Bayesian Capital Management LP Sells 43,700 Shares of Life Time Group Holdings, Inc. (NYSE:LTH)

Bayesian Capital Management LP decreased its holdings in Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 76.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 13,744 shares of the company's stock after selling 43,700 shares during the quarter. Bayesian Capital Management LP's holdings in Life Time Group were worth $304,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Marshall Wace LLP boosted its stake in Life Time Group by 7,344.2% in the 4th quarter. Marshall Wace LLP now owns 1,361,032 shares of the company's stock worth $30,106,000 after purchasing an additional 1,342,749 shares during the period. Norges Bank acquired a new stake in shares of Life Time Group in the fourth quarter worth $19,198,000. American Century Companies Inc. grew its holdings in shares of Life Time Group by 61.9% during the fourth quarter. American Century Companies Inc. now owns 1,924,461 shares of the company's stock valued at $42,569,000 after buying an additional 735,682 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in Life Time Group by 45.8% during the fourth 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 period. Finally, Loomis Sayles & Co. L P lifted its stake in Life Time Group by 12.3% in the 4th 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. Institutional investors own 79.40% of the company's stock.

Life Time Group Stock Performance

LTH stock traded down $2.12 during midday trading on Friday, hitting $28.64. 3,213,711 shares of the company traded hands, compared to its average volume of 1,649,295. The business has a 50 day simple moving average of $30.48 and a 200-day simple moving average of $27.52. The company has a quick ratio of 0.46, a current ratio of 0.59 and a debt-to-equity ratio of 0.64. Life Time Group Holdings, Inc. has a twelve month low of $14.56 and a twelve month high of $34.99. The stock has a market capitalization of $6.13 billion, a price-to-earnings ratio of 41.51, a price-to-earnings-growth ratio of 0.81 and a beta of 1.86.

Life Time Group (NYSE:LTH - Get Free Report) last released its 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. The firm had revenue of $706.04 million during 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 was up 18.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.15 EPS. As a group, equities research analysts predict that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current year.

Analyst Upgrades and Downgrades

LTH has been the topic of a number of research reports. Morgan Stanley increased their price target 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. BMO Capital Markets set a $28.00 target price on shares of Life Time Group and gave the stock a "hold" rating in a research report on Friday, March 14th. Mizuho boosted 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. Craig Hallum increased their price objective on Life Time Group from $40.00 to $45.00 and gave the stock a "buy" rating in a report on Friday, February 28th. Finally, Evercore ISI set a $38.00 target price on Life Time Group and gave the company 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. According to data from MarketBeat.com, Life Time Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $35.92.

Insider Buying and Selling at Life Time Group

In other news, CEO Bahram Akradi sold 5,000,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was 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 directly owns 2,993,849 shares of the company's stock, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. 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.