Quantbot Technologies LP Buys Shares of 161,705 Life Time Group Holdings, Inc. (NYSE:LTH)

Quantbot Technologies LP acquired a new stake in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 161,705 shares of the company's stock, valued at approximately $3,949,000. Quantbot Technologies LP owned about 0.08% of Life Time Group at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. American Century Companies Inc. raised its holdings in Life Time Group by 402.6% during the second quarter. American Century Companies Inc. now owns 104,431 shares of the company's stock valued at $1,966,000 after buying an additional 83,654 shares in the last quarter. Quest Partners LLC bought a new position in shares of Life Time Group in the second quarter worth about $549,000. Farther Finance Advisors LLC increased its stake in shares of Life Time Group by 105.8% in the third quarter. Farther Finance Advisors LLC now owns 1,762 shares of the company's stock worth $43,000 after purchasing an additional 906 shares during the period. Point72 Asset Management L.P. increased its stake in shares of Life Time Group by 24.8% in the second quarter. Point72 Asset Management L.P. now owns 377,624 shares of the company's stock worth $7,111,000 after purchasing an additional 75,054 shares during the period. Finally, Peregrine Asset Advisers Inc. bought a new position in shares of Life Time Group in the second quarter worth about $3,134,000. Institutional investors and hedge funds own 79.40% of the company's stock.

Life Time Group Price Performance

Shares of LTH traded down $0.45 on Wednesday, hitting $24.17. The company's stock had a trading volume of 295,319 shares, compared to its average volume of 1,112,058. The company has a market capitalization of $5.00 billion, a PE ratio of 35.68, a PEG ratio of 1.59 and a beta of 1.89. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.59 and a quick ratio of 0.46. 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 50 day moving average price of $24.43 and a 200 day moving average price of $21.67.

Life Time Group (NYSE:LTH - Get Free Report) last announced its earnings results on Thursday, October 24th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.01). The business had revenue of $693.20 million during the quarter, compared to analyst estimates of $684.13 million. Life Time Group had a return on equity of 6.42% and a net margin of 5.67%. The firm's revenue was up 18.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.09 earnings per share. On average, research analysts anticipate that Life Time Group Holdings, Inc. will post 0.56 earnings per share for the current fiscal year.

Insider Transactions at Life Time Group

In related news, EVP Parham Javaheri sold 168,000 shares of the business's stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $24.57, for a total value of $4,127,760.00. Following the completion of the transaction, the executive vice president now owns 243,938 shares in the company, valued at $5,993,556.66. The trade was a 40.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Erik Weaver sold 4,662 shares of the business'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 transaction of $120,652.56. Following the completion of the transaction, the chief financial officer now owns 75,866 shares of the company's stock, valued at $1,963,412.08. This trade represents a 5.79 % decrease in their position. The disclosure for this sale can be found here. 12.50% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on LTH shares. The Goldman Sachs Group lifted their price objective on Life Time Group from $15.00 to $22.00 and gave the stock a "neutral" rating in a research note on Friday, August 2nd. Evercore ISI started coverage on Life Time Group in a research note on Friday, November 22nd. They issued an "outperform" rating and a $29.00 price objective on the stock. Royal Bank of Canada lifted their price objective on Life Time Group from $20.00 to $27.00 and gave the stock an "outperform" rating in a research note on Friday, August 2nd. Wells Fargo & Company boosted their price target on Life Time Group from $21.00 to $25.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 16th. Finally, Bank of America boosted their price target on Life Time Group from $29.00 to $30.00 and gave the company a "buy" rating in a research note on Friday, September 6th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $27.78.

Life Time Group 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.