Nebula Research & Development LLC Buys New Shares in Life Time Group Holdings, Inc. (NYSE:LTH)

Nebula Research & Development LLC acquired a new position in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 52,826 shares of the company's stock, valued at approximately $1,169,000.

Other hedge funds have also added to or reduced their stakes in the company. Barclays PLC raised its stake in shares of Life Time Group by 119.0% in the third quarter. Barclays PLC now owns 248,698 shares of the company's stock valued at $6,073,000 after buying an additional 135,116 shares during the period. Franklin Resources Inc. bought a new position in Life Time Group in the 3rd quarter worth approximately $593,000. Lord Abbett & CO. LLC purchased a new position in Life Time Group in the 3rd quarter valued at approximately $31,575,000. Principal Financial Group Inc. lifted its position in shares of Life Time Group by 1.3% during the third 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 in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Life Time Group by 11.1% in the third 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 period. Institutional investors own 79.40% of the company's stock.

Life Time Group Stock Up 4.6 %

NYSE:LTH traded up $1.43 during trading hours on Friday, reaching $32.33. 641,775 shares of the company traded hands, compared to its average volume of 1,603,611. Life Time Group Holdings, Inc. has a 1 year low of $13.09 and a 1 year high of $33.64. The company has a current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 0.64. The business's 50-day moving average price is $30.42 and its two-hundred day moving average price is $27.28. The stock has a market capitalization of $6.91 billion, a P/E ratio of 46.91, a P/E/G ratio of 0.81 and a beta of 1.87.

Insider Buying and Selling at Life Time Group

In other Life Time Group news, CEO Bahram Akradi sold 5,000,000 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $30.13, for a total value 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. This trade represents a 62.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Erik Weaver sold 1,741 shares of Life Time Group 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 sale, the chief financial officer now owns 96,361 shares of the company's stock, valued at $2,854,212.82. The trade was a 1.77 % decrease in their position. The disclosure for this sale can be found here. 8.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

LTH has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft set a $36.00 price target on Life Time Group and gave the company a "buy" rating in a research report on Monday, March 3rd. Evercore ISI set a $38.00 price target on shares of Life Time Group and gave the stock a "buy" rating in a report on Thursday, February 27th. 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. Oppenheimer raised their price target on Life Time Group from $33.00 to $43.00 and gave the company an "outperform" rating in a research report on Thursday, January 23rd. Finally, Bank of America set a $40.00 price objective on Life Time Group and gave the company a "buy" rating in a research report on Monday, March 3rd. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $35.62.

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.