Voloridge Investment Management LLC lessened its holdings in Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 30.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 438,017 shares of the company's stock after selling 193,690 shares during the period. Voloridge Investment Management LLC owned approximately 0.21% of Life Time Group worth $9,689,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of the company. Dimensional Fund Advisors LP increased its stake in Life Time Group by 2.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,190,447 shares of the company's stock valued at $114,809,000 after buying an additional 147,295 shares during the last quarter. Loomis Sayles & Co. L P raised its holdings in shares of Life Time Group by 12.3% during the 4th quarter. Loomis Sayles & Co. L P now owns 3,425,925 shares of the company's stock worth $75,781,000 after buying an additional 375,672 shares in the last quarter. Driehaus Capital Management LLC increased its position in Life Time Group by 5.2% during the 4th quarter. Driehaus Capital Management LLC now owns 2,955,669 shares of the company's stock worth $65,379,000 after purchasing an additional 145,002 shares in the last quarter. Hood River Capital Management LLC increased its position in Life Time Group by 2.4% in the 4th quarter. Hood River Capital Management LLC now owns 2,787,210 shares of the company's stock valued at $61,653,000 after acquiring an additional 64,613 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its position in Life Time Group by 45.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,038,064 shares of the company's stock valued at $45,082,000 after acquiring an additional 640,385 shares during the period. Institutional investors and hedge funds own 79.40% of the company's stock.
Life Time Group Price Performance
NYSE:LTH traded down $0.29 during midday trading on Friday, hitting $28.48. 412,628 shares of the stock were exchanged, compared to its average volume of 1,692,041. Life Time Group Holdings, Inc. has a one year low of $15.64 and a one year high of $34.99. The company has a market capitalization of $6.25 billion, a price-to-earnings ratio of 41.57, a P/E/G ratio of 0.81 and a beta of 1.86. The business has a 50-day moving average price of $30.26 and a two-hundred day moving average price of $28.06. The company has a current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 0.64.
Life Time Group (NYSE:LTH - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.27 by $0.12. The firm had revenue of $706.04 million during 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%. Life Time Group's revenue for the quarter was up 18.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.15 earnings per share. Sell-side analysts predict that Life Time Group Holdings, Inc. will post 0.74 EPS for the current year.
Analyst Ratings Changes
Several brokerages have recently commented on LTH. Guggenheim increased their target price 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. 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 note on Thursday, February 27th. The Goldman Sachs Group lifted their target price on shares of Life Time Group from $22.00 to $32.00 and gave the stock a "neutral" rating in a research note on Monday, March 3rd. Mizuho upped their price target 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. Finally, Deutsche Bank Aktiengesellschaft set a $36.00 target price on shares of Life Time Group and gave the company a "buy" rating in a research note on Monday, March 3rd. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $35.92.
View Our Latest Research Report on Life Time Group
Life Time Group Company Profile
(
Free Report)
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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