Verition Fund Management LLC Sells 92,860 Shares of Life Time Group Holdings, Inc. (NYSE:LTH)

Verition Fund Management LLC decreased its position in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 13.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 599,730 shares of the company's stock after selling 92,860 shares during the quarter. Verition Fund Management LLC owned 0.29% of Life Time Group worth $14,645,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Walleye Capital LLC bought a new stake in Life Time Group during the third quarter worth about $1,129,000. FORA Capital LLC bought a new position in shares of Life Time Group in the third quarter worth about $840,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Life Time Group in the third quarter worth about $5,131,000. FMR LLC lifted its holdings in shares of Life Time Group by 268.2% in the third quarter. FMR LLC now owns 5,011 shares of the company's stock worth $122,000 after acquiring an additional 3,650 shares during the last quarter. Finally, Quantbot Technologies LP bought a new position in shares of Life Time Group in the third quarter worth about $3,949,000. Institutional investors own 79.40% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on LTH. Royal Bank of Canada increased their target price on shares of Life Time Group from $20.00 to $27.00 and gave the stock an "outperform" rating in a report on Friday, August 2nd. Bank of America raised their price objective 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. Northland Securities raised their price objective on shares of Life Time Group from $28.50 to $29.00 and gave the company an "outperform" rating in a report on Friday, October 25th. Wells Fargo & Company increased their target price on shares of Life Time Group from $21.00 to $25.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 16th. Finally, The Goldman Sachs Group raised their price objective on shares of Life Time Group from $15.00 to $22.00 and gave the stock a "neutral" rating in a research report on Friday, August 2nd. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $27.78.

Insider Buying and Selling

In other news, CFO Erik Weaver sold 4,662 shares of the business's stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $25.88, for a total transaction of $120,652.56. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 value of $4,127,760.00. Following the transaction, 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 position. The disclosure for this sale can be found here. 12.50% of the stock is currently owned by insiders.

Life Time Group Stock Up 0.9 %

Shares of LTH traded up $0.21 during trading hours on Friday, reaching $24.27. The stock had a trading volume of 531,712 shares, compared to its average volume of 1,113,097. Life Time Group Holdings, Inc. has a 12 month low of $11.89 and a 12 month high of $27.11. The firm has a 50-day simple moving average of $24.39 and a 200 day simple moving average of $21.82. 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 company has a market capitalization of $5.02 billion, a price-to-earnings ratio of 35.17, a P/E/G ratio of 1.55 and a beta of 1.89.

Life Time Group (NYSE:LTH - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.01). The company had revenue of $693.20 million for the quarter, compared to the consensus estimate of $684.13 million. Life Time Group had a net margin of 5.67% and a return on equity of 6.42%. Life Time Group's revenue was up 18.5% on a year-over-year basis. During the same quarter last year, the business posted $0.09 earnings per share. Equities research analysts predict that Life Time Group Holdings, Inc. will post 0.56 earnings per share for the current fiscal year.

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.