AQR Capital Management LLC Boosts Holdings in Life Time Group Holdings, Inc. (NYSE:LTH)

AQR Capital Management LLC raised its holdings in Life Time Group Holdings, Inc. (NYSE:LTH) by 22.4% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 65,349 shares of the company’s stock after buying an additional 11,967 shares during the period. AQR Capital Management LLC’s holdings in Life Time Group were worth $1,231,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the company. Wellington Management Group LLP acquired a new position in Life Time Group during the fourth quarter worth approximately $14,544,000. Vanguard Group Inc. raised its position in Life Time Group by 35.2% during the fourth quarter. Vanguard Group Inc. now owns 6,401,206 shares of the company’s stock valued at $96,530,000 after buying an additional 1,665,006 shares during the period. Moody National Bank Trust Division boosted its position in Life Time Group by 51.7% during the first quarter. Moody National Bank Trust Division now owns 102,167 shares of the company’s stock valued at $1,586,000 after purchasing an additional 34,838 shares during the last quarter. Capstone Investment Advisors LLC increased its stake in shares of Life Time Group by 52.0% during the 1st quarter. Capstone Investment Advisors LLC now owns 23,679 shares of the company’s stock worth $367,000 after purchasing an additional 8,098 shares during the last quarter. Finally, GSA Capital Partners LLP boosted its position in Life Time Group by 13.2% during the first quarter. GSA Capital Partners LLP now owns 60,856 shares of the company’s stock worth $944,000 after purchasing an additional 7,101 shares during the period. 79.40% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Life Time Group

In other news, Director John G. Danhakl sold 3,575,000 shares of Life Time Group stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $20.88, for a total transaction of $74,646,000.00. Following the completion of the transaction, the director now directly owns 55,166,700 shares in the company, valued at approximately $1,151,880,696. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Life Time Group news, major shareholder Partners Group Private Equity sold 650,000 shares of Life Time Group stock in a transaction that occurred on 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 $123,804,786.24. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John G. Danhakl sold 3,575,000 shares of the company’s stock in a transaction dated 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 transaction, the director now directly owns 55,166,700 shares of the company’s stock, valued at approximately $1,151,880,696. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 12.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on LTH. Craig Hallum began coverage on Life Time Group in a report on Friday, July 19th. They set a “buy” rating and a $30.00 price objective for the company. The Goldman Sachs Group upped their price objective on Life Time Group from $15.00 to $22.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Bank of America upped their price target 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 lifted their price target on shares of Life Time Group from $27.00 to $28.50 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Finally, Wells Fargo & Company boosted 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. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $26.64.

Life Time Group Price Performance

Shares of NYSE:LTH opened at $25.28 on Friday. Life Time Group Holdings, Inc. has a 1-year low of $11.10 and a 1-year high of $25.75. The stock’s fifty day simple moving average is $23.98 and its two-hundred day simple moving average is $19.33. The stock has a market cap of $5.04 billion, a PE ratio of 46.81, a price-to-earnings-growth ratio of 3.20 and a beta of 1.87. The company has a current ratio of 0.44, a quick ratio of 0.32 and a debt-to-equity ratio of 0.77.

Life Time Group (NYSE:LTH) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.10. Life Time Group had a net margin of 4.54% and a return on equity of 5.36%. The company had revenue of $667.80 million for the quarter, compared to analyst estimates of $634.92 million. During the same quarter in the previous year, the firm posted $0.08 earnings per share. The company’s quarterly revenue was up 18.9% compared to the same quarter last year. As a group, analysts forecast that Life Time Group Holdings, Inc. will post 0.56 EPS 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.