Quantbot Technologies LP Trims Stake in Life Time Group Holdings, Inc. (NYSE:LTH)

Quantbot Technologies LP lowered its position in Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 26.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 119,121 shares of the company's stock after selling 42,584 shares during the quarter. Quantbot Technologies LP owned about 0.06% of Life Time Group worth $2,635,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Lord Abbett & CO. LLC bought a new position in Life Time Group in the 3rd quarter worth about $31,575,000. Loomis Sayles & Co. L P increased its position in shares of Life Time Group by 33.1% in the third quarter. Loomis Sayles & Co. L P now owns 3,050,253 shares of the company's stock worth $74,487,000 after purchasing an additional 758,757 shares during the last quarter. Point72 Asset Management L.P. raised its stake in Life Time Group by 135.9% in the third quarter. Point72 Asset Management L.P. now owns 890,657 shares of the company's stock valued at $21,750,000 after purchasing an additional 513,033 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Life Time Group by 11.1% in the third quarter. JPMorgan Chase & Co. now owns 3,569,214 shares of the company's stock valued at $87,160,000 after purchasing an additional 356,255 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Life Time Group during the third quarter valued at approximately $5,131,000. Hedge funds and other institutional investors own 79.40% of the company's stock.

Insider Buying and Selling

In other news, CEO Bahram Akradi sold 5,000,000 shares of Life Time Group stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $30.13, for a total value of $150,650,000.00. Following the sale, the chief executive officer now directly owns 2,993,849 shares in the company, valued at approximately $90,204,670.37. This trade represents a 62.55 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Erik Weaver sold 1,741 shares of the business's stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $29.62, for a total value of $51,568.42. Following the transaction, the chief financial officer now directly owns 96,361 shares in the company, valued at $2,854,212.82. This trade represents a 1.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,082,147 shares of company stock valued at $152,891,556 over the last ninety days. 8.70% of the stock is owned by insiders.

Remove Ads

Life Time Group Trading Up 0.1 %

Life Time Group stock traded up $0.04 during trading hours on Thursday, reaching $31.77. The stock had a trading volume of 1,108,770 shares, compared to its average volume of 1,431,845. The stock has a market cap of $6.66 billion, a PE ratio of 46.04, a PEG ratio of 0.81 and a beta of 1.93. The company has a fifty day simple moving average of $30.35 and a 200-day simple moving average of $26.18. 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 52 week low of $12.34 and a 52 week high of $33.64.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on LTH. Mizuho raised their price objective on shares of Life Time Group from $38.00 to $41.00 and gave the company an "outperform" rating in a research report on Wednesday, March 5th. Morgan Stanley raised their price target on Life Time Group from $29.00 to $30.00 and gave the company an "equal weight" rating in a research report on Monday, February 24th. Guggenheim raised their price objective on Life Time Group from $32.00 to $36.00 and gave the company a "buy" rating in a report on Friday, February 28th. The Goldman Sachs Group boosted their target price on Life Time Group from $22.00 to $32.00 and gave the stock a "neutral" rating in a research report on Monday, March 3rd. Finally, Northland Securities set a $39.00 price target on shares of Life Time Group and gave the company a "buy" rating in a research report on Thursday, February 27th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $35.62.

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.