Cubist Systematic Strategies LLC Decreases Position in Life Time Group Holdings, Inc. $LTH

Key Points

• Cubist Systematic Strategies LLC reduced its stake in Life Time Group Holdings by 21.2%, owning 574,474 shares after selling 154,787 shares in the first quarter, valued at approximately $17.3 million.
• Several hedge funds increased their investments in Life Time Group, with Caitong International Asset Management boosting its stake by 226.5%, now holding 1,750 shares valued at $53,000.
• Life Time Group reported earnings of $0.37 per share for the latest quarter, surpassing analysts' expectations of $0.33, along with a revenue of $761.47 million, a 14% increase year-over-year.

Cubist Systematic Strategies LLC cut its holdings in Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 21.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 574,474 shares of the company's stock after selling 154,787 shares during the quarter. Cubist Systematic Strategies LLC owned approximately 0.26% of Life Time Group worth $17,349,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Royal Bank of Canada lifted its stake in shares of Life Time Group by 140.4% in the first quarter. Royal Bank of Canada now owns 54,380 shares of the company's stock worth $1,642,000 after acquiring an additional 31,762 shares during the period. Graham Capital Management L.P. increased its holdings in Life Time Group by 61.7% in the first quarter. Graham Capital Management L.P. now owns 125,959 shares of the company's stock worth $3,804,000 after purchasing an additional 48,064 shares in the last quarter. Driehaus Capital Management LLC increased its holdings in Life Time Group by 7.1% in the first quarter. Driehaus Capital Management LLC now owns 3,166,786 shares of the company's stock worth $95,637,000 after purchasing an additional 211,117 shares in the last quarter. Trexquant Investment LP increased its holdings in Life Time Group by 4.6% in the first quarter. Trexquant Investment LP now owns 442,517 shares of the company's stock worth $13,364,000 after purchasing an additional 19,416 shares in the last quarter. Finally, Ieq Capital LLC bought a new stake in Life Time Group in the first quarter worth approximately $695,000. 79.40% of the stock is owned by institutional investors and hedge funds.

Life Time Group Stock Performance

NYSE:LTH traded up $1.06 during trading on Thursday, reaching $28.82. The company's stock had a trading volume of 1,899,534 shares, compared to its average volume of 2,516,626. The firm has a market cap of $6.34 billion, a price-to-earnings ratio of 28.25 and a beta of 1.72. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.53 and a current ratio of 0.65. The firm has a 50 day moving average of $28.69 and a 200-day moving average of $29.54. Life Time Group Holdings, Inc. has a 12 month low of $21.49 and a 12 month high of $34.99.

Life Time Group (NYSE:LTH - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.37 EPS for the quarter, beating analysts' consensus estimates of $0.33 by $0.04. The firm had revenue of $761.47 million for the quarter, compared to analysts' expectations of $752.33 million. Life Time Group had a return on equity of 9.05% and a net margin of 8.03%.The business's revenue for the quarter was up 14.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.26 EPS. Life Time Group has set its FY 2025 guidance at EPS. Research analysts expect that Life Time Group Holdings, Inc. will post 0.74 EPS for the current fiscal year.

Insider Activity at Life Time Group

In related news, EVP Parham Javaheri sold 84,744 shares of the firm's stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $27.84, for a total transaction of $2,359,272.96. Following the transaction, the executive vice president directly owned 249,526 shares of the company's stock, valued at approximately $6,946,803.84. This trade represents a 25.35% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director John Kristofer Galashan sold 11,655,582 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $29.38, for a total value of $342,440,999.16. Following the transaction, the director owned 29,898,037 shares in the company, valued at approximately $878,404,327.06. The trade was a 28.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,557,530 shares of company stock worth $691,887,874 in the last quarter. 8.70% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on LTH shares. Wall Street Zen downgraded Life Time Group from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Morgan Stanley boosted 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 restated a "buy" rating and set a $36.00 price objective on shares of Life Time Group in a report on Tuesday, June 24th. Finally, Craig Hallum upgraded Life Time Group to a "buy" rating and set a $45.00 price objective for the company in a report on Friday, May 23rd. Eight analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $35.92.

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.