Point72 Asia Singapore Pte. Ltd. Acquires New Shares in Life Time Group Holdings, Inc. (NYSE:LTH)

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

Several other large investors have also recently bought and sold shares of LTH. Dimensional Fund Advisors LP lifted its holdings in Life Time Group by 2.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,190,447 shares of the company's stock worth $114,809,000 after buying an additional 147,295 shares during the last quarter. Loomis Sayles & Co. L P lifted its position in Life Time Group by 12.3% in the fourth quarter. Loomis Sayles & Co. L P now owns 3,425,925 shares of the company's stock valued at $75,781,000 after acquiring an additional 375,672 shares during the last quarter. Driehaus Capital Management LLC boosted its stake in Life Time Group by 5.2% in the fourth quarter. Driehaus Capital Management LLC now owns 2,955,669 shares of the company's stock valued at $65,379,000 after acquiring an additional 145,002 shares in the last quarter. Hood River Capital Management LLC grew its holdings in shares of Life Time Group by 2.4% during the fourth quarter. Hood River Capital Management LLC now owns 2,787,210 shares of the company's stock worth $61,653,000 after purchasing an additional 64,613 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Life Time Group by 45.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,038,064 shares of the company's stock worth $45,082,000 after purchasing an additional 640,385 shares during the last quarter. Hedge funds and other institutional investors own 79.40% of the company's stock.

Insider Transactions at Life Time Group

In related news, CEO Bahram Akradi sold 5,000,000 shares of the firm's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $30.13, for a total value of $150,650,000.00. Following the completion of the sale, the chief executive officer now owns 2,993,849 shares in the company, valued at $90,204,670.37. This trade represents a 62.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 8.70% of the company's stock.

Life Time Group Stock Performance

LTH traded up $0.24 during trading on Thursday, hitting $28.79. The stock had a trading volume of 393,008 shares, compared to its average volume of 1,678,547. Life Time Group Holdings, Inc. has a twelve month low of $15.29 and a twelve month high of $34.99. 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 price is $30.52 and its 200 day moving average price is $27.86. The firm has a market capitalization of $6.32 billion, a P/E ratio of 41.80, a PEG ratio of 0.81 and a beta of 1.86.

Life Time Group (NYSE:LTH - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.39 earnings per share for the quarter, topping 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 firm had revenue of $706.04 million for the quarter, compared to analyst estimates of $684.06 million. During the same quarter in the prior year, the company posted $0.15 earnings per share. Life Time Group's quarterly revenue was up 18.3% on a year-over-year basis. On average, equities research analysts forecast that Life Time Group Holdings, Inc. will post 0.74 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Mizuho boosted their target price on Life Time Group from $38.00 to $41.00 and gave the company an "outperform" rating in a report on Wednesday, March 5th. Evercore ISI set a $38.00 price target on Life Time Group and gave the stock a "buy" rating in a research report on Thursday, February 27th. Morgan Stanley increased their price objective on Life Time Group from $33.00 to $34.00 and gave the company an "equal weight" rating in a report on Friday, May 9th. Guggenheim raised their target price on shares of Life Time Group from $32.00 to $36.00 and gave the stock a "buy" rating in a research report on Friday, February 28th. Finally, Deutsche Bank Aktiengesellschaft set a $36.00 price target on shares of Life Time Group and gave the company a "buy" rating in a research report on Monday, March 3rd. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, Life Time Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $35.92.

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.