161,705 Shares in Life Time Group Holdings, Inc. (NYSE:LTH) Purchased by Quantbot Technologies LP

Quantbot Technologies LP acquired a new position in Life Time Group Holdings, Inc. (NYSE:LTH) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 161,705 shares of the company’s stock, valued at approximately $3,949,000. Quantbot Technologies LP owned approximately 0.08% of Life Time Group as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the business. The Manufacturers Life Insurance Company increased its holdings in Life Time Group by 15.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 43,298 shares of the company’s stock worth $1,057,000 after buying an additional 5,928 shares in the last quarter. Loomis Sayles & Co. L P increased its holdings in Life Time Group by 33.1% in the 3rd quarter. Loomis Sayles & Co. L P now owns 3,050,253 shares of the company’s stock worth $74,487,000 after buying an additional 758,757 shares in the last quarter. Alpha DNA Investment Management LLC bought a new stake in Life Time Group in the 3rd quarter worth about $473,000. Algert Global LLC increased its holdings in Life Time Group by 7.0% in the 3rd quarter. Algert Global LLC now owns 202,263 shares of the company’s stock worth $4,939,000 after buying an additional 13,307 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Life Time Group by 20.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 586,841 shares of the company’s stock worth $14,331,000 after buying an additional 100,022 shares in the last quarter. 79.40% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CFO Erik Weaver sold 4,662 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $25.88, for a total transaction of $120,652.56. Following the transaction, the chief financial officer now owns 75,866 shares of the company’s stock, valued at approximately $1,963,412.08. The trade was a 5.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Parham Javaheri sold 168,000 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $24.57, for a total value of $4,127,760.00. Following the transaction, the executive vice president now directly owns 243,938 shares in the company, valued at approximately $5,993,556.66. This represents a 40.78 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 12.50% of the company’s stock.

Life Time Group Stock Down 0.3 %

Shares of LTH opened at $24.62 on Wednesday. The business’s 50 day moving average is $24.43 and its 200 day moving average is $21.67. The company has a market capitalization of $5.10 billion, a PE ratio of 35.68, a price-to-earnings-growth ratio of 1.59 and a beta of 1.89. Life Time Group Holdings, Inc. has a 12-month low of $11.89 and a 12-month high of $27.11. The company has a current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 0.64.

Life Time Group (NYSE:LTH) last issued its earnings results on Thursday, October 24th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.01). Life Time Group had a net margin of 5.67% and a return on equity of 6.42%. The business had revenue of $693.20 million for the quarter, compared to the consensus estimate of $684.13 million. During the same period last year, the business posted $0.09 EPS. The firm’s revenue for the quarter was up 18.5% compared to the same quarter last year. Research analysts expect that Life Time Group Holdings, Inc. will post 0.56 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have issued reports on LTH. Northland Securities raised their target price on Life Time Group from $28.50 to $29.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Evercore ISI began coverage on Life Time Group in a research report on Friday, November 22nd. They issued an “outperform” rating and a $29.00 target price on the stock. Morgan Stanley raised their target price on Life Time Group from $21.00 to $29.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 16th. Wells Fargo & Company raised their target price on Life Time Group from $21.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 16th. Finally, The Goldman Sachs Group raised their target price on Life Time Group from $15.00 to $22.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $27.78.

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.