125,805 Shares in Life Time Group Holdings, Inc. $LTH Purchased by Quantbot Technologies LP

Quantbot Technologies LP bought a new stake in Life Time Group Holdings, Inc. (NYSE:LTH) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 125,805 shares of the company’s stock, valued at approximately $3,472,000. Quantbot Technologies LP owned about 0.06% of Life Time Group at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. EverSource Wealth Advisors LLC raised its stake in shares of Life Time Group by 201.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,499 shares of the company’s stock valued at $45,000 after acquiring an additional 1,002 shares during the period. Nisa Investment Advisors LLC increased its holdings in Life Time Group by 98.9% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,506 shares of the company’s stock valued at $46,000 after purchasing an additional 749 shares during the last quarter. Steward Partners Investment Advisory LLC raised its position in Life Time Group by 2,741.7% in the second quarter. Steward Partners Investment Advisory LLC now owns 1,705 shares of the company’s stock valued at $52,000 after purchasing an additional 1,645 shares during the period. Asset Management One Co. Ltd. acquired a new position in Life Time Group during the third quarter worth $69,000. Finally, SBI Securities Co. Ltd. lifted its stake in Life Time Group by 19.6% during the third quarter. SBI Securities Co. Ltd. now owns 4,222 shares of the company’s stock worth $117,000 after purchasing an additional 693 shares in the last quarter. Hedge funds and other institutional investors own 79.40% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on LTH. Guggenheim reaffirmed a “buy” rating and issued a $36.00 price objective on shares of Life Time Group in a research note on Friday, January 23rd. Morgan Stanley lifted their target price on Life Time Group from $37.00 to $38.00 and gave the company an “overweight” rating in a research report on Monday, February 23rd. Northland Securities set a $42.00 price target on shares of Life Time Group in a research report on Friday, January 23rd. Weiss Ratings reissued a “hold (c+)” rating on shares of Life Time Group in a research note on Thursday, January 22nd. Finally, Zacks Research downgraded shares of Life Time Group from a “hold” rating to a “strong sell” rating in a research note on Monday, January 26th. Five investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $39.71.

Insiders Place Their Bets

In other news, EVP Ritadhwaja Jebens Singh sold 5,880 shares of the firm’s stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $30.31, for a total value of $178,222.80. Following the sale, the executive vice president directly owned 102,144 shares in the company, valued at approximately $3,095,984.64. This trade represents a 5.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Erik Weaver sold 1,493 shares of the stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $29.90, for a total value of $44,640.70. Following the completion of the transaction, the chief financial officer directly owned 77,771 shares in the company, valued at $2,325,352.90. This trade represents a 1.88% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 19,461 shares of company stock worth $582,482 over the last 90 days. Company insiders own 8.70% of the company’s stock.

Life Time Group Stock Performance

Shares of LTH opened at $26.44 on Tuesday. The stock has a 50-day simple moving average of $28.13 and a 200-day simple moving average of $27.26. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.52 and a current ratio of 0.63. The stock has a market capitalization of $5.86 billion, a PE ratio of 15.93, a PEG ratio of 1.22 and a beta of 1.68. Life Time Group Holdings, Inc. has a 1 year low of $24.14 and a 1 year high of $34.99.

Life Time Group (NYSE:LTH) last released its earnings results on Tuesday, February 24th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.01. Life Time Group had a net margin of 12.51% and a return on equity of 10.20%. The firm had revenue of $745.10 million for the quarter, compared to analyst estimates of $740.09 million. During the same period in the prior year, the firm earned $0.27 earnings per share. The business’s quarterly revenue was up 12.3% compared to the same quarter last year. On average, analysts predict that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current fiscal year.

About Life Time Group

Life Time Group (NYSE: LTH) is a premier operator of health, fitness and lifestyle centers across North America. The company’s core business encompasses the development, ownership and management of premium athletic resorts that integrate state-of-the-art fitness facilities, group exercise studios, indoor and outdoor pools, running tracks, and spa and salon services. In addition to its brick-and-mortar clubs, Life Time offers a digital platform featuring on-demand and live-streamed workouts, personalized training programs and nutrition guidance, enabling members to pursue their wellness goals both at home and on the go.

Founded in 1992 and headquartered in Chanhassen, Minnesota, Life Time has grown from a single Minnesota health club into a network of more than 160 locations across the United States and Canada.