Life Time Group Holdings, Inc. (NYSE:LTH) Shares Acquired by Millennium Management LLC

Millennium Management LLC increased its stake in Life Time Group Holdings, Inc. (NYSE:LTH) by 51.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,230,066 shares of the company’s stock after acquiring an additional 418,231 shares during the period. Millennium Management LLC’s holdings in Life Time Group were worth $27,209,000 as of its most recent SEC filing.

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

Life Time Group Trading Down 0.3%

LTH opened at $29.41 on Tuesday. The firm has a market capitalization of $6.45 billion, a P/E ratio of 42.62, a P/E/G ratio of 0.81 and a beta of 1.86. The firm’s 50 day moving average is $30.49 and its 200-day moving average is $27.84. Life Time Group Holdings, Inc. has a 52-week low of $15.19 and a 52-week high of $34.99. The company has a quick ratio of 0.46, a current ratio of 0.59 and a debt-to-equity ratio of 0.64.

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

Wall Street Analyst Weigh In

Several research firms recently issued reports on LTH. Guggenheim raised their target price on shares of Life Time Group from $32.00 to $36.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. The Goldman Sachs Group raised their price target on shares of Life Time Group from $22.00 to $32.00 and gave the company a “neutral” rating in a report on Monday, March 3rd. Bank of America set a $40.00 price target on shares of Life Time Group and gave the company a “buy” rating in a report on Monday, March 3rd. BMO Capital Markets set a $28.00 price target on shares of Life Time Group and gave the company a “hold” rating in a report on Friday, March 14th. Finally, Mizuho raised their price target on shares of Life Time Group from $38.00 to $41.00 and gave the company an “outperform” rating in a report on Wednesday, March 5th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.92.

Insider Buying and Selling

In related news, CEO Bahram Akradi sold 5,000,000 shares of Life Time Group stock in a transaction on 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 sale, the chief executive officer now owns 2,993,849 shares in the company, valued at approximately $90,204,670.37. The trade was a 62.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 8.70% of the company’s stock.

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.