Granahan Investment Management LLC Has $36.24 Million Position in Life Time Group Holdings, Inc. (NYSE:LTH)

Granahan Investment Management LLC increased its holdings in shares of Life Time Group Holdings, Inc. (NYSE:LTH) by 3.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,638,309 shares of the company’s stock after buying an additional 58,867 shares during the period. Life Time Group comprises approximately 1.5% of Granahan Investment Management LLC’s portfolio, making the stock its 18th largest position. Granahan Investment Management LLC’s holdings in Life Time Group were worth $36,239,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in LTH. Kapitalo Investimentos Ltda bought a new position in shares of Life Time Group during the fourth quarter worth about $33,000. R Squared Ltd acquired a new stake in Life Time Group during the 4th quarter valued at approximately $42,000. Sterling Capital Management LLC raised its holdings in Life Time Group by 892.6% during the 4th quarter. Sterling Capital Management LLC now owns 2,025 shares of the company’s stock worth $45,000 after purchasing an additional 1,821 shares during the last quarter. Quarry LP lifted its position in shares of Life Time Group by 240.4% in the 4th quarter. Quarry LP now owns 2,335 shares of the company’s stock worth $52,000 after purchasing an additional 1,649 shares during the period. Finally, Dnca Finance boosted its stake in shares of Life Time Group by 11.9% in the 4th quarter. Dnca Finance now owns 3,830 shares of the company’s stock valued at $85,000 after purchasing an additional 407 shares during the last quarter. 79.40% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. BMO Capital Markets set a $28.00 target price on shares of Life Time Group and gave the company a “hold” rating in a report on Friday, March 14th. Northland Securities set a $39.00 price objective on Life Time Group and gave the company a “buy” rating in a research note on Thursday, February 27th. Guggenheim raised their target price on Life Time Group from $32.00 to $36.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. The Goldman Sachs Group boosted their price target on Life Time Group from $22.00 to $32.00 and gave the company a “neutral” rating in a research note on Monday, March 3rd. Finally, Royal Bank of Canada set a $35.00 price objective on shares of Life Time Group and gave the stock a “buy” rating in a research report on Thursday, February 27th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $35.92.

Insiders Place Their Bets

In other Life Time Group news, CEO Bahram Akradi sold 5,000,000 shares of Life Time Group stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $30.13, for a total transaction of $150,650,000.00. Following the transaction, the chief executive officer now owns 2,993,849 shares of the company’s stock, valued at $90,204,670.37. This trade represents a 62.55 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 8.70% of the company’s stock.

Life Time Group Price Performance

Shares of NYSE LTH opened at $28.64 on Friday. The stock has a market cap of $6.13 billion, a price-to-earnings ratio of 41.51, a PEG ratio of 0.81 and a beta of 1.86. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.46 and a current ratio of 0.59. Life Time Group Holdings, Inc. has a fifty-two week low of $14.56 and a fifty-two week high of $34.99. The firm’s 50-day simple moving average is $30.48 and its 200 day simple moving average is $27.52.

Life Time Group (NYSE:LTH) last posted its earnings results on Thursday, May 8th. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.12. Life Time Group had a return on equity of 6.42% and a net margin of 5.67%. The company had revenue of $706.04 million for the quarter, compared to analyst estimates of $684.06 million. During the same quarter last year, the company earned $0.15 earnings per share. The company’s revenue for the quarter was up 18.3% on a year-over-year basis. As a group, research analysts anticipate that Life Time Group Holdings, Inc. will post 0.74 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.