Cubist Systematic Strategies LLC Has $16.13 Million Position in Life Time Group Holdings, Inc. (NYSE:LTH)

Cubist Systematic Strategies LLC raised its stake in Life Time Group Holdings, Inc. (NYSE:LTH) by 34.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 729,261 shares of the company’s stock after purchasing an additional 186,308 shares during the period. Cubist Systematic Strategies LLC owned 0.35% of Life Time Group worth $16,131,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Franklin Resources Inc. acquired a new position in Life Time Group during the 3rd quarter worth approximately $593,000. Burns Matteson Capital Management LLC bought a new position in shares of Life Time Group in the 4th quarter worth $331,000. Braun Stacey Associates Inc. grew its position in Life Time Group by 2.0% in the 4th quarter. Braun Stacey Associates Inc. now owns 867,132 shares of the company’s stock valued at $19,181,000 after purchasing an additional 17,340 shares during the period. Precision Wealth Strategies LLC bought a new stake in Life Time Group during the 4th quarter valued at $387,000. Finally, Rhumbline Advisers raised its holdings in Life Time Group by 1.2% during the fourth quarter. Rhumbline Advisers now owns 91,572 shares of the company’s stock worth $2,026,000 after buying an additional 1,075 shares during the last quarter. Institutional investors and hedge funds own 79.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Oppenheimer boosted their target price on shares of Life Time Group from $33.00 to $43.00 and gave the stock an “outperform” rating in a research report on Thursday, January 23rd. Morgan Stanley increased their price objective on Life Time Group from $29.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Monday, February 24th. Mizuho lifted their target price on Life Time Group from $38.00 to $41.00 and gave the company an “outperform” rating in a research report on Wednesday, March 5th. Guggenheim increased their price target on Life Time Group from $32.00 to $36.00 and gave the company a “buy” rating in a research report on Friday, February 28th. Finally, Craig Hallum lifted their price objective on shares of Life Time Group from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Friday, February 28th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $35.62.

Insider Activity at Life Time Group

In other news, CEO Bahram Akradi sold 5,000,000 shares of Life Time Group stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $30.13, for a total value of $150,650,000.00. Following the completion of the transaction, the chief executive officer now owns 2,993,849 shares in the company, valued at $90,204,670.37. This trade represents a 62.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 8.70% of the stock is owned by company insiders.

Life Time Group Stock Performance

Shares of LTH stock opened at $32.20 on Wednesday. Life Time Group Holdings, Inc. has a 52 week low of $14.44 and a 52 week high of $33.64. The firm’s 50-day simple moving average is $30.50 and its two-hundred day simple moving average is $27.43. The firm has a market cap of $6.89 billion, a price-to-earnings ratio of 46.67, a P/E/G ratio of 0.81 and a beta of 1.86. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.46 and a current ratio of 0.59.

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.