53,449 Shares in Life Time Group Holdings, Inc. $LTH Purchased by Squarepoint Ops LLC

Squarepoint Ops LLC bought a new stake in Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 53,449 shares of the company's stock, valued at approximately $2,183,000.

A number of other institutional investors also recently bought and sold shares of the business. Dimensional Fund Advisors LP increased its stake in shares of Life Time Group by 15.2% in the first quarter. Dimensional Fund Advisors LP now owns 8,090,037 shares of the company's stock worth $217,929,000 after acquiring an additional 1,068,208 shares during the period. California State Teachers Retirement System lifted its position in Life Time Group by 3,933.8% during the second quarter. California State Teachers Retirement System now owns 6,812,194 shares of the company's stock valued at $278,210,000 after purchasing an additional 6,643,315 shares during the period. Wellington Management Group LLP lifted its position in Life Time Group by 1.6% during the second quarter. Wellington Management Group LLP now owns 6,308,310 shares of the company's stock valued at $257,631,000 after purchasing an additional 99,154 shares during the period. Geode Capital Management LLC boosted its holdings in Life Time Group by 6.3% in the fourth quarter. Geode Capital Management LLC now owns 3,519,811 shares of the company's stock valued at $93,572,000 after purchasing an additional 207,822 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in Life Time Group by 18.1% in the first quarter. Principal Financial Group Inc. now owns 2,589,462 shares of the company's stock valued at $69,760,000 after purchasing an additional 397,248 shares during the last quarter. 79.40% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Life Time Group news, Director John Galashan sold 2,879,154 shares of the stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $43.80, for a total transaction of $126,106,945.20. Following the transaction, the director directly owned 3,029,450 shares of the company's stock, valued at $132,689,910. This trade represents a 48.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John G. Danhakl sold 2,879,154 shares of Life Time Group stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $43.80, for a total transaction of $126,106,945.20. Following the completion of the sale, the director owned 3,029,450 shares in the company, valued at approximately $132,689,910. This trade represents a 48.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 7,033,814 shares of company stock worth $308,650,511 in the last 90 days. 13.30% of the stock is owned by insiders.

Analysts Set New Price Targets

LTH has been the subject of a number of recent research reports. Bank of America reiterated a "buy" rating and set a $51.00 price objective on shares of Life Time Group in a research note on Friday, July 31st. Jefferies Financial Group upped their target price on Life Time Group from $41.00 to $51.00 and gave the stock a "buy" rating in a research note on Monday, June 29th. The Goldman Sachs Group started coverage on Life Time Group in a report on Monday, August 3rd. They set a "buy" rating and a $53.00 target price on the stock. Weiss Ratings upgraded Life Time Group from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday, August 6th. Finally, Deutsche Bank Aktiengesellschaft set a $54.00 price target on Life Time Group in a report on Friday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating and thirteen have given a Buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $54.85.

Life Time Group Trading Down 0.1%

LTH stock opened at $41.47 on Tuesday. Life Time Group Holdings, Inc. has a 52-week low of $24.14 and a 52-week high of $47.24. The company has a quick ratio of 0.56, a current ratio of 0.66 and a debt-to-equity ratio of 0.44. The firm has a market cap of $9.27 billion, a P/E ratio of 22.54, a PEG ratio of 1.50 and a beta of 1.48. The company's 50-day simple moving average is $43.37 and its 200-day simple moving average is $35.20.

Life Time Group (NYSE:LTH - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.11. The firm had revenue of $866.00 million during the quarter, compared to analyst estimates of $845.75 million. Life Time Group had a return on equity of 10.56% and a net margin of 13.07%.Life Time Group's revenue for the quarter was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.37 EPS. As a group, equities analysts forecast that Life Time Group Holdings, Inc. will post 1.59 EPS for the current fiscal year.

Life Time Group Profile

Life Time Group Holdings, Inc operates a network of athletic country clubs and wellness facilities in the United States and Canada. The company provides an integrated range of fitness, health, and lifestyle services designed for individuals and families.

Its clubs typically offer fitness equipment and classes, personal training, indoor and outdoor pools, courts for sports such as tennis and pickleball, childcare, spa services, cafes, and spaces for social and work-related activities. Life Time also provides digital fitness content, nutrition and wellness programs, recreational activities, and athletic events through its clubs and online platforms.

Founded in 1992, the company was originally known as Life Time Fitness before becoming Life Time Group Holdings.

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