Gotham Asset Management LLC Purchases 90,169 Shares of Life Time Group Holdings, Inc. (NYSE:LTH)

Gotham Asset Management LLC boosted its holdings in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 183.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 139,196 shares of the company's stock after acquiring an additional 90,169 shares during the period. Gotham Asset Management LLC owned 0.07% of Life Time Group worth $3,079,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in LTH. Dimensional Fund Advisors LP raised its holdings in Life Time Group by 2.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,190,447 shares of the company's stock valued at $114,809,000 after acquiring an additional 147,295 shares in the last quarter. Loomis Sayles & Co. L P raised its position in Life Time Group by 12.3% in the fourth quarter. Loomis Sayles & Co. L P now owns 3,425,925 shares of the company's stock worth $75,781,000 after acquiring an additional 375,672 shares in the last quarter. Driehaus Capital Management LLC increased its holdings in Life Time Group by 5.2% in the fourth quarter. Driehaus Capital Management LLC now owns 2,955,669 shares of the company's stock valued at $65,379,000 after buying an additional 145,002 shares in the last quarter. Hood River Capital Management LLC boosted its position in shares of 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 worth $61,653,000 after buying an additional 64,613 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in Life Time Group by 45.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,038,064 shares of the company's stock valued at $45,082,000 after buying an additional 640,385 shares during the last quarter. Institutional investors and hedge funds own 79.40% of the company's stock.

Analysts Set New Price Targets

LTH has been the subject of several research analyst reports. Wells Fargo & Company set a $28.00 price target on shares of Life Time Group and gave the stock a "hold" rating in a research report on Thursday, February 27th. Mizuho raised their price target on shares of Life Time Group from $38.00 to $41.00 and gave the company an "outperform" rating in a report on Wednesday, March 5th. Morgan Stanley increased their target price on Life Time Group from $33.00 to $34.00 and gave the company an "equal weight" rating in a research note on Friday, May 9th. Northland Securities set a $39.00 price target on Life Time Group and gave the company a "buy" rating in a report on Thursday, February 27th. Finally, Royal Bank of Canada set a $35.00 price objective on Life Time Group and gave the stock a "buy" rating in a research note on Thursday, February 27th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $35.92.

Life Time Group Stock Performance

Shares of LTH traded down $0.33 during midday trading on Wednesday, reaching $28.98. The stock had a trading volume of 181,856 shares, compared to its average volume of 1,675,385. The firm has a market cap of $6.36 billion, a PE ratio of 42.00, a P/E/G ratio of 0.81 and a beta of 1.86. The firm has a 50 day simple moving average of $30.52 and a 200-day simple moving average of $27.85. Life Time Group Holdings, Inc. has a one year low of $15.19 and a one year high of $34.99. 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 announced its quarterly earnings results on Thursday, May 8th. The company reported $0.39 earnings per share for the quarter, topping analysts' consensus estimates of $0.27 by $0.12. Life Time Group had a return on equity of 6.42% and a net margin of 5.67%. The firm had revenue of $706.04 million for the quarter, compared to the consensus estimate of $684.06 million. During the same quarter in the previous year, the business earned $0.15 earnings per share. The business's revenue was up 18.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Life Time Group Holdings, Inc. will post 0.74 EPS for the current year.

Insider Activity at Life Time Group

In related news, CEO Bahram Akradi sold 5,000,000 shares of the company's 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 transaction, the chief executive officer now directly owns 2,993,849 shares in the company, valued at approximately $90,204,670.37. This represents a 62.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 8.70% of the stock is owned by company insiders.

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.