Life Time Group Holdings, Inc. (NYSE:LTH) Shares Purchased by Gotham Asset Management LLC

Gotham Asset Management LLC boosted its holdings in Life Time Group Holdings, Inc. (NYSE:LTH) by 183.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 139,196 shares of the company’s stock after buying an additional 90,169 shares during the period. Gotham Asset Management LLC owned 0.07% of Life Time Group worth $3,079,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

Several brokerages have recently weighed in on LTH. Oppenheimer raised their target price on Life Time Group from $33.00 to $43.00 and gave the company an “outperform” rating in a research note on Thursday, January 23rd. Royal Bank of Canada set a $35.00 target price on Life Time Group and gave the company a “buy” rating in a research note on Thursday, February 27th. Wells Fargo & Company set a $28.00 target price on Life Time Group and gave the company a “hold” rating in a research note on Thursday, February 27th. Deutsche Bank Aktiengesellschaft set a $36.00 target price on Life Time Group and gave the company a “buy” rating in a research note on Monday, March 3rd. Finally, The Goldman Sachs Group raised their target price on Life Time Group from $22.00 to $32.00 and gave the company a “neutral” rating in a research note on Monday, March 3rd. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $35.92.

Life Time Group Stock Performance

Shares of NYSE LTH opened at $28.70 on Friday. The company has a quick ratio of 0.46, a current ratio of 0.59 and a debt-to-equity ratio of 0.64. The firm’s 50-day moving average price is $30.45 and its two-hundred day moving average price is $27.68. Life Time Group Holdings, Inc. has a 52-week low of $14.97 and a 52-week high of $34.99. The stock has a market capitalization 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.

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

Insiders Place Their Bets

In other news, CEO Bahram Akradi sold 5,000,000 shares of Life Time Group stock in a transaction that occurred on 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 owns 2,993,849 shares of the company’s stock, valued at approximately $90,204,670.37. The trade was a 62.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 8.70% of the stock is currently owned by corporate insiders.

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.