Life Time Group Holdings, Inc. (NYSE:LTH) Shares Purchased by Point72 Asset Management L.P.

Point72 Asset Management L.P. grew its position in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 135.9% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 890,657 shares of the company's stock after purchasing an additional 513,033 shares during the period. Point72 Asset Management L.P. owned approximately 0.43% of Life Time Group worth $21,750,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its holdings in 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 acquiring an additional 1,866 shares during the period. SG Americas Securities LLC purchased a new position in shares of Life Time Group in the second quarter valued at approximately $141,000. Dnca Finance purchased a new stake in Life Time Group during the 2nd quarter worth approximately $72,000. Bank of New York Mellon Corp increased its stake in Life Time Group by 31.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 262,760 shares of the company's stock worth $4,948,000 after buying an additional 62,466 shares during the period. Finally, Braun Stacey Associates Inc. purchased a new position in Life Time Group in the 2nd quarter valued at approximately $7,486,000. 79.40% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Insider Activity

In other Life Time Group news, CFO Erik Weaver sold 4,662 shares of Life Time Group stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $25.88, for a total value of $120,652.56. Following the transaction, the chief financial officer now directly owns 75,866 shares in the company, valued at approximately $1,963,412.08. The trade was a 5.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Parham Javaheri sold 168,000 shares of the company's stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $24.57, for a total transaction of $4,127,760.00. Following the completion of the sale, the executive vice president now directly owns 243,938 shares of the company's stock, valued at $5,993,556.66. The trade was a 40.78 % 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.

Life Time Group Stock Down 0.4 %

NYSE:LTH traded down $0.09 during midday trading on Friday, hitting $24.31. 531,488 shares of the company were exchanged, compared to its average volume of 1,108,694. 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 fifty-two week low of $11.89 and a fifty-two week high of $27.11. The company has a market capitalization of $5.03 billion, a PE ratio of 35.22, a price-to-earnings-growth ratio of 1.55 and a beta of 1.88. The company has a fifty day simple moving average of $24.34 and a 200 day simple moving average of $22.03.

Life Time Group (NYSE:LTH - Get Free Report) last posted its earnings results on Thursday, October 24th. The company reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.01). The firm had revenue of $693.20 million for 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 for the quarter was up 18.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.09 EPS. As a group, equities analysts anticipate that Life Time Group Holdings, Inc. will post 0.56 earnings per share for the current fiscal year.

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.