Jane Street Group LLC Acquires 108,283 Shares of Life Time Group Holdings, Inc. (NYSE:LTH)

Jane Street Group LLC increased its stake in Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 146.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 182,054 shares of the company's stock after acquiring an additional 108,283 shares during the quarter. Jane Street Group LLC owned about 0.09% of Life Time Group worth $4,446,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LTH. Dimensional Fund Advisors LP raised its holdings in Life Time Group by 19.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,658,902 shares of the company's stock worth $87,728,000 after purchasing an additional 770,766 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Life Time Group by 1.3% during the third quarter. Principal Financial Group Inc. now owns 3,646,372 shares of the company's stock worth $89,045,000 after buying an additional 46,710 shares during the period. Loomis Sayles & Co. L P raised its stake in Life Time Group by 33.1% during the third quarter. Loomis Sayles & Co. L P now owns 3,050,253 shares of the company's stock worth $74,487,000 after buying an additional 758,757 shares during the last quarter. Hood River Capital Management LLC lifted its holdings in Life Time Group by 44.0% in the second quarter. Hood River Capital Management LLC now owns 1,811,841 shares of the company's stock valued at $34,117,000 after buying an additional 553,881 shares during the period. Finally, State Street Corp lifted its holdings in Life Time Group by 14.1% in the third quarter. State Street Corp now owns 1,421,790 shares of the company's stock valued at $34,720,000 after buying an additional 176,154 shares during the period. 79.40% of the stock is owned by institutional investors and hedge funds.

Life Time Group Stock Down 5.7 %

NYSE LTH traded down $1.34 during mid-day trading on Wednesday, hitting $22.06. The company's stock had a trading volume of 1,407,219 shares, compared to its average volume of 1,112,184. The firm has a market capitalization of $4.57 billion, a price-to-earnings ratio of 31.97, a PEG ratio of 1.49 and a beta of 1.88. The company's 50 day simple moving average is $24.11 and its 200 day simple moving average is $22.52. 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 twelve month low of $11.89 and a twelve month high of $27.11.

Life Time Group (NYSE:LTH - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The company reported $0.19 earnings per share for the quarter, missing analysts' consensus estimates 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 business had revenue of $693.20 million during the quarter, compared to the consensus estimate of $684.13 million. During the same period last year, the business posted $0.09 earnings per share. The firm's quarterly revenue was up 18.5% on a year-over-year basis. Analysts anticipate that Life Time Group Holdings, Inc. will post 0.56 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on LTH. Wells Fargo & Company lifted their price objective on Life Time Group from $25.00 to $26.00 and gave the stock an "equal weight" rating in a research report on Tuesday. Morgan Stanley lifted their target price 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. 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. Northland Securities raised their price objective on shares of Life Time Group from $28.50 to $29.00 and gave the stock an "outperform" rating in a research report on Friday, October 25th. Finally, Evercore ISI initiated coverage on shares of Life Time Group in a research report on Friday, November 22nd. They set an "outperform" rating and a $29.00 target price on the stock. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $27.89.

Insider Buying and Selling at Life Time Group

In other news, CFO Erik Weaver sold 4,662 shares of the 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 sale, the chief financial officer now owns 75,866 shares in the company, valued at $1,963,412.08. This represents a 5.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Parham Javaheri sold 168,000 shares of the business's stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $24.57, for a total transaction 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. This trade represents a 40.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 12.50% of the company's stock.

About Life Time Group

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.