Life Time Group Holdings, Inc. (NYSE:LTH) Shares Sold by Tpg Gp A LLC

Tpg Gp A LLC cut its holdings in Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 6.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 36,816,205 shares of the company's stock after selling 2,678,525 shares during the quarter. Life Time Group comprises approximately 13.1% of Tpg Gp A LLC's holdings, making the stock its 3rd largest position. Tpg Gp A LLC owned about 17.79% of Life Time Group worth $814,374,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Franklin Resources Inc. acquired a new stake in Life Time Group in the third quarter valued at approximately $593,000. Burns Matteson Capital Management LLC acquired a new stake in shares of Life Time Group in the fourth quarter worth $331,000. Braun Stacey Associates Inc. lifted its stake 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 buying 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 $387,000. Finally, Rhumbline Advisers lifted its stake 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 buying an additional 1,075 shares during the last quarter. 79.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently weighed in on LTH shares. Bank of America set a $40.00 price objective on shares of Life Time Group and gave the stock a "buy" rating in a research note on Monday, March 3rd. Craig Hallum boosted their price objective 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. Mizuho boosted their price objective on shares of Life Time Group from $38.00 to $41.00 and gave the stock an "outperform" rating in a research note on Wednesday, March 5th. Royal Bank of Canada set a $35.00 price objective on shares of Life Time Group and gave the stock a "buy" rating in a research note on Thursday, February 27th. Finally, Oppenheimer boosted their target price on shares of Life Time Group from $33.00 to $43.00 and gave the stock an "outperform" rating in a research report on Thursday, January 23rd. 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 currently has an average rating of "Moderate Buy" and an average price target of $35.92.

Life Time Group Trading Up 2.4%

Shares of Life Time Group stock opened at $29.49 on Monday. The firm has a market capitalization of $6.47 billion, a PE ratio of 42.73, a price-to-earnings-growth ratio of 0.81 and a beta of 1.86. 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's fifty day moving average price is $30.47 and its two-hundred day moving average price is $27.80. 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 announced its quarterly earnings results on Thursday, May 8th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.12. The firm had revenue of $706.04 million for the quarter, compared to analyst estimates of $684.06 million. Life Time Group had a net margin of 5.67% and a return on equity of 6.42%. The business's revenue for the quarter was up 18.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.15 EPS. On average, analysts expect that Life Time Group Holdings, Inc. will post 0.74 EPS for the current year.

Insider Buying and Selling at Life Time Group

In other Life Time Group news, CEO Bahram Akradi sold 5,000,000 shares of the business's stock in a transaction on 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 owns 2,993,849 shares of the company's stock, valued at $90,204,670.37. The trade was a 62.55% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.