Graham Capital Management L.P. acquired a new position in Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 77,895 shares of the company's stock, valued at approximately $1,723,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Franklin Resources Inc. bought a new stake in shares of Life Time Group in the 3rd quarter worth approximately $593,000. Burns Matteson Capital Management LLC purchased a new stake in Life Time Group in the fourth quarter worth $331,000. Braun Stacey Associates Inc. raised its stake in shares of Life Time Group by 2.0% in the fourth quarter. Braun Stacey Associates Inc. now owns 867,132 shares of the company's stock valued at $19,181,000 after buying an additional 17,340 shares during the period. Precision Wealth Strategies LLC purchased a new position in shares of Life Time Group during the 4th quarter valued at $387,000. Finally, Rhumbline Advisers grew its stake in shares of Life Time Group by 1.2% during the 4th quarter. Rhumbline Advisers now owns 91,572 shares of the company's stock worth $2,026,000 after acquiring an additional 1,075 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 news, CEO Bahram Akradi sold 5,000,000 shares of the company's stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 2,993,849 shares of the company's stock, valued at approximately $90,204,670.37. This represents a 62.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 8.70% of the company's stock.
Wall Street Analysts Forecast Growth
Several research firms have commented on LTH. Mizuho upped their price objective on shares of Life Time Group from $38.00 to $41.00 and gave the company an "outperform" rating in a report on Wednesday, March 5th. Craig Hallum lifted their price objective on shares of Life Time Group from $40.00 to $45.00 and gave the company a "buy" rating in a research note on Friday, February 28th. Morgan Stanley increased their target price on Life Time Group from $33.00 to $34.00 and gave the stock an "equal weight" rating in a research report on Friday, May 9th. The Goldman Sachs Group raised 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, Wells Fargo & Company set a $28.00 price objective on Life Time Group and gave the company a "hold" rating in a research note on Thursday, February 27th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $35.92.
Get Our Latest Stock Report on LTH
Life Time Group Price Performance
LTH traded down $0.56 on Thursday, reaching $28.70. The company had a trading volume of 1,853,977 shares, compared to its average volume of 1,666,732. Life Time Group Holdings, Inc. has a 52-week low of $14.75 and a 52-week high of $34.99. The business has a 50 day simple moving average of $30.43 and a 200 day simple moving average of $27.64. The company has a market cap of $6.30 billion, a price-to-earnings ratio of 41.59, 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 quick ratio of 0.46 and a current ratio of 0.59.
Life Time Group (NYSE:LTH - Get Free Report) last issued its 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. The business had revenue of $706.04 million during 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 revenue for the quarter was up 18.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.15 earnings per share. As a group, sell-side analysts anticipate that Life Time Group Holdings, Inc. will post 0.74 EPS for the current year.
About Life Time Group
(
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.
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