Aquatic Capital Management LLC Invests $1.25 Million in Life Time Group Holdings, Inc. (NYSE:LTH)

Aquatic Capital Management LLC purchased a new stake in Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 56,690 shares of the company's stock, valued at approximately $1,254,000.

Other institutional investors also recently modified their holdings of the company. Marshall Wace LLP lifted its position in shares of Life Time Group by 7,344.2% during the fourth quarter. Marshall Wace LLP now owns 1,361,032 shares of the company's stock worth $30,106,000 after acquiring an additional 1,342,749 shares in the last quarter. Lord Abbett & CO. LLC bought a new stake in shares of Life Time Group during the 3rd quarter valued at $31,575,000. Norges Bank purchased a new stake in Life Time Group during the 4th quarter worth about $19,198,000. American Century Companies Inc. grew its holdings in Life Time Group by 61.9% during the 4th quarter. American Century Companies Inc. now owns 1,924,461 shares of the company's stock valued at $42,569,000 after buying an additional 735,682 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of Life Time Group by 45.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,038,064 shares of the company's stock valued at $45,082,000 after buying an additional 640,385 shares during the period. 79.40% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Life Time Group news, CEO Bahram Akradi sold 5,000,000 shares of Life Time Group stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $30.13, for a total value of $150,650,000.00. Following the transaction, the chief executive officer now directly owns 2,993,849 shares of the company's stock, valued at $90,204,670.37. The trade was a 62.55 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Erik Weaver sold 1,741 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $29.62, for a total value of $51,568.42. Following the sale, the chief financial officer now directly owns 96,361 shares of the company's stock, valued at approximately $2,854,212.82. This trade represents a 1.77 % decrease in their position. The disclosure for this sale can be found here. 8.70% of the stock is currently owned by insiders.

Life Time Group Trading Up 1.7 %

Shares of LTH traded up $0.55 during mid-day trading on Monday, reaching $32.87. The company's stock had a trading volume of 532,528 shares, compared to its average volume of 2,233,346. The company has a current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 0.64. Life Time Group Holdings, Inc. has a 52 week low of $14.39 and a 52 week high of $33.64. The company's fifty day moving average price is $30.45 and its two-hundred day moving average price is $27.35. The stock has a market cap of $7.03 billion, a PE ratio of 47.65, a P/E/G ratio of 0.81 and a beta of 1.86.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Bank of America set a $40.00 price objective on shares of Life Time Group and gave the company a "buy" rating in a research report on Monday, March 3rd. Oppenheimer boosted their price target on shares of Life Time Group from $33.00 to $43.00 and gave the company an "outperform" rating in a research report on Thursday, January 23rd. Craig Hallum increased their price objective on Life Time Group from $40.00 to $45.00 and gave the stock a "buy" rating in a research report on Friday, February 28th. Deutsche Bank Aktiengesellschaft set a $36.00 target price on Life Time Group and gave the stock a "buy" rating in a research report on Monday, March 3rd. Finally, The Goldman Sachs Group lifted their price target on Life Time Group from $22.00 to $32.00 and gave the company a "neutral" rating in a research report on Monday, March 3rd. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $35.62.

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.