Squarepoint Ops LLC Takes $2.18 Million Position in Life Time Group Holdings, Inc. $LTH

Squarepoint Ops LLC purchased a new stake in Life Time Group Holdings, Inc. (NYSE:LTH) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 53,449 shares of the company’s stock, valued at approximately $2,183,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. California State Teachers Retirement System lifted its holdings in Life Time Group by 3,933.8% in the second quarter. California State Teachers Retirement System now owns 6,812,194 shares of the company’s stock valued at $278,210,000 after acquiring an additional 6,643,315 shares during the period. Wellington Management Group LLP boosted its position in Life Time Group by 1.6% during the second quarter. Wellington Management Group LLP now owns 6,308,310 shares of the company’s stock worth $257,631,000 after acquiring an additional 99,154 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Life Time Group by 15.2% during the first quarter. Dimensional Fund Advisors LP now owns 8,090,037 shares of the company’s stock worth $217,929,000 after buying an additional 1,068,208 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Life Time Group by 6.3% during the 4th quarter. Geode Capital Management LLC now owns 3,519,811 shares of the company’s stock worth $93,572,000 after acquiring an additional 207,822 shares during the period. Finally, Principal Financial Group Inc. raised its stake in Life Time Group by 18.1% during the first quarter. Principal Financial Group Inc. now owns 2,589,462 shares of the company’s stock worth $69,760,000 after purchasing an additional 397,248 shares during the period. Institutional investors and hedge funds own 79.40% of the company’s stock.

Insider Transactions at Life Time Group

In other news, Director John Galashan sold 2,879,154 shares of the company’s stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $43.80, for a total value of $126,106,945.20. Following the sale, the director directly owned 3,029,450 shares in the company, valued at approximately $132,689,910. This represents a 48.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Ritadhwaja Singh sold 154,912 shares of Life Time Group stock in a transaction on Friday, September 11th. The shares were sold at an average price of $42.00, for a total value of $6,506,304.00. Following the transaction, the executive vice president directly owned 138,351 shares of the company’s stock, valued at approximately $5,810,742. The trade was a 52.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 7,033,814 shares of company stock valued at $308,650,511 over the last 90 days. Corporate insiders own 13.30% of the company’s stock.

Life Time Group Price Performance

Shares of LTH opened at $41.47 on Tuesday. The firm has a market capitalization of $9.27 billion, a price-to-earnings ratio of 22.54, a price-to-earnings-growth ratio of 1.50 and a beta of 1.48. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.56 and a current ratio of 0.66. Life Time Group Holdings, Inc. has a one year low of $24.14 and a one year high of $47.24. The stock’s fifty day moving average is $43.37 and its 200-day moving average is $35.20.

Life Time Group (NYSE:LTH) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.11. The firm had revenue of $866.00 million during the quarter, compared to the consensus estimate of $845.75 million. Life Time Group had a net margin of 13.07% and a return on equity of 10.56%. The business’s revenue was up 13.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.37 EPS. Equities analysts anticipate that Life Time Group Holdings, Inc. will post 1.59 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on LTH. Morgan Stanley lifted their target price on shares of Life Time Group from $39.00 to $53.00 and gave the company an “overweight” rating in a report on Tuesday, August 18th. Jefferies Financial Group increased their price target on Life Time Group from $41.00 to $51.00 and gave the company a “buy” rating in a report on Monday, June 29th. Wells Fargo & Company raised their price objective on Life Time Group from $46.00 to $51.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. UBS Group lifted their price objective on Life Time Group from $43.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. Finally, Royal Bank Of Canada increased their price objective on shares of Life Time Group from $50.00 to $60.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating and thirteen have assigned a Buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $54.85.

Life Time Group Profile

Life Time Group Holdings, Inc operates a network of athletic country clubs and wellness facilities in the United States and Canada. The company provides an integrated range of fitness, health, and lifestyle services designed for individuals and families.

Its clubs typically offer fitness equipment and classes, personal training, indoor and outdoor pools, courts for sports such as tennis and pickleball, childcare, spa services, cafes, and spaces for social and work-related activities. Life Time also provides digital fitness content, nutrition and wellness programs, recreational activities, and athletic events through its clubs and online platforms.

Founded in 1992, the company was originally known as Life Time Fitness before becoming Life Time Group Holdings.