Occudo Quantitative Strategies LP Cuts Stake in Life Time Group Holdings, Inc. (NYSE:LTH)

Occudo Quantitative Strategies LP lowered its position in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 82.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,378 shares of the company's stock after selling 83,863 shares during the period. Occudo Quantitative Strategies LP's holdings in Life Time Group were worth $407,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Barclays PLC grew its position in Life Time Group by 119.0% in the third quarter. Barclays PLC now owns 248,698 shares of the company's stock worth $6,073,000 after acquiring an additional 135,116 shares in the last quarter. Franklin Resources Inc. purchased a new position in shares of Life Time Group in the 3rd quarter worth about $593,000. Park Avenue Securities LLC purchased a new position in shares of Life Time Group in the 4th quarter worth about $542,000. R Squared Ltd bought a new position in shares of Life Time Group during the 4th quarter valued at about $42,000. Finally, Precision Wealth Strategies LLC purchased a new position in shares of Life Time Group during the 4th quarter valued at about $387,000. Institutional investors own 79.40% of the company's stock.

Insider Buying and Selling

In related news, CEO Bahram Akradi sold 5,000,000 shares of the business's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $30.13, for a total transaction 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 8.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts have issued reports on the company. BMO Capital Markets set a $28.00 target price on Life Time Group and gave the stock a "hold" rating in a research note on Friday, March 14th. Royal Bank of Canada set a $35.00 target price on shares of Life Time Group and gave the company a "buy" rating in a report on Thursday, February 27th. Craig Hallum lifted 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. The Goldman Sachs Group lifted their price target on Life Time Group from $22.00 to $32.00 and gave the stock a "neutral" rating in a research note on Monday, March 3rd. Finally, Wells Fargo & Company set a $28.00 target price on shares of Life Time Group and gave the stock a "hold" rating in a research note on Thursday, February 27th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $35.92.

Life Time Group Stock Down 1.0%

Shares of NYSE:LTH traded down $0.30 during trading on Wednesday, hitting $29.00. The stock had a trading volume of 293,774 shares, compared to its average volume of 1,675,818. The company has a market capitalization of $6.36 billion, a PE ratio of 42.03, a PEG ratio of 0.81 and a beta of 1.86. The company has a quick ratio of 0.46, a current ratio of 0.59 and a debt-to-equity ratio of 0.64. The firm's fifty day moving average is $30.52 and its 200 day moving average is $27.85. Life Time Group Holdings, Inc. has a 12 month low of $15.19 and a 12 month high of $34.99.

Life Time Group (NYSE:LTH - Get Free Report) last posted 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. Life Time Group had a return on equity of 6.42% and a net margin of 5.67%. The business had revenue of $706.04 million during the quarter, compared to the consensus estimate of $684.06 million. During the same quarter in the prior year, the company earned $0.15 earnings per share. The firm's quarterly revenue was up 18.3% compared to the same quarter last year. Analysts anticipate that Life Time Group Holdings, Inc. will post 0.74 EPS for the current fiscal year.

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.