Tudor Investment Corp ET AL Acquires 266,993 Shares of Life Time Group Holdings, Inc. (NYSE:LTH)

Tudor Investment Corp ET AL grew its stake in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 327.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 348,451 shares of the company's stock after purchasing an additional 266,993 shares during the quarter. Tudor Investment Corp ET AL owned about 0.17% of Life Time Group worth $7,708,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Barclays PLC lifted its stake in Life Time Group by 119.0% in the 3rd quarter. Barclays PLC now owns 248,698 shares of the company's stock valued at $6,073,000 after purchasing an additional 135,116 shares during the last quarter. Franklin Resources Inc. acquired a new stake in shares of Life Time Group in the third quarter valued at approximately $593,000. Lord Abbett & CO. LLC bought a new position in shares of Life Time Group during the 3rd quarter worth approximately $31,575,000. Principal Financial Group Inc. boosted its stake in shares of Life Time Group by 1.3% during the 3rd quarter. Principal Financial Group Inc. now owns 3,646,372 shares of the company's stock worth $89,045,000 after acquiring an additional 46,710 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in shares of Life Time Group by 11.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,569,214 shares of the company's stock worth $87,160,000 after acquiring an additional 356,255 shares during the last quarter. Institutional investors own 79.40% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on LTH shares. Oppenheimer raised their price target on Life Time Group from $33.00 to $43.00 and gave the company an "outperform" rating in a report on Thursday, January 23rd. The Goldman Sachs Group lifted their target price on shares of Life Time Group from $22.00 to $32.00 and gave the stock a "neutral" rating in a report on Monday, March 3rd. Guggenheim increased their price target on shares of Life Time Group from $32.00 to $36.00 and gave the company a "buy" rating in a report on Friday, February 28th. Northland Securities set a $39.00 price objective on shares of Life Time Group and gave the stock a "buy" rating in a research report on Thursday, February 27th. Finally, BMO Capital Markets set a $28.00 target price on Life Time Group and gave the company a "hold" rating in a research report on Friday, March 14th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $35.62.

Insider Transactions at Life Time Group

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

Life Time Group Price Performance

Life Time Group stock traded up $1.47 during mid-day trading on Friday, reaching $32.37. 1,389,071 shares of the company were exchanged, compared to its average volume of 1,607,197. The firm has a market cap of $6.92 billion, a PE ratio of 46.91, a PEG ratio of 0.81 and a beta of 1.87. 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 simple moving average of $30.45 and a 200-day simple moving average of $27.33. Life Time Group Holdings, Inc. has a 12 month low of $13.99 and a 12 month high of $33.64.

Life Time Group Company 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.