Graham Capital Management L.P. Invests $1.72 Million in Life Time Group Holdings, Inc. (NYSE:LTH)

Graham Capital Management L.P. acquired a new position in shares of Life Time Group Holdings, Inc. (NYSE:LTH) during the 4th quarter, Holdings Channel reports. The fund acquired 77,895 shares of the company’s stock, valued at approximately $1,723,000.

Several other hedge funds have also made changes to their positions in the business. Dnca Finance raised its position in shares of Life Time Group by 11.9% in the 4th quarter. Dnca Finance now owns 3,830 shares of the company’s stock worth $85,000 after buying an additional 407 shares during the period. Summit Investment Advisors Inc. raised its position in shares of Life Time Group by 12.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 6,478 shares of the company’s stock worth $143,000 after buying an additional 712 shares during the period. Bank of New York Mellon Corp raised its position in shares of Life Time Group by 0.4% in the 4th quarter. Bank of New York Mellon Corp now owns 219,915 shares of the company’s stock worth $4,865,000 after buying an additional 788 shares during the period. Moody National Bank Trust Division raised its position in shares of Life Time Group by 1.0% in the 4th quarter. Moody National Bank Trust Division now owns 92,101 shares of the company’s stock worth $2,037,000 after buying an additional 911 shares during the period. Finally, Rhumbline Advisers raised its position in shares of Life Time Group by 1.2% in the 4th quarter. Rhumbline Advisers now owns 91,572 shares of the company’s stock worth $2,026,000 after buying an additional 1,075 shares during the period. Institutional investors and hedge funds own 79.40% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Evercore ISI set a $38.00 target price on Life Time Group and gave the stock a “buy” rating in a research report on Thursday, February 27th. Deutsche Bank Aktiengesellschaft set a $36.00 target price on Life Time Group and gave the stock a “buy” rating in a research report on Monday, March 3rd. Oppenheimer raised their price objective 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. Guggenheim raised their price objective 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. Finally, BMO Capital Markets set a $28.00 price objective on Life Time Group and gave the company a “hold” rating in a research report on Friday, March 14th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.92.

Insider Activity

In other news, CEO Bahram Akradi sold 5,000,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief executive officer now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 8.70% of the company’s stock.

Life Time Group Stock Down 6.9%

Shares of Life Time Group stock opened at $28.64 on Monday. The business has a 50-day moving average of $30.48 and a 200-day moving average of $27.57. 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 market capitalization of $6.13 billion, a PE ratio of 41.51, a P/E/G ratio of 0.81 and a beta of 1.86. Life Time Group Holdings, Inc. has a 1-year low of $14.56 and a 1-year high of $34.99.

Life Time Group (NYSE:LTH) last announced its earnings results on Thursday, May 8th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.12. The company had revenue of $706.04 million during the quarter, compared to the consensus estimate of $684.06 million. Life Time Group had a return on equity of 6.42% and a net margin of 5.67%. The company’s revenue was up 18.3% on a year-over-year basis. During the same period last year, the firm earned $0.15 earnings per share. As a group, equities analysts forecast that Life Time Group Holdings, Inc. will post 0.74 EPS for the current fiscal year.

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.