Quadrature Capital Ltd Makes New $697,000 Investment in Life Time Group Holdings, Inc. (NYSE:LTH)

Quadrature Capital Ltd purchased a new position in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 28,559 shares of the company's stock, valued at approximately $697,000.

Other institutional investors also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its position in shares of Life Time Group by 17.1% during 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 in the last quarter. SG Americas Securities LLC purchased a new position in Life Time Group during the second quarter valued at $141,000. Bank of New York Mellon Corp grew its position in shares of Life Time Group by 31.2% in the second quarter. Bank of New York Mellon Corp now owns 262,760 shares of the company's stock valued at $4,948,000 after purchasing an additional 62,466 shares during the period. Braun Stacey Associates Inc. purchased a new stake in shares of Life Time Group during the second quarter worth about $7,486,000. Finally, Rhumbline Advisers raised its position in shares of Life Time Group by 32.7% during the 2nd quarter. Rhumbline Advisers now owns 92,669 shares of the company's stock worth $1,745,000 after purchasing an additional 22,836 shares during the last quarter. 79.40% of the stock is owned by institutional investors and hedge funds.

Life Time Group Trading Down 0.3 %

Life Time Group stock traded down $0.08 during midday trading on Friday, hitting $24.32. 531,489 shares of the stock were exchanged, compared to its average volume of 1,067,746. The company has a current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $5.03 billion, a price-to-earnings ratio of 35.25, a PEG ratio of 1.58 and a beta of 1.88. The stock's 50-day simple moving average is $24.34 and its 200 day simple moving average is $22.13. Life Time Group Holdings, Inc. has a fifty-two week low of $11.89 and a fifty-two week high of $27.11.

Life Time Group (NYSE:LTH - Get Free Report) last released its quarterly 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 firm had revenue of $693.20 million for 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 firm's quarterly revenue was up 18.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.09 EPS. On average, equities analysts anticipate that Life Time Group Holdings, Inc. will post 0.56 EPS for the current year.

Insider Activity

In related news, EVP Parham Javaheri sold 168,000 shares of the business's 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 sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Erik Weaver sold 4,662 shares of Life Time Group stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $25.88, for a total value of $120,652.56. Following the completion of the transaction, the chief financial officer now directly 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 disclosure for this sale can be found here. Corporate insiders own 12.50% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on LTH shares. Morgan Stanley lifted their price objective on Life Time Group from $21.00 to $29.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 16th. Northland Securities boosted their price target on Life Time Group from $28.50 to $29.00 and gave the stock an "outperform" rating in a research report on Friday, October 25th. Evercore ISI assumed coverage on Life Time Group in a research note on Friday, November 22nd. They issued an "outperform" rating and a $29.00 price objective for the company. Wells Fargo & Company lifted their target price on shares of Life Time Group from $21.00 to $25.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 16th. Finally, Bank of America increased their target price on shares of Life Time Group from $29.00 to $30.00 and gave the company a "buy" rating in a research report 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 data from MarketBeat, Life Time Group has a consensus rating of "Moderate Buy" and an average 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.