MSD Partners L.P. Decreases Stock Position in Life Time Group Holdings, Inc. (NYSE:LTH)

MSD Partners L.P. decreased its holdings in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 95.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,264 shares of the company's stock after selling 219,743 shares during the period. Life Time Group comprises approximately 0.2% of MSD Partners L.P.'s holdings, making the stock its 13th largest position. MSD Partners L.P.'s holdings in Life Time Group were worth $251,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of LTH. PDT Partners LLC increased its holdings in shares of Life Time Group by 22.2% in the third quarter. PDT Partners LLC now owns 85,783 shares of the company's stock worth $2,095,000 after purchasing an additional 15,587 shares during the last quarter. Walleye Capital LLC purchased a new position in Life Time Group during the 3rd quarter valued at approximately $1,129,000. FORA Capital LLC bought a new stake in Life Time Group in the 3rd quarter worth approximately $840,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Life Time Group during the 3rd quarter valued at approximately $5,131,000. Finally, FMR LLC boosted its position in shares of Life Time Group by 268.2% during the 3rd quarter. FMR LLC now owns 5,011 shares of the company's stock valued at $122,000 after acquiring an additional 3,650 shares during the last quarter. 79.40% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on LTH shares. Bank of America increased their price target on shares of Life Time Group from $29.00 to $30.00 and gave the company a "buy" rating in a report on Friday, September 6th. Evercore ISI began coverage on Life Time Group in a report on Friday, November 22nd. They issued an "outperform" rating and a $29.00 target price for the company. Wells Fargo & Company increased their price target 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. Northland Securities lifted 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 note on Friday, October 25th. Finally, Morgan Stanley increased their target price on shares of Life Time Group from $21.00 to $29.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 16th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, Life Time Group has an average rating of "Moderate Buy" and an average target price of $27.78.

Life Time Group Price Performance

LTH traded up $0.21 on Friday, reaching $24.27. 531,712 shares of the company's stock were exchanged, compared to its average volume of 1,070,230. Life Time Group Holdings, Inc. has a twelve month low of $11.89 and a twelve month high of $27.11. The stock has a market cap of $5.02 billion, a PE ratio of 35.17, a P/E/G ratio of 1.56 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. The stock's fifty day moving average price is $24.39 and its 200-day moving average price is $21.82.

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 (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.01). Life Time Group had a return on equity of 6.42% and a net margin of 5.67%. The firm had revenue of $693.20 million for the quarter, compared to analyst estimates of $684.13 million. During the same quarter in the previous year, the business posted $0.09 earnings per share. Life Time Group's revenue for the quarter was up 18.5% on a year-over-year basis. Sell-side analysts expect that Life Time Group Holdings, Inc. will post 0.56 EPS for the current year.

Insider Buying and Selling at Life Time Group

In related news, EVP Parham Javaheri sold 168,000 shares of the 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 transaction, the executive vice president now owns 243,938 shares of the company's stock, valued at $5,993,556.66. This represents a 40.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 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 value of $120,652.56. Following the sale, the chief financial officer now owns 75,866 shares of the company's stock, valued at approximately $1,963,412.08. The trade was a 5.79 % decrease in their position. The disclosure for this sale can be found here. 12.50% of the stock is currently owned by corporate insiders.

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.