AQR Capital Management LLC Raises Holdings in Life Time Group Holdings, Inc. (NYSE:LTH)

AQR Capital Management LLC lifted its holdings in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 162.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 226,265 shares of the company's stock after purchasing an additional 140,032 shares during the quarter. AQR Capital Management LLC owned 0.11% of Life Time Group worth $5,005,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. R Squared Ltd acquired a new stake in shares of Life Time Group in the fourth quarter valued at about $42,000. Sterling Capital Management LLC boosted its holdings in shares of Life Time Group by 892.6% in the fourth quarter. Sterling Capital Management LLC now owns 2,025 shares of the company's stock worth $45,000 after acquiring an additional 1,821 shares during the period. Quarry LP boosted its stake in Life Time Group by 240.4% during the fourth quarter. Quarry LP now owns 2,335 shares of the company's stock valued at $52,000 after buying an additional 1,649 shares during the period. Dnca Finance increased its holdings in shares of Life Time Group by 11.9% in the fourth quarter. Dnca Finance now owns 3,830 shares of the company's stock worth $85,000 after buying an additional 407 shares during the period. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Life Time Group in the fourth quarter worth about $88,000. 79.40% of the stock is currently owned by institutional investors.

Insider Activity at Life Time Group

In other Life Time Group 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 transaction of $150,650,000.00. Following the completion of the transaction, 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. 8.70% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms recently weighed in on LTH. Bank of America set a $40.00 price target on Life Time Group and gave the stock a "buy" rating in a research note on Monday, March 3rd. BMO Capital Markets set a $28.00 target price on Life Time Group and gave the company a "hold" rating in a research report on Friday, March 14th. The Goldman Sachs Group lifted their price target on shares of Life Time Group from $22.00 to $32.00 and gave the company a "neutral" rating in a research note on Monday, March 3rd. Royal Bank of Canada set a $35.00 price objective on shares of Life Time Group and gave the company a "buy" rating in a report on Thursday, February 27th. Finally, Craig Hallum upped their price objective on shares of Life Time Group from $40.00 to $45.00 and gave the stock a "buy" rating in a research report on Friday, February 28th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $35.92.

Life Time Group Stock Performance

Shares of NYSE:LTH traded down $0.35 during trading on Wednesday, reaching $29.52. 489,400 shares of the company's stock traded hands, compared to its average volume of 1,658,766. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.59 and a quick ratio of 0.46. Life Time Group Holdings, Inc. has a 12 month low of $14.75 and a 12 month high of $34.99. The company has a 50 day moving average of $30.42 and a 200-day moving average of $27.63. The stock has a market capitalization of $6.31 billion, a P/E ratio of 42.78, a price-to-earnings-growth 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, beating analysts' consensus estimates of $0.27 by $0.12. Life Time Group had a net margin of 5.67% and a return on equity of 6.42%. The business had revenue of $706.04 million during the quarter, compared to the consensus estimate of $684.06 million. During the same quarter in the prior year, the firm earned $0.15 EPS. The company's revenue for the quarter was up 18.3% compared to the same quarter last year. On average, equities analysts expect that Life Time Group Holdings, Inc. will post 0.74 EPS for the current year.

About Life Time Group

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.