Millennium Management LLC Has $27.21 Million Position in Life Time Group Holdings, Inc. (NYSE:LTH)

Millennium Management LLC grew its holdings in Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 51.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,230,066 shares of the company's stock after purchasing an additional 418,231 shares during the period. Millennium Management LLC owned approximately 0.59% of Life Time Group worth $27,209,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Life Time Group by 3.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 56,588 shares of the company's stock worth $1,252,000 after acquiring an additional 2,035 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Life Time Group by 25.4% during the 4th quarter. Janus Henderson Group PLC now owns 31,093 shares of the company's stock valued at $688,000 after acquiring an additional 6,300 shares during the last quarter. Gotham Asset Management LLC boosted its holdings in shares of Life Time Group by 183.9% during the 4th quarter. Gotham Asset Management LLC now owns 139,196 shares of the company's stock valued at $3,079,000 after acquiring an additional 90,169 shares during the last quarter. Graham Capital Management L.P. purchased a new position in shares of Life Time Group in the fourth quarter worth approximately $1,723,000. Finally, Granahan Investment Management LLC boosted its holdings in shares of Life Time Group by 3.7% in the fourth quarter. Granahan Investment Management LLC now owns 1,638,309 shares of the company's stock worth $36,239,000 after buying an additional 58,867 shares during the last quarter. Institutional investors own 79.40% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on LTH shares. Evercore ISI set a $38.00 price target on shares of Life Time Group and gave the company a "buy" rating in a report on Thursday, February 27th. The Goldman Sachs Group boosted their target price on shares of Life Time Group from $22.00 to $32.00 and gave the stock a "neutral" rating in a report on Monday, March 3rd. Mizuho upped their price target on shares of Life Time Group from $38.00 to $41.00 and gave the company an "outperform" rating in a research note on Wednesday, March 5th. 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 note on Friday, March 14th. Finally, Bank of America set a $40.00 price target on shares of Life Time Group and gave the company a "buy" rating in a research note on Monday, March 3rd. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Life Time Group has a consensus rating of "Moderate Buy" and an average target price of $35.92.

Life Time Group Trading Up 0.6%

LTH stock traded up $0.16 during midday trading on Friday, reaching $28.96. 980,239 shares of the company's stock traded hands, compared to its average volume of 1,689,066. The business has a 50-day moving average price of $30.46 and a two-hundred day moving average price of $27.99. Life Time Group Holdings, Inc. has a fifty-two week low of $15.29 and a fifty-two week high of $34.99. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.59 and a quick ratio of 0.46. The company has a market capitalization of $6.35 billion, a P/E ratio of 41.97, a PEG ratio of 0.81 and a beta of 1.86.

Life Time Group (NYSE:LTH - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.39 EPS for the quarter, beating analysts' consensus estimates of $0.27 by $0.12. The firm had revenue of $706.04 million for the quarter, compared to the consensus estimate of $684.06 million. Life Time Group had a net margin of 5.67% and a return on equity of 6.42%. The firm's revenue was up 18.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.15 EPS. Equities research analysts forecast that Life Time Group Holdings, Inc. will post 0.74 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Bahram Akradi sold 5,000,000 shares of the business'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 transaction, the chief executive officer now owns 2,993,849 shares in the company, valued at approximately $90,204,670.37. The trade was a 62.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 8.70% of the company's stock.

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.