shares during the quarter. Victory Capital Management Inc.’s holdings in Life Time Group were worth $324,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of LTH. DekaBank Deutsche Girozentrale bought a new position in Life Time Group during the 3rd quarter valued at approximately $27,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Life Time Group by 62.1% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,306 shares of the company’s stock valued at $172,000 after purchasing an additional 4,330 shares during the last quarter. Daiwa Securities Group Inc. bought a new position in shares of Life Time Group in the 4th quarter worth approximately $213,000. Aigen Investment Management LP bought a new position in shares of Life Time Group in the 3rd quarter worth approximately $232,000. Finally, Arizona State Retirement System raised its position in shares of Life Time Group by 21.8% in the 3rd quarter. Arizona State Retirement System now owns 16,660 shares of the company’s stock worth $253,000 after acquiring an additional 2,982 shares in the last quarter. Institutional investors own 79.40% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on LTH. Royal Bank of Canada increased their target price on Life Time Group from $18.00 to $20.00 and gave the stock an “outperform” rating in a research report on Thursday, February 29th. Wells Fargo & Company decreased their target price 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 target price 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 initiated coverage on Life Time Group in a research report on Tuesday, April 23rd. They issued an “outperform” rating and a $23.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.57.

Insider Buying and Selling at Life Time Group

In other Life Time Group news, CFO Erik Weaver sold 5,269 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $12.77, for a total transaction of $67,285.13. Following the sale, the chief financial officer now directly owns 86,967 shares in the company, valued at approximately $1,110,568.59. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Life Time Group news, CFO Erik Weaver sold 5,269 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $12.77, for a total transaction of $67,285.13. Following the sale, the chief financial officer now directly owns 86,967 shares in the company, valued at approximately $1,110,568.59. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Ritadhwaja Jebens Singh sold 10,828 shares of the stock in a transaction on Friday, March 1st. The shares were sold at an average price of $13.61, for a total value of $147,369.08. Following the sale, the executive vice president now owns 201,521 shares in the company, valued at $2,742,700.81. The disclosure for this sale can be found here. Company insiders own 12.50% of the company’s stock.

Life Time Group Stock Performance

Life Time Group stock opened at $16.25 on Friday. The company has a quick ratio of 0.31, a current ratio of 0.43 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $3.23 billion, a P/E ratio of 45.14, a PEG ratio of 9.74 and a beta of 1.76. The stock’s 50 day moving average is $14.73 and its 200 day moving average is $14.38. Life Time Group Holdings, Inc. has a twelve month low of $11.10 and a twelve month high of $22.41.

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, topping the consensus estimate of $0.10 by $0.02. The company had revenue of $596.72 million for the quarter, compared to the consensus estimate of $588.57 million. Life Time Group had a return on equity of 4.38% and a net margin of 3.19%. On average, equities research analysts predict that Life Time Group Holdings, Inc. will post 0.46 earnings per share 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.