Life Time Group Holdings, Inc. (NYSE:LTH) Shares Acquired by Point72 Asset Management L.P.

Point72 Asset Management L.P. increased its position in shares of Life Time Group Holdings, Inc. (NYSE:LTH) by 24.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 377,624 shares of the company’s stock after acquiring an additional 75,054 shares during the period. Point72 Asset Management L.P. owned approximately 0.19% of Life Time Group worth $7,111,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LTH. Vanguard Group Inc. grew its holdings in shares of Life Time Group by 35.2% in the 4th quarter. Vanguard Group Inc. now owns 6,401,206 shares of the company’s stock worth $96,530,000 after acquiring an additional 1,665,006 shares during the last quarter. Hood River Capital Management LLC increased its stake in Life Time Group by 3,657.9% in the 1st quarter. Hood River Capital Management LLC now owns 1,257,960 shares of the company’s stock worth $19,524,000 after purchasing an additional 1,224,485 shares in the last quarter. Wellington Management Group LLP acquired a new stake in Life Time Group during the 4th quarter worth about $14,544,000. Dimensional Fund Advisors LP lifted its stake in Life Time Group by 19.8% during the second quarter. Dimensional Fund Advisors LP now owns 4,658,902 shares of the company’s stock valued at $87,728,000 after buying an additional 770,766 shares in the last quarter. Finally, Millennium Management LLC lifted its stake in Life Time Group by 66.7% during the second quarter. Millennium Management LLC now owns 1,076,386 shares of the company’s stock valued at $20,268,000 after buying an additional 430,779 shares in the last quarter. 79.40% of the stock is currently owned by institutional investors.

Life Time Group Price Performance

Shares of LTH stock opened at $23.98 on Wednesday. The stock’s fifty day moving average is $23.44 and its 200-day moving average is $18.90. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.32 and a current ratio of 0.44. Life Time Group Holdings, Inc. has a 52 week low of $11.10 and a 52 week high of $25.75. The stock has a market capitalization of $4.77 billion, a PE ratio of 66.61, a PEG ratio of 3.18 and a beta of 1.87.

Life Time Group (NYSE:LTH) last issued its earnings results on Thursday, August 1st. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.10. Life Time Group had a net margin of 4.54% and a return on equity of 5.36%. The company had revenue of $667.80 million for the quarter, compared to analyst estimates of $634.92 million. During the same quarter last year, the firm earned $0.08 EPS. The company’s revenue for the quarter was up 18.9% on a year-over-year basis. Equities research analysts expect that Life Time Group Holdings, Inc. will post 0.56 EPS for the current fiscal year.

Insider Activity at Life Time Group

In other news, Director John G. Danhakl sold 3,575,000 shares of Life Time Group stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $20.88, for a total transaction of $74,646,000.00. Following the transaction, the director now owns 55,166,700 shares in the company, valued at approximately $1,151,880,696. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Life Time Group news, Director John G. Danhakl sold 3,575,000 shares of Life Time Group stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $20.88, for a total value of $74,646,000.00. Following the sale, the director now owns 55,166,700 shares of the company’s stock, valued at approximately $1,151,880,696. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Partners Group Private Equity sold 650,000 shares of the company’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $20.88, for a total value of $13,572,000.00. Following the transaction, the insider now directly owns 5,929,348 shares of the company’s stock, valued at $123,804,786.24. The disclosure for this sale can be found here. Corporate insiders own 12.50% of the company’s stock.

Wall Street Analyst Weigh In

LTH has been the topic of several research analyst reports. The Goldman Sachs Group lifted their price objective on shares of Life Time Group from $15.00 to $22.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Royal Bank of Canada upped their price target on Life Time Group from $20.00 to $27.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. Wells Fargo & Company raised their price objective on Life Time Group from $15.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 31st. Bank of America upped their target price on Life Time Group from $29.00 to $30.00 and gave the company a “buy” rating in a report on Friday, September 6th. Finally, Northland Securities raised their price target on shares of Life Time Group from $27.00 to $28.50 and gave the stock an “outperform” rating in a report on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $26.64.

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.