BlackRock Fund Advisors recently announced the acquisition of new stake in Life Time Group Holdings Inc. (NYSE:LTH). The institutional investor has increased its shareholding in the Consumer Cyclical company by 2.14% to 2.77 million shares with purchase of 57964.0 shares. This fresh investment now brings its stake to 1.42% valued currently at $57.53 million. In addition, Dimensional Fund Advisors LP raised its holdings by 0.69 million to 0.95 million shares. And Geode Capital Management LLC has lifted its position by 5.12% or 43819.0 shares – to 0.9 million shares.
With over 1.37 million Life Time Group Holdings Inc. (LTH) shares trading Monday and a closing price of $20.31 on the day, the dollar volume was approximately $27.86 million. The shares have shown a positive half year performance of 59.80% and its price on 05/22/23 gained nearly 3.68%. Currently, there are 194.19M common shares owned by the public and among those 166.25M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 10 analysts who have offered their price forecasts for LTH have a consensus price objective of $22.10. The analysts have set the share’s price value over the next 12 months at a high of $33.00 and a low of $16.00. The average price target is 8.1% above its recent price level and a downside to the estimated low will see the stock lose -26.94% over that period. But an upside of 38.45% will see the stock hit the forecast high price target while median target price for the stock is $22.50.
Insiders at the company have transacted a total of 32 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 17 of these insider trades were purchases, accounting for 185,316 shares. Insider sales of the common stock occurred on 15 occasions, with total insider shares sold totaling 42,099 shares.
The top 3 mutual fund holders in Life Time Group Holdings Inc. are Invesco Funds – Global Consumer T, AB Small Cap Growth Portfolio, and JPMorgan Small Cap Growth Fund. Invesco Funds – Global Consumer T owns 2.54 million shares of the company’s stock, all valued at over $52.86 million. The company sold -0.22 million shares recently to bring their total holdings to about 1.31% of the shares outstanding. AB Small Cap Growth Portfolio bought 33413.0 shares to see its total holdings expand to 2.43 million shares valued at over $50.48 million and representing 1.25% of the shares outstanding. JPMorgan Small Cap Growth Fund sold -0.18 million shares to bring its total holdings to over 1.91 million shares at a value of $39.67 million. JPMorgan Small Cap Growth Fund now owns shares totaling to 0.98% of the shares outstanding.
Shares of Life Time Group Holdings Inc. (NYSE: LTH) opened at $19.70, up $0.11 from a prior closing price of $19.59. However, the script later moved the day high at 20.72, up 3.68%. The company’s stock has a 5-day price change of 0.30% and 12.71% over the past three months. LTH shares are trading 69.82% year to date (YTD), with the 12-month market performance up to 43.33% higher. It has a 12-month low price of $8.75 and touched a high of $21.39 over the same period. LTH has an average intraday trading volume of 945.88K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 2.60%, 14.52%, and 37.95% respectively.
Institutional ownership of Life Time Group Holdings Inc. (NYSE: LTH) shares accounts for 85.70% of the company’s 194.19M shares outstanding. Mutual fund holders own 7.88%, while other institutional holders and individual stakeholders account for 9.64% and 12.25% respectively.
It has a market capitalization of $4.05B. The earnings-per-share (ttm) stands at -$0.01. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.68% over the week and 4.49% over the month.
Analysts forecast that Life Time Group Holdings Inc. (LTH) will achieve an EPS of $0.1 for the current quarter, $0.11 for the next quarter and $0.6 for 2024. The lowest estimate earnings-per-share for the quarter is $0.07 while analysts give the company a high EPS estimate of $0.13. Comparatively, EPS for the current quarter was -$0.01 a year ago. Earnings per share for the fiscal year are expected to increase by 99.70%, and 50.87% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 10 brokerage firm advisors rate Life Time Group Holdings Inc. (LTH) as a “Moderate Buy” at a consensus score of 2.20. Specifically, 6 Wall Street analysts polled rate the stock as a buy, while 3 of the 10 advise that investors “hold,” and 1 rated it as a “Sell.”
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