Life Time Group Holdings, Inc. (NYSE:LTH) Shares Sold by Davidson Kempner Capital Management LP

Davidson Kempner Capital Management LP reduced its stake in shares of Life Time Group Holdings, Inc. (NYSE:LTH) by 63.5% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 279,853 shares of the company’s stock after selling 486,387 shares during the period. Davidson Kempner Capital Management LP owned approximately 0.14% of Life Time Group worth $5,270,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Quantbot Technologies LP grew its holdings in Life Time Group by 1,443.3% during the first quarter. Quantbot Technologies LP now owns 73,986 shares of the company’s stock worth $1,148,000 after acquiring an additional 69,192 shares during the period. Nebula Research & Development LLC purchased a new position in shares of Life Time Group during the 4th quarter valued at approximately $776,000. Trexquant Investment LP acquired a new position in shares of Life Time Group in the 4th quarter valued at $741,000. Charles Schwab Investment Management Inc. boosted its holdings in Life Time Group by 1.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 423,874 shares of the company’s stock worth $6,392,000 after buying an additional 5,995 shares in the last quarter. Finally, Quest Partners LLC acquired a new stake in Life Time Group during the second quarter valued at $549,000. Hedge funds and other institutional investors own 79.40% of the company’s stock.

Wall Street Analysts Forecast Growth

LTH has been the topic of several recent analyst reports. 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 research note on Friday, August 2nd. Wells Fargo & Company increased their price target on Life Time Group from $15.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 31st. Northland Securities boosted their price objective on Life Time Group from $27.00 to $28.50 and gave the company an “outperform” rating in a research report on Friday, August 2nd. The Goldman Sachs Group increased their target price on Life Time Group from $15.00 to $22.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Finally, Bank of America boosted their price target on shares of Life Time Group from $29.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, September 6th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $25.56.

Life Time Group Stock Down 0.3 %

NYSE LTH opened at $24.97 on Monday. The business has a fifty day moving average price of $22.89 and a 200 day moving average price of $18.40. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.32 and a current ratio of 0.44. The company has a market cap of $4.96 billion, a P/E ratio of 69.36, a P/E/G ratio of 3.03 and a beta of 1.87. Life Time Group Holdings, Inc. has a one year low of $11.10 and a one year high of $25.74.

Life Time Group (NYSE:LTH) last issued its earnings results on Thursday, August 1st. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.10. The business had revenue of $667.80 million during the quarter, compared to analysts’ expectations of $634.92 million. Life Time Group had a net margin of 4.54% and a return on equity of 5.36%. The company’s quarterly revenue was up 18.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.08 earnings per share. Research analysts anticipate that Life Time Group Holdings, Inc. will post 0.56 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director John G. Danhakl sold 3,575,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $20.88, for a total value of $74,646,000.00. Following the completion of the sale, the director now directly owns 55,166,700 shares in the company, valued at $1,151,880,696. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, major shareholder Partners Group Private Equity sold 650,000 shares of the business’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $20.88, for a total transaction of $13,572,000.00. Following the transaction, the insider now owns 5,929,348 shares of the company’s stock, valued at approximately $123,804,786.24. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director John G. Danhakl sold 3,575,000 shares of Life Time Group stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $20.88, for a total transaction of $74,646,000.00. Following the transaction, the director now directly owns 55,166,700 shares in the company, valued at $1,151,880,696. The disclosure for this sale can be found here. Corporate insiders own 12.50% 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.