Cubist Systematic Strategies LLC Buys 186,308 Shares of Life Time Group Holdings, Inc. (NYSE:LTH)

Cubist Systematic Strategies LLC increased its holdings in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 34.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 729,261 shares of the company's stock after acquiring an additional 186,308 shares during the quarter. Cubist Systematic Strategies LLC owned approximately 0.35% of Life Time Group worth $16,131,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Kapitalo Investimentos Ltda purchased a new position in Life Time Group during the fourth quarter valued at approximately $33,000. R Squared Ltd purchased a new stake in shares of Life Time Group in the fourth quarter worth $42,000. Sterling Capital Management LLC raised its holdings in shares of Life Time Group by 892.6% in the 4th quarter. Sterling Capital Management LLC now owns 2,025 shares of the company's stock valued at $45,000 after acquiring an additional 1,821 shares in the last quarter. Quarry LP increased its position in shares of Life Time Group by 240.4% in the fourth quarter. Quarry LP now owns 2,335 shares of the company's stock worth $52,000 after purchasing an additional 1,649 shares during the last quarter. Finally, Dnca Finance raised 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 in the last quarter. Hedge funds and other institutional investors own 79.40% of the company's stock.

Insiders Place Their Bets

In related news, CEO Bahram Akradi sold 5,000,000 shares of the stock in a transaction that occurred 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 represents a 62.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 8.70% of the stock is currently owned by company insiders.

Life Time Group Stock Performance

Shares of NYSE LTH traded up $1.42 during midday trading on Monday, hitting $29.87. 1,048,623 shares of the stock traded hands, compared to its average volume of 2,275,061. The firm has a market capitalization of $6.39 billion, a P/E ratio of 43.32, a PEG ratio of 0.81 and a beta of 1.86. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.46 and a current ratio of 0.59. Life Time Group Holdings, Inc. has a one year low of $14.56 and a one year high of $34.99. The firm has a 50-day moving average of $30.48 and a two-hundred day moving average of $27.57.

Life Time Group (NYSE:LTH - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.39 earnings per share (EPS) 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 firm had revenue of $706.04 million during the quarter, compared to the consensus estimate of $684.06 million. During the same quarter in the previous year, the firm posted $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 forecast that Life Time Group Holdings, Inc. will post 0.74 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on LTH shares. Bank of America set a $40.00 price target on Life Time Group and gave the company a "buy" rating in a research report on Monday, March 3rd. Evercore ISI set a $38.00 target price on Life Time Group and gave the stock a "buy" rating in a research report on Thursday, February 27th. The Goldman Sachs Group increased 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 report on Monday, March 3rd. Morgan Stanley upped their price objective on shares of Life Time Group from $33.00 to $34.00 and gave the company an "equal weight" rating in a research note on Friday. Finally, Wells Fargo & Company set a $28.00 target price on shares of Life Time Group and gave the company a "hold" rating in a report on Thursday, February 27th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average 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.