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

Dark Forest Capital Management LP cut its holdings in shares of Life Time Group Holdings, Inc. (NYSE:LTH) by 56.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,473 shares of the company’s stock after selling 17,290 shares during the quarter. Dark Forest Capital Management LP’s holdings in Life Time Group were worth $254,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its holdings in shares of Life Time Group by 1.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 423,874 shares of the company’s stock valued at $6,392,000 after purchasing an additional 5,995 shares in the last quarter. Bellevue Group AG acquired a new stake in shares of Life Time Group in the 4th quarter valued at $380,000. Nebula Research & Development LLC acquired a new stake in shares of Life Time Group in the 4th quarter valued at $776,000. Wellington Management Group LLP acquired a new stake in shares of Life Time Group in the 4th quarter valued at $14,544,000. Finally, Vanguard Group Inc. raised its holdings in shares of Life Time Group by 35.2% in the 4th quarter. Vanguard Group Inc. now owns 6,401,206 shares of the company’s stock valued at $96,530,000 after purchasing an additional 1,665,006 shares in the last quarter. 79.40% of the stock is currently owned by institutional investors and hedge funds.

Life Time Group Trading Down 0.9 %

Shares of Life Time Group stock opened at $24.21 on Monday. Life Time Group Holdings, Inc. has a 1 year low of $11.10 and a 1 year high of $25.75. 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 capitalization of $4.81 billion, a P/E ratio of 67.25, a PEG ratio of 3.18 and a beta of 1.87. The company’s fifty day moving average is $23.32 and its two-hundred day moving average is $18.76.

Life Time Group (NYSE:LTH) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.26 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $634.92 million. During the same period last year, the firm posted $0.08 EPS. Life Time Group’s revenue for the quarter was up 18.9% on a year-over-year basis. Analysts forecast that Life Time Group Holdings, Inc. will post 0.56 earnings per share for the current year.

Insider Activity

In other news, major shareholder Partners Group Private Equity sold 650,000 shares of Life Time Group stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $20.88, for a total value of $13,572,000.00. Following the sale, the insider now owns 5,929,348 shares of the company’s stock, valued at $123,804,786.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, major shareholder Partners Group Private Equity sold 650,000 shares of Life Time Group stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $20.88, for a total value of $13,572,000.00. Following the sale, the insider now owns 5,929,348 shares of the company’s stock, valued at $123,804,786.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through 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 shares were sold at an average price of $20.88, for a total transaction 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 approximately $1,151,880,696. The disclosure for this sale can be found here. Insiders own 12.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on LTH shares. Bank of America raised their price objective 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. Craig Hallum started coverage on shares of Life Time Group in a research report on Friday, July 19th. They issued a “buy” rating and a $30.00 target price on the stock. The Goldman Sachs Group increased their target price on shares of Life Time Group from $15.00 to $22.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Northland Securities increased their target price on shares of Life Time Group from $27.00 to $28.50 and gave the company an “outperform” rating in a research report on Friday, August 2nd. Finally, Royal Bank of Canada increased their target price on shares of Life Time Group from $20.00 to $27.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $26.64.

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.