28,559 Shares in Life Time Group Holdings, Inc. (NYSE:LTH) Acquired by Quadrature Capital Ltd

Quadrature Capital Ltd bought a new stake in Life Time Group Holdings, Inc. (NYSE:LTH) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 28,559 shares of the company’s stock, valued at approximately $697,000.

Other large investors also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD raised its holdings in shares of Life Time Group by 17.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,769 shares of the company’s stock valued at $199,000 after buying an additional 1,866 shares during the period. SG Americas Securities LLC purchased a new stake in Life Time Group during the second quarter worth about $141,000. Bank of New York Mellon Corp lifted its position in shares of Life Time Group by 31.2% during the second quarter. Bank of New York Mellon Corp now owns 262,760 shares of the company’s stock worth $4,948,000 after purchasing an additional 62,466 shares in the last quarter. Braun Stacey Associates Inc. purchased a new position in shares of Life Time Group in the second quarter valued at approximately $7,486,000. Finally, Rhumbline Advisers grew its holdings in shares of Life Time Group by 32.7% in the second quarter. Rhumbline Advisers now owns 92,669 shares of the company’s stock valued at $1,745,000 after purchasing an additional 22,836 shares in the last quarter. 79.40% of the stock is currently owned by institutional investors and hedge funds.

Life Time Group Stock Performance

Shares of LTH opened at $24.32 on Friday. The firm has a market cap of $5.03 billion, a PE ratio of 35.25, a price-to-earnings-growth ratio of 1.58 and a beta of 1.88. The company’s 50 day simple moving average is $24.34 and its 200-day simple moving average is $22.13. 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 Holdings, Inc. has a 12-month low of $11.89 and a 12-month high of $27.11.

Life Time Group (NYSE:LTH) last issued its quarterly 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 company had revenue of $693.20 million during the quarter, compared to analyst estimates of $684.13 million. During the same quarter last year, the firm earned $0.09 EPS. The business’s revenue was up 18.5% on a year-over-year basis. As a group, equities analysts predict that Life Time Group Holdings, Inc. will post 0.56 EPS for the current year.

Insiders Place Their Bets

In other Life Time Group news, CFO Erik Weaver sold 4,662 shares of the company’s stock in a transaction 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 owns 75,866 shares of the company’s stock, valued at approximately $1,963,412.08. This represents a 5.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Parham Javaheri sold 168,000 shares of Life Time Group stock in a transaction 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 transaction, the executive vice president now directly owns 243,938 shares of the company’s stock, valued at $5,993,556.66. This trade represents a 40.78 % decrease in their position. The disclosure for this sale can be found here. 12.50% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on LTH shares. Morgan Stanley raised their price target on shares of Life Time Group from $21.00 to $29.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 16th. Northland Securities boosted their target price on Life Time Group from $28.50 to $29.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Bank of America increased their price target on Life Time Group from $29.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, September 6th. Wells Fargo & Company boosted their price objective 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, Evercore ISI assumed coverage on shares of Life Time Group in a report on Friday, November 22nd. They issued an “outperform” rating and a $29.00 target price on the stock. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.