Life Time Group Holdings, Inc. (NYSE:LTH) Shares Acquired by Millennium Management LLC

Millennium Management LLC increased its holdings in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 51.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). 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 0.59% of Life Time Group worth $27,209,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of LTH. Kapitalo Investimentos Ltda acquired a new stake in Life Time Group during the 4th quarter worth $33,000. R Squared Ltd acquired a new stake in Life Time Group during the 4th quarter worth $42,000. Sterling Capital Management LLC boosted its stake in Life Time Group by 892.6% during the 4th quarter. Sterling Capital Management LLC now owns 2,025 shares of the company's stock worth $45,000 after purchasing an additional 1,821 shares during the period. Quarry LP boosted its stake in Life Time Group by 240.4% during the 4th 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 period. Finally, Dnca Finance boosted its stake in Life Time Group by 11.9% during the 4th quarter. Dnca Finance now owns 3,830 shares of the company's stock worth $85,000 after purchasing an additional 407 shares during the period. Institutional investors and hedge funds own 79.40% of the company's stock.

Insider Activity at Life Time Group

In related news, CEO Bahram Akradi sold 5,000,000 shares of the stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $30.13, for a total value of $150,650,000.00. Following the sale, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 8.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

LTH has been the subject of a number of recent research reports. Craig Hallum increased their price target on shares of Life Time Group from $40.00 to $45.00 and gave the stock a "buy" rating in a research note on Friday, February 28th. Northland Securities set a $39.00 price objective on shares of Life Time Group and gave the stock a "buy" rating in a research report on Thursday, February 27th. Guggenheim upped their price objective on shares of Life Time Group from $32.00 to $36.00 and gave the stock a "buy" rating in a research report on Friday, February 28th. Morgan Stanley upped their price objective on shares of Life Time Group from $33.00 to $34.00 and gave the stock an "equal weight" rating in a research report on Friday, May 9th. Finally, Deutsche Bank Aktiengesellschaft set a $36.00 price objective on shares of Life Time Group and gave the stock a "buy" rating in a research report on Monday, March 3rd. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $35.92.

Life Time Group Stock Performance

Shares of LTH opened at $29.41 on Tuesday. The company has a 50-day simple moving average of $30.49 and a 200-day simple moving average of $27.84. The company has a quick ratio of 0.46, a current ratio of 0.59 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $6.45 billion, a PE ratio of 42.62, a P/E/G ratio of 0.81 and a beta of 1.86. Life Time Group Holdings, Inc. has a 52-week low of $15.19 and a 52-week high of $34.99.

Life Time Group (NYSE:LTH - Get Free Report) last issued 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 analysts' expectations 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% on a year-over-year basis. During the same period in the prior year, the company earned $0.15 EPS. Equities research analysts predict that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current fiscal year.

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.

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