Point72 Asia Singapore Pte. Ltd. Invests $203,000 in Life Time Group Holdings, Inc. (NYSE:LTH)

Point72 Asia Singapore Pte. Ltd. bought a new stake in Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 9,195 shares of the company's stock, valued at approximately $203,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Dnca Finance increased its stake in Life Time Group by 11.9% in the fourth 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. Summit Investment Advisors Inc. increased its stake in Life Time Group by 12.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 6,478 shares of the company's stock valued at $143,000 after purchasing an additional 712 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Life Time Group by 0.4% in the fourth quarter. Bank of New York Mellon Corp now owns 219,915 shares of the company's stock valued at $4,865,000 after purchasing an additional 788 shares during the last quarter. Rhumbline Advisers increased its stake in Life Time Group by 1.2% in the fourth quarter. Rhumbline Advisers now owns 91,572 shares of the company's stock valued at $2,026,000 after purchasing an additional 1,075 shares during the last quarter. Finally, Handelsbanken Fonder AB increased its stake in Life Time Group by 6.4% in the fourth quarter. Handelsbanken Fonder AB now owns 18,400 shares of the company's stock valued at $407,000 after purchasing an additional 1,100 shares during the last quarter. 79.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on LTH shares. Deutsche Bank Aktiengesellschaft set a $36.00 price target on Life Time Group and gave the stock a "buy" rating in a research note on Monday, March 3rd. Craig Hallum upped their price target on Life Time Group from $40.00 to $45.00 and gave the stock a "buy" rating in a research note on Friday, February 28th. Mizuho upped their price target on Life Time Group from $38.00 to $41.00 and gave the stock an "outperform" rating in a research note on Wednesday, March 5th. Wells Fargo & Company set a $28.00 target price on Life Time Group and gave the stock a "hold" rating in a research report on Thursday, February 27th. Finally, Northland Securities set a $39.00 target price on Life Time Group and gave the stock a "buy" rating in a research report on Thursday, February 27th. Five equities 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 stock presently has an average rating of "Moderate Buy" and a consensus target price of $35.92.

Life Time Group Stock Performance

Shares of Life Time Group stock traded down $0.14 on Tuesday, reaching $29.27. 1,385,609 shares of the company were exchanged, compared to its average volume of 1,681,262. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.46 and a current ratio of 0.59. The company's 50-day moving average is $30.49 and its two-hundred day moving average is $27.84. The firm has a market cap of $6.42 billion, a price-to-earnings ratio of 42.42, a P/E/G ratio of 0.81 and a beta of 1.86. Life Time Group Holdings, Inc. has a 1-year low of $15.19 and a 1-year high of $34.99.

Life Time Group (NYSE:LTH - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.39 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $706.04 million for the quarter, compared to analysts' expectations of $684.06 million. During the same period last year, the firm earned $0.15 EPS. The firm's revenue was up 18.3% compared to the same quarter last year. As a group, research analysts expect that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current fiscal year.

Insider Buying and Selling at Life Time Group

In other Life Time Group news, CEO Bahram Akradi sold 5,000,000 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $30.13, for a total transaction of $150,650,000.00. Following the completion of the transaction, the chief executive officer now directly owns 2,993,849 shares of the company's stock, valued at approximately $90,204,670.37. This trade represents a 62.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 8.70% of the stock is currently owned by corporate insiders.

Life Time Group Company 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.