Moody National Bank Trust Division Has $2.04 Million Stock Holdings in Life Time Group Holdings, Inc. (NYSE:LTH)

Moody National Bank Trust Division raised its holdings in shares of Life Time Group Holdings, Inc. (NYSE:LTH) by 1.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 92,101 shares of the company’s stock after acquiring an additional 911 shares during the quarter. Moody National Bank Trust Division’s holdings in Life Time Group were worth $2,037,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rhumbline Advisers increased its position in shares of Life Time Group by 32.7% in the second quarter. Rhumbline Advisers now owns 92,669 shares of the company’s stock valued at $1,745,000 after acquiring an additional 22,836 shares during the last quarter. Daiwa Securities Group Inc. boosted its holdings in shares of Life Time Group by 35.5% in the 2nd quarter. Daiwa Securities Group Inc. now owns 19,170 shares of the company’s stock valued at $361,000 after buying an additional 5,020 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Life Time Group by 402.6% in the 2nd quarter. American Century Companies Inc. now owns 104,431 shares of the company’s stock valued at $1,966,000 after buying an additional 83,654 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Life Time Group by 19.8% in the second quarter. Dimensional Fund Advisors LP now owns 4,658,902 shares of the company’s stock valued at $87,728,000 after buying an additional 770,766 shares in the last quarter. Finally, Peregrine Asset Advisers Inc. acquired a new position in Life Time Group during the second quarter worth $3,134,000. 79.40% of the stock is owned by institutional investors.

Insider Activity

In other Life Time Group news, EVP Parham Javaheri sold 168,000 shares of Life Time Group stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $24.57, for a total value of $4,127,760.00. Following the completion of the sale, the executive vice president now directly owns 243,938 shares of the company’s stock, valued at approximately $5,993,556.66. The trade was a 40.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Erik Weaver sold 4,662 shares of the business’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $25.88, for a total value 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 $1,963,412.08. The trade was a 5.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.50% of the stock is owned by corporate insiders.

Life Time Group Price Performance

NYSE:LTH traded up $0.17 during mid-day trading on Monday, reaching $23.78. The stock had a trading volume of 814,002 shares, compared to its average volume of 1,421,210. The stock has a 50-day simple moving average of $23.45 and a two-hundred day simple moving average of $23.09. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.59 and a quick ratio of 0.46. Life Time Group Holdings, Inc. has a 12 month low of $11.89 and a 12 month high of $27.11. The stock has a market capitalization of $4.92 billion, a PE ratio of 34.46, a P/E/G ratio of 1.46 and a beta of 1.89.

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

Analyst Ratings Changes

Several research analysts have recently weighed in on LTH shares. Northland Securities boosted their price objective on shares of Life Time Group from $28.50 to $29.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Evercore ISI began coverage on Life Time Group in a research report on Friday, November 22nd. They issued an “outperform” rating and a $29.00 price objective for the company. Morgan Stanley increased their price target on Life Time Group from $21.00 to $29.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 16th. Finally, Wells Fargo & Company lifted their price objective on shares of Life Time Group from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 17th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $27.89.

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.