Point72 DIFC Ltd Takes $437,000 Position in Life Time Group Holdings, Inc. (NYSE:LTH)

Point72 DIFC Ltd bought a new position in Life Time Group Holdings, Inc. (NYSE:LTH) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 17,900 shares of the company’s stock, valued at approximately $437,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its holdings in Life Time Group by 105.8% during the third quarter. Farther Finance Advisors LLC now owns 1,762 shares of the company’s stock valued at $43,000 after acquiring an additional 906 shares during the period. Amalgamated Bank raised its stake in Life Time Group by 38.2% during the 2nd quarter. Amalgamated Bank now owns 2,036 shares of the company’s stock valued at $38,000 after purchasing an additional 563 shares during the period. Point72 Hong Kong Ltd purchased a new position in Life Time Group in the 3rd quarter worth approximately $60,000. Blue Trust Inc. lifted its holdings in Life Time Group by 345.5% in the 3rd quarter. Blue Trust Inc. now owns 2,940 shares of the company’s stock worth $72,000 after purchasing an additional 2,280 shares in the last quarter. Finally, Dnca Finance bought a new position in Life Time Group in the 2nd quarter worth approximately $72,000. Institutional investors own 79.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Northland Securities boosted their target price on shares of Life Time Group from $28.50 to $29.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Morgan Stanley boosted their price target on shares of Life Time Group from $21.00 to $29.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 16th. Evercore ISI started coverage on Life Time Group in a research report on Friday, November 22nd. They set an “outperform” rating and a $29.00 price objective for the company. Bank of America boosted their target price on Life Time Group from $29.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, September 6th. Finally, Wells Fargo & Company raised their price target on Life Time Group from $21.00 to $25.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. Three 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.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.78.

Insider Buying and Selling

In other news, EVP Parham Javaheri sold 168,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $24.57, for a total value of $4,127,760.00. Following the sale, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Erik Weaver sold 4,662 shares of the firm’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 value of $120,652.56. Following the sale, the chief financial officer now directly owns 75,866 shares of the company’s stock, valued at $1,963,412.08. This represents a 5.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.50% of the stock is currently owned by corporate insiders.

Life Time Group Stock Performance

NYSE LTH opened at $24.31 on Friday. The company has a market cap of $5.03 billion, a P/E ratio of 35.22, a P/E/G ratio of 1.55 and a beta of 1.88. The business’s 50 day moving average price is $24.34 and its 200-day moving average price is $22.03. Life Time Group Holdings, Inc. has a fifty-two week low of $11.89 and a fifty-two week high of $27.11. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.46 and a current ratio of 0.59.

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

About Life Time Group

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.