Squarepoint Ops LLC Has $4.65 Million Position in Life Time Group Holdings, Inc. (NYSE:LTH)

Squarepoint Ops LLC boosted its stake in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 413.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 210,391 shares of the company's stock after buying an additional 169,402 shares during the quarter. Squarepoint Ops LLC owned 0.10% of Life Time Group worth $4,654,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LTH. Burns Matteson Capital Management LLC purchased a new position in Life Time Group during the 4th quarter valued at about $331,000. Braun Stacey Associates Inc. boosted its position in shares of Life Time Group by 2.0% in the fourth quarter. Braun Stacey Associates Inc. now owns 867,132 shares of the company's stock worth $19,181,000 after acquiring an additional 17,340 shares during the last quarter. Precision Wealth Strategies LLC acquired a new stake in shares of Life Time Group in the fourth quarter worth approximately $387,000. Rhumbline Advisers boosted its position in shares of Life Time Group by 1.2% in the fourth quarter. Rhumbline Advisers now owns 91,572 shares of the company's stock worth $2,026,000 after acquiring an additional 1,075 shares during the last quarter. Finally, Barclays PLC lifted its position in 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 in the last quarter. 79.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. 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 research report on Friday, May 9th. Royal Bank of Canada set a $35.00 price target on shares of Life Time Group and gave the stock a "buy" rating in a research report on Thursday, February 27th. Mizuho increased their target price on shares of Life Time Group from $38.00 to $41.00 and gave the company an "outperform" rating in a research report on Wednesday, March 5th. Deutsche Bank Aktiengesellschaft set a $36.00 price objective on shares of Life Time Group and gave the company a "buy" rating in a research report on Monday, March 3rd. Finally, Bank of America set a $40.00 price objective on shares of Life Time Group and gave the company a "buy" rating in a research note on Monday, March 3rd. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Life Time Group currently has an average rating of "Moderate Buy" and an average target price of $35.92.

Life Time Group Stock Performance

LTH stock traded down $0.02 during midday trading on Friday, hitting $28.75. 354,317 shares of the company traded hands, compared to its average volume of 1,691,813. Life Time Group Holdings, Inc. has a twelve month low of $15.64 and a twelve month high of $34.99. 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 business has a 50 day simple moving average of $30.26 and a 200-day simple moving average of $28.06. The stock has a market capitalization of $6.31 billion, a price-to-earnings ratio of 41.64, a price-to-earnings-growth ratio of 0.81 and a beta of 1.86.

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