Tpg Gp A LLC Cuts Stake in Life Time Group Holdings, Inc. (NYSE:LTH)

TPG GP A LLC decreased its position in Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 6.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 36,816,205 shares of the company's stock after selling 2,678,525 shares during the period. Life Time Group makes up approximately 13.1% of TPG GP A LLC's holdings, making the stock its 3rd biggest position. TPG GP A LLC owned 17.79% of Life Time Group worth $814,374,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Kapitalo Investimentos Ltda bought a new position in shares of Life Time Group in the fourth quarter valued at approximately $33,000. R Squared Ltd bought a new position in shares of Life Time Group in the fourth quarter valued at approximately $42,000. Sterling Capital Management LLC boosted its holdings in shares of Life Time Group by 892.6% in the fourth quarter. Sterling Capital Management LLC now owns 2,025 shares of the company's stock valued at $45,000 after acquiring an additional 1,821 shares in the last quarter. Quarry LP boosted its holdings in shares of Life Time Group by 240.4% in the fourth quarter. Quarry LP now owns 2,335 shares of the company's stock valued at $52,000 after acquiring an additional 1,649 shares in the last quarter. Finally, Dnca Finance boosted its holdings in shares of Life Time Group by 11.9% in the fourth quarter. Dnca Finance now owns 3,830 shares of the company's stock valued at $85,000 after acquiring an additional 407 shares in the last quarter. Institutional investors own 79.40% of the company's stock.

Insider Activity at Life Time Group

In other Life Time Group news, CEO Bahram Akradi sold 5,000,000 shares of the stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 2,993,849 shares in the company, valued at $90,204,670.37. This represents a 62.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 8.70% of the stock is owned by insiders.

Life Time Group Trading Up 0.6%

Shares of NYSE:LTH traded up $0.16 during mid-day trading on Friday, hitting $28.96. The stock had a trading volume of 980,239 shares, compared to its average volume of 1,685,092. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.46 and a current ratio of 0.59. The company has a market cap of $6.35 billion, a PE ratio of 41.97, a P/E/G ratio of 0.81 and a beta of 1.86. Life Time Group Holdings, Inc. has a 12-month low of $15.29 and a 12-month high of $34.99. The company's 50 day moving average is $30.46 and its 200-day moving average is $27.94.

Life Time Group (NYSE:LTH - Get Free Report) last issued 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 business had revenue of $706.04 million during 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 quarterly revenue was up 18.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.15 EPS. On average, sell-side analysts predict that Life Time Group Holdings, Inc. will post 0.74 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on LTH. Guggenheim increased their price objective on shares of Life Time Group from $32.00 to $36.00 and gave the company a "buy" rating in a report on Friday, February 28th. The Goldman Sachs Group increased their price objective on shares of Life Time Group from $22.00 to $32.00 and gave the company a "neutral" rating in a report on Monday, March 3rd. Royal Bank of Canada set a $35.00 target price on shares of Life Time Group and gave the stock a "buy" rating in a report on Thursday, February 27th. Wells Fargo & Company set a $28.00 target price on shares of Life Time Group and gave the stock a "hold" rating in a report on Thursday, February 27th. Finally, Morgan Stanley raised 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 report on Friday, May 9th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $35.92.

Life Time Group 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.