Graham Capital Management L.P. purchased a new position in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 77,895 shares of the company's stock, valued at approximately $1,723,000.
Other hedge funds have also added to or reduced their stakes in the company. Franklin Resources Inc. acquired a new stake in Life Time Group during the 3rd quarter worth approximately $593,000. Burns Matteson Capital Management LLC acquired a new position in Life Time Group in the 4th quarter valued at $331,000. Braun Stacey Associates Inc. raised its holdings in Life Time Group by 2.0% in the 4th quarter. Braun Stacey Associates Inc. now owns 867,132 shares of the company's stock valued at $19,181,000 after acquiring an additional 17,340 shares in the last quarter. Precision Wealth Strategies LLC acquired a new position in Life Time Group in the 4th quarter valued at $387,000. Finally, Rhumbline Advisers raised its holdings in Life Time Group by 1.2% in the 4th quarter. Rhumbline Advisers now owns 91,572 shares of the company's stock valued at $2,026,000 after acquiring an additional 1,075 shares in the last quarter. 79.40% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on LTH shares. Evercore ISI set a $38.00 price objective on Life Time Group and gave the company a "buy" rating in a report on Thursday, February 27th. Craig Hallum lifted their price objective on Life Time Group from $40.00 to $45.00 and gave the company a "buy" rating in a report on Friday, February 28th. Mizuho lifted their price objective on Life Time Group from $38.00 to $41.00 and gave the company an "outperform" rating in a report on Wednesday, March 5th. Guggenheim lifted their price objective on Life Time Group from $32.00 to $36.00 and gave the company a "buy" rating in a report on Friday, February 28th. Finally, The Goldman Sachs Group boosted 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. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Life Time Group currently has an average rating of "Moderate Buy" and an average price target of $35.92.
View Our Latest Research Report on Life Time Group
Insider Buying and Selling
In related news, CEO Bahram Akradi sold 5,000,000 shares of the business's 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 $90,204,670.37. The trade was a 62.55% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 8.70% of the stock is currently owned by corporate insiders.
Life Time Group Price Performance
LTH stock traded up $0.69 during midday trading on Friday, reaching $29.49. 1,866,128 shares of the stock were exchanged, compared to its average volume of 1,679,055. The stock has a market capitalization of $6.47 billion, a PE ratio of 42.73, a P/E/G ratio of 0.81 and a beta of 1.86. Life Time Group Holdings, Inc. has a 52 week low of $15.19 and a 52 week high of $34.99. 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 company has a fifty day moving average price of $30.47 and a 200 day moving average price of $27.76.
Life Time Group (NYSE:LTH - Get Free Report) last issued its quarterly earnings data 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 analyst estimates of $684.06 million. Life Time Group had a return on equity of 6.42% and a net margin of 5.67%. Life Time Group's quarterly revenue was up 18.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 EPS. As a group, analysts expect that Life Time Group Holdings, Inc. will post 0.74 EPS for the current fiscal year.
Life Time Group Profile
(
Free Report)
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.
Further Reading
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