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

Verition Fund Management LLC boosted its holdings in Life Time Group Holdings, Inc. (NYSE:LTH – Get Rating) by 133.9% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 25,599 shares of the company’s stock after buying an additional 14,654 shares during the quarter. Verition Fund Management LLC’s holdings in Life Time Group were worth $250,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Assetmark Inc. raised its position in Life Time Group by 34.1% in the 3rd quarter. Assetmark Inc. now owns 5,756 shares of the company’s stock worth $56,000 after buying an additional 1,463 shares during the last quarter. UBS Group AG raised its position in Life Time Group by 88.4% in the 1st quarter. UBS Group AG now owns 4,682 shares of the company’s stock worth $68,000 after buying an additional 2,197 shares during the last quarter. Tower Research Capital LLC TRC raised its position in Life Time Group by 82.4% in the 3rd quarter. Tower Research Capital LLC TRC now owns 5,936 shares of the company’s stock worth $58,000 after buying an additional 2,681 shares during the last quarter. Quantbot Technologies LP purchased a new position in Life Time Group in the 3rd quarter worth about $30,000. Finally, Bank of America Corp DE raised its position in Life Time Group by 10.4% in the 1st quarter. Bank of America Corp DE now owns 42,172 shares of the company’s stock worth $614,000 after buying an additional 3,956 shares during the last quarter. Hedge funds and other institutional investors own 72.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Oppenheimer decreased their target price on Life Time Group from $40.00 to $33.00 in a research report on Thursday, November 10th. Guggenheim upped their price target on shares of Life Time Group from $17.00 to $21.00 and gave the company a “buy” rating in a research report on Monday, January 23rd. Mizuho upped their price target on shares of Life Time Group from $17.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday. Royal Bank of Canada upped their price target on shares of Life Time Group from $20.00 to $21.00 and gave the company a “market outperform” rating in a research report on Thursday. Finally, Morgan Stanley upped their price target on shares of Life Time Group from $15.00 to $18.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 31st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $20.25.

Life Time Group Trading Down 1.2 %

Life Time Group stock opened at $17.27 on Friday. The firm has a 50 day moving average of $17.36 and a 200 day moving average of $13.61. The firm has a market capitalization of $3.35 billion, a price-to-earnings ratio of -9.98 and a beta of 1.81. Life Time Group Holdings, Inc. has a 12-month low of $8.75 and a 12-month high of $20.35. The company has a current ratio of 0.46, a quick ratio of 0.36 and a debt-to-equity ratio of 0.84.

Life Time Group (NYSE:LTH – Get Rating) last released its earnings results on Wednesday, March 8th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.01. The company had revenue of $472.70 million during the quarter, compared to analyst estimates of $472.52 million. Life Time Group had a negative net margin of 18.73% and a negative return on equity of 5.03%. The firm’s quarterly revenue was up 31.1% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.18) EPS. As a group, research analysts predict that Life Time Group Holdings, Inc. will post -0.02 earnings per share for the current year.

Life Time Group Company Profile

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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 sports and athletic, professional fitness, family recreation, and spa centers in a resort-like environment, principally in suburban and urban locations of metropolitan areas.