Tue Sep 17 07:24:52 UTC 2024: ## Bank of New York Mellon Increases Stake in LifeStance Health Group
**New York, NY – September 17, 2024** – Bank of New York Mellon Corp (BK) has revealed an increased stake in LifeStance Health Group, Inc. (LFST) in its most recent Form 13F filing. The fund now holds 451,102 shares of the company, worth $2,215,000, after acquiring an additional 15,309 shares in the second quarter.
LifeStance Health Group provides outpatient mental health services across the United States. The company’s recent quarterly earnings report showed a beat on EPS and revenue, but a negative net margin and return on equity.
Other institutional investors have also recently modified their holdings in LifeStance Health Group. Bessemer Group Inc. significantly increased its position in the first quarter, while Allen Investment Management LLC acquired a new position. Assetmark Inc. and Virtu Financial LLC also raised their stakes in the company.
Meanwhile, insider Ann Varanakis sold 5,269 shares of the company’s stock in August, bringing her total ownership to 263,007 shares.
Analysts at UBS Group and Barclays have lowered their price targets on LifeStance Health Group. Currently, one analyst rates the stock as a “Sell”, three assign a “Hold” rating, and two have a “Buy” rating. The consensus target price sits at $8.25.
Despite the mixed signals from analysts, Bank of New York Mellon’s increased stake in LifeStance Health Group indicates potential confidence in the company’s future prospects. However, investors should carefully consider the company’s recent performance and the opinions of various analysts before making any investment decisions.
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