Occudo Quantitative Strategies LP Sells 83,863 Shares of Life Time Group Holdings, Inc. (NYSE:LTH)

Occudo Quantitative Strategies LP cut its holdings in Life Time Group Holdings, Inc. (NYSE:LTH) by 82.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 18,378 shares of the company’s stock after selling 83,863 shares during the period. Occudo Quantitative Strategies LP’s holdings in Life Time Group were worth $407,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Kapitalo Investimentos Ltda bought a new position in Life Time Group in the 4th quarter valued at approximately $33,000. R Squared Ltd bought a new position in Life Time Group in the 4th quarter valued at approximately $42,000. Sterling Capital Management LLC lifted its position in Life Time Group by 892.6% in the 4th quarter. Sterling Capital Management LLC now owns 2,025 shares of the company’s stock valued at $45,000 after acquiring an additional 1,821 shares in the last quarter. Quarry LP lifted its holdings in shares of Life Time Group by 240.4% during the 4th quarter. Quarry LP now owns 2,335 shares of the company’s stock valued at $52,000 after buying an additional 1,649 shares during the period. Finally, Dnca Finance boosted its stake in shares of Life Time Group by 11.9% in the 4th quarter. Dnca Finance now owns 3,830 shares of the company’s stock worth $85,000 after buying an additional 407 shares during the last quarter. 79.40% of the stock is owned by institutional investors.

Life Time Group Price Performance

Shares of Life Time Group stock opened at $28.70 on Friday. Life Time Group Holdings, Inc. has a one year low of $14.97 and a one year high of $34.99. The stock’s fifty day moving average is $30.45 and its 200 day moving average is $27.68. The stock has a market cap of $6.30 billion, a P/E ratio of 41.59, 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.

Life Time Group (NYSE:LTH) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.12. The business had revenue of $706.04 million for the quarter, compared to analysts’ expectations of $684.06 million. Life Time Group had a return on equity of 6.42% and a net margin of 5.67%. The business’s quarterly revenue was up 18.3% on a year-over-year basis. During the same period last year, the firm earned $0.15 earnings per share. Sell-side analysts anticipate that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on LTH shares. Craig Hallum lifted their price objective on Life Time Group from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Friday, February 28th. Evercore ISI set a $38.00 price objective on Life Time Group and gave the stock a “buy” rating in a report on Thursday, February 27th. Wells Fargo & Company set a $28.00 price objective on Life Time Group and gave the stock a “hold” rating in a report on Thursday, February 27th. Mizuho lifted their price objective on Life Time Group from $38.00 to $41.00 and gave the stock an “outperform” rating in a report on Wednesday, March 5th. Finally, Oppenheimer lifted their price objective on Life Time Group from $33.00 to $43.00 and gave the stock an “outperform” rating in a report on Thursday, January 23rd. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $35.92.

Insider Buying and Selling at Life Time Group

In other Life Time Group news, CEO Bahram Akradi sold 5,000,000 shares of the firm’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $30.13, for a total transaction of $150,650,000.00. Following the sale, the chief executive officer now directly owns 2,993,849 shares of the company’s stock, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 8.70% of the company’s stock.

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.