Point72 Asset Management L.P. Increases Stake in Life Time Group Holdings, Inc. (NYSE:LTH)

Point72 Asset Management L.P. increased its position in Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 79.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,602,100 shares of the company's stock after purchasing an additional 711,443 shares during the quarter. Point72 Asset Management L.P. owned approximately 0.77% of Life Time Group worth $35,438,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its position 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 worth $114,809,000 after buying an additional 147,295 shares in the last quarter. Loomis Sayles & Co. L P lifted its stake 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 acquiring an additional 375,672 shares during the last quarter. Driehaus Capital Management LLC increased its holdings 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 during the period. Hood River Capital Management LLC increased its holdings 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 valued at $61,653,000 after acquiring an additional 64,613 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its stake 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 worth $45,082,000 after buying an additional 640,385 shares during the last quarter. Hedge funds and other institutional investors own 79.40% of the company's stock.

Insiders Place Their Bets

In other Life Time Group news, CEO Bahram Akradi sold 5,000,000 shares of the firm's stock in a transaction that occurred on 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 in the company, valued at approximately $90,204,670.37. This trade represents a 62.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 8.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

LTH has been the subject of a number of analyst reports. BMO Capital Markets set a $28.00 price target on Life Time Group and gave the company a "hold" rating in a research report on Friday, March 14th. Morgan Stanley raised their price target on Life Time Group from $33.00 to $34.00 and gave the stock an "equal weight" rating in a report on Friday, May 9th. Craig Hallum raised their price objective on shares of Life Time Group from $40.00 to $45.00 and gave the company a "buy" rating in a research report on Friday, February 28th. Bank of America set a $40.00 price target on shares of Life Time Group and gave the company a "buy" rating in a research report on Monday, March 3rd. Finally, Evercore ISI set a $38.00 price target on shares of Life Time Group and gave the company a "buy" rating in a research report on Thursday, February 27th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Life Time Group currently has a consensus rating of "Moderate Buy" and an average target price of $35.92.

Life Time Group Stock Down 0.5%

Shares of NYSE:LTH traded down $0.14 during midday trading on Tuesday, reaching $29.27. The company's stock had a trading volume of 1,385,609 shares, compared to its average volume of 1,681,262. The firm has a 50 day moving average of $30.49 and a 200-day moving average of $27.84. The firm has a market capitalization of $6.42 billion, a P/E ratio of 42.42, 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. 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 announced its quarterly earnings results on Thursday, May 8th. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.27 by $0.12. The firm had revenue of $706.04 million for 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 business's quarterly revenue was up 18.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.15 EPS. On average, research analysts anticipate that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current 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.