Quantbot Technologies LP Makes New $3.95 Million Investment in Life Time Group Holdings, Inc. (NYSE:LTH)

Quantbot Technologies LP bought a new position in Life Time Group Holdings, Inc. (NYSE:LTH) in the 3rd quarter, Holdings Channel reports. The firm bought 161,705 shares of the company’s stock, valued at approximately $3,949,000.

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

Insider Activity

In related news, CFO Erik Weaver sold 4,662 shares of Life Time Group 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 in the company, valued at approximately $1,963,412.08. This trade represents a 5.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Parham Javaheri sold 168,000 shares of Life Time Group 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 transaction, the executive vice president now owns 243,938 shares in the company, valued at approximately $5,993,556.66. The trade was a 40.78 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 12.50% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on LTH shares. The Goldman Sachs Group upped their target price on Life Time Group from $15.00 to $22.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Northland Securities increased their price objective on Life Time Group from $28.50 to $29.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Wells Fargo & Company increased their price objective 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. Royal Bank of Canada increased their price objective on Life Time Group from $20.00 to $27.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. Finally, Bank of America upped their target price on Life Time Group from $29.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $27.78.

Life Time Group Stock Performance

Shares of LTH stock opened at $24.62 on Wednesday. The company has a market capitalization of $5.10 billion, a P/E ratio of 35.68, a P/E/G ratio of 1.59 and a beta of 1.89. The business’s 50 day moving average is $24.43 and its two-hundred day moving average is $21.67. 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 released its earnings results on Thursday, October 24th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.01). The firm had revenue of $693.20 million during the quarter, compared to analysts’ expectations of $684.13 million. Life Time Group had a net margin of 5.67% and a return on equity of 6.42%. The business’s revenue was up 18.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.09 EPS. Analysts expect that Life Time Group Holdings, Inc. will post 0.56 EPS for the current fiscal year.

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.