Point72 Asset Management L.P. Has $35.44 Million Holdings in Life Time Group Holdings, Inc. (NYSE:LTH)

Point72 Asset Management L.P. increased its position in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 79.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,602,100 shares of the company's stock after acquiring an additional 711,443 shares during the quarter. Point72 Asset Management L.P. owned about 0.77% of Life Time Group worth $35,438,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Kapitalo Investimentos Ltda bought a new stake in shares of Life Time Group during the fourth quarter worth $33,000. R Squared Ltd acquired a new position in Life Time Group in the 4th quarter worth $42,000. Sterling Capital Management LLC boosted its stake in Life Time Group by 892.6% in the 4th quarter. Sterling Capital Management LLC now owns 2,025 shares of the company's stock worth $45,000 after purchasing an additional 1,821 shares during the period. Quarry LP increased its holdings in Life Time Group by 240.4% during the 4th quarter. Quarry LP now owns 2,335 shares of the company's stock worth $52,000 after purchasing an additional 1,649 shares in the last quarter. Finally, Dnca Finance raised its stake in shares of Life Time Group by 11.9% in the 4th quarter. Dnca Finance now owns 3,830 shares of the company's stock valued at $85,000 after purchasing an additional 407 shares during the period. Institutional investors own 79.40% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Royal Bank of Canada set a $35.00 price objective on shares of Life Time Group and gave the stock a "buy" rating in a research report on Thursday, February 27th. Craig Hallum lifted their price target on shares of Life Time Group from $40.00 to $45.00 and gave the company a "buy" rating in a research note on Friday, February 28th. Deutsche Bank Aktiengesellschaft set a $36.00 price objective on shares of Life Time Group and gave the stock a "buy" rating in a research note on Monday, March 3rd. Morgan Stanley raised their price objective on Life Time Group from $33.00 to $34.00 and gave the company an "equal weight" rating in a report on Friday, May 9th. Finally, Mizuho upped their target price on Life Time Group from $38.00 to $41.00 and gave the stock an "outperform" rating in a report on Wednesday, March 5th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, Life Time Group currently has an average rating of "Moderate Buy" and an average price target of $35.92.

Life Time Group Price Performance

Shares of LTH traded up $0.24 during midday trading on Thursday, hitting $28.79. The company's stock had a trading volume of 393,008 shares, compared to its average volume of 1,678,547. 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 one year low of $15.29 and a one year high of $34.99. The stock has a market capitalization of $6.32 billion, a price-to-earnings ratio of 41.80, a price-to-earnings-growth ratio of 0.81 and a beta of 1.86. The company's fifty day simple moving average is $30.52 and its two-hundred day simple moving average is $27.86.

Life Time Group (NYSE:LTH - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.39 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $684.06 million. During the same quarter in the previous year, the firm earned $0.15 earnings per share. The business's quarterly revenue was up 18.3% on a year-over-year basis. As a group, equities analysts expect that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current fiscal year.

Insider Transactions at Life Time Group

In related 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 value of $150,650,000.00. Following the completion of the transaction, the chief executive officer now owns 2,993,849 shares in the company, valued at $90,204,670.37. This trade represents a 62.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 8.70% of the company's stock.

Life Time Group 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.