Graham Capital Management L.P. Takes $1.72 Million Position in Life Time Group Holdings, Inc. (NYSE:LTH)

Graham Capital Management L.P. acquired a new stake in Life Time Group Holdings, Inc. (NYSE:LTH) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 77,895 shares of the company’s stock, valued at approximately $1,723,000.

Several other large investors have also modified their holdings of the company. Granahan Investment Management LLC boosted its holdings in shares of Life Time Group by 3.7% in the fourth quarter. Granahan Investment Management LLC now owns 1,638,309 shares of the company’s stock valued at $36,239,000 after acquiring an additional 58,867 shares during the period. Fortress Investment Group LLC acquired a new position in Life Time Group in the 4th quarter valued at $120,000. Frontier Capital Management Co. LLC raised its position in Life Time Group by 63.5% during the 4th quarter. Frontier Capital Management Co. LLC now owns 1,415,089 shares of the company’s stock worth $31,302,000 after buying an additional 549,483 shares during the last quarter. Deutsche Bank AG raised its position in Life Time Group by 15.5% during the 4th quarter. Deutsche Bank AG now owns 279,735 shares of the company’s stock worth $6,188,000 after buying an additional 37,529 shares during the last quarter. Finally, Driehaus Capital Management LLC lifted its stake in shares of Life Time Group by 5.2% in the 4th quarter. Driehaus Capital Management LLC now owns 2,955,669 shares of the company’s stock worth $65,379,000 after acquiring an additional 145,002 shares during the period. 79.40% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

LTH has been the subject of several analyst reports. Bank of America set a $40.00 price target on shares of Life Time Group and gave the stock a “buy” rating in a report on Monday, March 3rd. Guggenheim increased their target price on Life Time Group from $32.00 to $36.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. Wells Fargo & Company set a $28.00 target price on Life Time Group and gave the stock 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 stock a “buy” rating in a research note on Monday, March 3rd. Finally, Evercore ISI set a $38.00 target price on Life Time Group and gave the stock a “buy” rating in a research note on Thursday, February 27th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $35.92.

Life Time Group Stock Performance

LTH opened at $28.64 on Monday. The stock has a market cap of $6.13 billion, a P/E ratio of 41.51, a P/E/G ratio of 0.81 and a beta of 1.86. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.59 and a quick ratio of 0.46. The stock’s 50 day simple moving average is $30.48 and its 200 day simple moving average is $27.57. Life Time Group Holdings, Inc. has a 1-year low of $14.56 and a 1-year high of $34.99.

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

Insider Buying and Selling at Life Time Group

In other Life Time Group news, CEO Bahram Akradi sold 5,000,000 shares of the stock in a transaction 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 in the company, valued at approximately $90,204,670.37. This represents a 62.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 8.70% of the stock is owned by insiders.

Life Time Group 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.