Quantbot Technologies LP Reduces Position in Life Time Group Holdings, Inc. (NYSE:LTH)

Quantbot Technologies LP trimmed its holdings in shares of Life Time Group Holdings, Inc. (NYSE:LTH) by 26.3% during the fourth quarter, Holdings Channel reports. The fund owned 119,121 shares of the company’s stock after selling 42,584 shares during the quarter. Quantbot Technologies LP’s holdings in Life Time Group were worth $2,635,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Summit Global Investments purchased a new stake in shares of Life Time Group during the fourth quarter worth about $480,000. Royce & Associates LP grew its stake in Life Time Group by 117.1% in the fourth quarter. Royce & Associates LP now owns 178,000 shares of the company’s stock worth $3,937,000 after purchasing an additional 96,000 shares in the last quarter. Natixis Advisors LLC grew its stake in Life Time Group by 4.7% in the fourth quarter. Natixis Advisors LLC now owns 35,974 shares of the company’s stock worth $796,000 after purchasing an additional 1,631 shares in the last quarter. Swiss National Bank grew its stake in Life Time Group by 21.2% in the fourth quarter. Swiss National Bank now owns 141,200 shares of the company’s stock worth $3,123,000 after purchasing an additional 24,700 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in Life Time Group in the fourth quarter worth about $1,210,000. 79.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on LTH. Guggenheim lifted their price target on Life Time Group from $32.00 to $36.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. Morgan Stanley lifted their price target on Life Time Group from $29.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Monday, February 24th. Oppenheimer lifted their price target on Life Time Group from $33.00 to $43.00 and gave the stock an “outperform” rating in a research note on Thursday, January 23rd. Craig Hallum lifted their price target on Life Time Group from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. Finally, Mizuho lifted their target price on Life Time Group from $38.00 to $41.00 and gave the company an “outperform” rating in a research note on Wednesday, March 5th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $33.86.

Life Time Group Stock Performance

Shares of LTH stock opened at $30.64 on Friday. Life Time Group Holdings, Inc. has a 12-month low of $12.34 and a 12-month high of $33.64. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.59 and a quick ratio of 0.46. The firm has a market capitalization of $6.42 billion, a price-to-earnings ratio of 44.40, a price-to-earnings-growth ratio of 0.81 and a beta of 1.93. The business has a 50 day simple moving average of $29.89 and a 200 day simple moving average of $26.00.

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 dated 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 transaction, the chief executive officer now owns 2,993,849 shares of the company’s stock, valued at approximately $90,204,670.37. This trade represents a 62.55 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Ritadhwaja Jebens Singh sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $25.00, for a total transaction of $625,000.00. Following the transaction, the executive vice president now directly owns 191,626 shares in the company, valued at approximately $4,790,650. The trade was a 11.54 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,082,147 shares of company stock worth $152,891,556. 12.50% of the stock is owned by company insiders.

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.