Aristeia Capital L.L.C. Takes $697,000 Position in Life Time Group Holdings, Inc. (NYSE:LTH)

Aristeia Capital L.L.C. acquired a new position in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 31,529 shares of the company's stock, valued at approximately $697,000.

A number of other hedge funds have also recently made changes to their positions in LTH. Barclays PLC increased its stake in shares of Life Time Group by 119.0% in the 3rd quarter. Barclays PLC now owns 248,698 shares of the company's stock worth $6,073,000 after acquiring an additional 135,116 shares in the last quarter. Franklin Resources Inc. bought a new position in Life Time Group in the 3rd quarter worth $593,000. Lord Abbett & CO. LLC purchased a new position in Life Time Group in the 3rd quarter worth approximately $31,575,000. Principal Financial Group Inc. lifted its stake in Life Time Group by 1.3% in the 3rd quarter. Principal Financial Group Inc. now owns 3,646,372 shares of the company's stock worth $89,045,000 after purchasing an additional 46,710 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Life Time Group by 11.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,569,214 shares of the company's stock valued at $87,160,000 after buying an additional 356,255 shares in the last quarter. 79.40% of the stock is currently owned by 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 shares were sold at an average price of $30.13, for a total transaction of $150,650,000.00. Following the transaction, the chief executive officer now directly owns 2,993,849 shares in the company, valued at approximately $90,204,670.37. The trade was a 62.55 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 8.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have issued reports on LTH shares. Mizuho boosted their target price on Life Time Group from $38.00 to $41.00 and gave the company an "outperform" rating in a research report on Wednesday, March 5th. Royal Bank of Canada set a $35.00 price target on shares of Life Time Group and gave the stock a "buy" rating in a research report on Thursday, February 27th. Morgan Stanley boosted their price target on Life Time Group from $29.00 to $30.00 and gave the company an "equal weight" rating in a report on Monday, February 24th. The Goldman Sachs Group upped their price target on Life Time Group from $22.00 to $32.00 and gave the stock a "neutral" rating in a report on Monday, March 3rd. Finally, Northland Securities set a $39.00 target price on shares of 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. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $35.62.

Life Time Group Stock Performance

LTH stock traded down $1.73 during mid-day trading on Thursday, reaching $31.24. The company had a trading volume of 3,173,044 shares, compared to its average volume of 1,626,808. Life Time Group Holdings, Inc. has a one year low of $14.44 and a one year high of $35.37. The company has a quick ratio of 0.46, a current ratio of 0.59 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $6.68 billion, a P/E ratio of 45.28, a P/E/G ratio of 0.81 and a beta of 1.86. The stock's 50-day simple moving average is $30.55 and its two-hundred day simple moving average is $27.47.

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.