Verition Fund Management LLC Reduces Holdings in Life Time Group Holdings, Inc. (NYSE:LTH)

Verition Fund Management LLC lowered its stake in shares of Life Time Group Holdings, Inc. (NYSE:LTH) by 13.4% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 599,730 shares of the company’s stock after selling 92,860 shares during the period. Verition Fund Management LLC’s holdings in Life Time Group were worth $14,645,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in Life Time Group by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 6,479,496 shares of the company’s stock valued at $100,562,000 after acquiring an additional 78,290 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Life Time Group by 19.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,658,902 shares of the company’s stock valued at $87,728,000 after purchasing an additional 770,766 shares during the period. Principal Financial Group Inc. boosted its position in shares of Life Time Group by 1.3% during the third quarter. Principal Financial Group Inc. now owns 3,646,372 shares of the company’s stock valued at $89,045,000 after purchasing an additional 46,710 shares in the last quarter. Loomis Sayles & Co. L P grew its stake in Life Time Group by 33.1% in the third quarter. Loomis Sayles & Co. L P now owns 3,050,253 shares of the company’s stock worth $74,487,000 after purchasing an additional 758,757 shares during the period. Finally, Hood River Capital Management LLC raised its holdings in Life Time Group by 44.0% in the second quarter. Hood River Capital Management LLC now owns 1,811,841 shares of the company’s stock worth $34,117,000 after purchasing an additional 553,881 shares in the last quarter. 79.40% of the stock is owned by institutional investors.

Insider Transactions at Life Time Group

In other Life Time Group news, EVP Parham Javaheri sold 168,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $24.57, for a total transaction of $4,127,760.00. Following the completion of the sale, the executive vice president now directly owns 243,938 shares in the company, valued at $5,993,556.66. The trade was a 40.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Erik Weaver sold 4,662 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $25.88, for a total transaction of $120,652.56. Following the sale, the chief financial officer now directly owns 75,866 shares of the company’s stock, valued at $1,963,412.08. The trade was a 5.79 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 12.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on LTH shares. Bank of America boosted their target price 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. Morgan Stanley upped their price objective on shares of Life Time Group from $21.00 to $29.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th. The Goldman Sachs Group lifted their target price on shares of Life Time Group from $15.00 to $22.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Wells Fargo & Company upped their price target on Life Time Group from $21.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 16th. Finally, Northland Securities lifted their price objective on Life Time Group from $28.50 to $29.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $27.78.

Life Time Group Stock Up 0.9 %

Life Time Group stock opened at $24.27 on Friday. Life Time Group Holdings, Inc. has a 12 month low of $11.89 and a 12 month high of $27.11. The stock has a fifty day simple moving average of $24.39 and a two-hundred day simple moving average of $21.77. The company has a current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 0.64. The firm has a market cap of $5.02 billion, a price-to-earnings ratio of 35.17, a PEG ratio of 1.55 and a beta of 1.89.

Life Time Group (NYSE:LTH) last released its quarterly earnings data on Thursday, October 24th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.01). Life Time Group had a net margin of 5.67% and a return on equity of 6.42%. The business had revenue of $693.20 million for the quarter, compared to analysts’ expectations of $684.13 million. During the same period last year, the business earned $0.09 earnings per share. The company’s quarterly revenue was up 18.5% on a year-over-year basis. Equities analysts predict 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.