Brevan Howard Capital Management LP Makes New Investment in Life Time Group Holdings, Inc. (NYSE:LTH)

Brevan Howard Capital Management LP purchased a new position in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 42,706 shares of the company's stock, valued at approximately $945,000.

Several other large investors also recently added to or reduced their stakes in LTH. Benjamin Edwards Inc. bought a new position in Life Time Group during the fourth quarter worth about $305,000. BNP Paribas Financial Markets purchased a new stake in shares of Life Time Group during the 4th quarter valued at approximately $6,330,000. Ameriprise Financial Inc. boosted its holdings in Life Time Group by 34.5% in the 4th quarter. Ameriprise Financial Inc. now owns 276,957 shares of the company's stock worth $6,126,000 after buying an additional 71,074 shares during the period. Algert Global LLC grew its stake in Life Time Group by 79.9% in the 4th quarter. Algert Global LLC now owns 363,895 shares of the company's stock valued at $8,049,000 after buying an additional 161,632 shares in the last quarter. Finally, Aristeia Capital L.L.C. purchased a new position in Life Time Group in the 4th quarter valued at approximately $697,000. Hedge funds and other institutional investors own 79.40% of the company's stock.

Life Time Group Trading Up 2.3%

Life Time Group stock traded up $0.67 during mid-day trading on Tuesday, hitting $30.28. The company's stock had a trading volume of 736,868 shares, compared to its average volume of 1,653,473. The business has a 50 day moving average price of $30.43 and a 200-day moving average price of $27.61. Life Time Group Holdings, Inc. has a 12 month low of $14.56 and a 12 month high of $34.99. The stock has a market cap of $6.48 billion, a price-to-earnings ratio of 43.88, a price-to-earnings-growth 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.

Life Time Group (NYSE:LTH - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.12. Life Time Group had a return on equity of 6.42% and a net margin of 5.67%. The business had revenue of $706.04 million for the quarter, compared to analyst estimates of $684.06 million. During the same period last year, the company earned $0.15 EPS. Life Time Group's revenue for the quarter was up 18.3% compared to the same quarter last year. As a group, analysts forecast that Life Time Group Holdings, Inc. will post 0.74 EPS for the current year.

Wall Street Analyst Weigh In

LTH has been the subject of a number of analyst reports. Evercore ISI set a $38.00 price target on Life Time Group and gave the stock a "buy" rating in a report on Thursday, February 27th. Northland Securities set a $39.00 target price on Life Time Group and gave the stock a "buy" rating in a research note on Thursday, February 27th. Guggenheim upped their price target on Life Time Group from $32.00 to $36.00 and gave the company a "buy" rating in a research report on Friday, February 28th. Wells Fargo & Company set a $28.00 price objective on shares of Life Time Group and gave the company a "hold" rating in a research report on Thursday, February 27th. Finally, Bank of America set a $40.00 target price on shares of Life Time Group and gave the stock a "buy" rating in a report on Monday, March 3rd. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $35.92.

Insider Buying and Selling at Life Time Group

In other Life Time Group news, CEO Bahram Akradi sold 5,000,000 shares of the business's stock in a transaction dated Thursday, February 27th. The shares were 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 owns 2,993,849 shares in the company, valued at approximately $90,204,670.37. The trade was a 62.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.70% of the stock is currently owned by corporate insiders.

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.