Life Time Group Holdings, Inc. (NYSE:LTH) Shares Sold by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. cut its holdings in Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 87.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 30,268 shares of the company's stock after selling 205,729 shares during the quarter. D. E. Shaw & Co. Inc.'s holdings in Life Time Group were worth $670,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Barclays PLC boosted its position in shares of Life Time Group by 119.0% during the third quarter. Barclays PLC now owns 248,698 shares of the company's stock valued at $6,073,000 after buying an additional 135,116 shares during the last quarter. R Squared Ltd purchased a new stake in shares of Life Time Group in the 4th quarter valued at about $42,000. Precision Wealth Strategies LLC purchased a new position in shares of Life Time Group in the 4th quarter worth about $387,000. Burns Matteson Capital Management LLC bought a new position in shares of Life Time Group during the fourth quarter valued at about $331,000. Finally, Rhumbline Advisers boosted its position in Life Time Group by 1.2% during the 4th quarter. Rhumbline Advisers now owns 91,572 shares of the company's stock valued at $2,026,000 after buying an additional 1,075 shares during the period. Institutional investors own 79.40% of the company's stock.

Life Time Group Trading Up 0.3%

LTH traded up $0.10 during trading hours on Thursday, reaching $28.71. 2,174,019 shares of the company's stock traded hands, compared to its average volume of 1,697,032. Life Time Group Holdings, Inc. has a 52-week low of $15.64 and a 52-week high of $34.99. The firm has a 50-day moving average price of $30.26 and a 200 day moving average price of $28.06. The firm has a market capitalization of $6.30 billion, a PE ratio of 41.61, a PEG ratio of 0.81 and a beta of 1.86. The company has a quick ratio of 0.46, a current ratio of 0.59 and a debt-to-equity ratio of 0.64.

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

Analyst Ratings Changes

LTH has been the subject of a number of research reports. Guggenheim increased their price objective on Life Time Group from $32.00 to $36.00 and gave the stock a "buy" rating in a report on Friday, February 28th. Royal Bank of Canada set a $35.00 target price on shares of Life Time Group and gave the stock a "buy" rating in a report on Thursday, February 27th. BMO Capital Markets set a $28.00 price target on shares of Life Time Group and gave the company a "hold" rating in a research report on Friday, March 14th. Craig Hallum raised shares of Life Time Group to a "buy" rating and set a $45.00 price target on the stock in a report on Friday, May 23rd. Finally, Morgan Stanley boosted their target price on shares of Life Time Group from $33.00 to $34.00 and gave the stock an "equal weight" rating in a report on Friday, May 9th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Life Time Group has an average rating of "Moderate Buy" and an average price target of $35.92.

Life Time Group 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.