Brevan Howard Capital Management LP Makes New $945,000 Investment in Life Time Group Holdings, Inc. (NYSE:LTH)

Brevan Howard Capital Management LP purchased a new position in Life Time Group Holdings, Inc. (NYSE:LTH) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 42,706 shares of the company’s stock, valued at approximately $945,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Dnca Finance increased its stake in 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 in the last quarter. Summit Investment Advisors Inc. raised its stake in Life Time Group by 12.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 6,478 shares of the company’s stock valued at $143,000 after purchasing an additional 712 shares during the period. Bank of New York Mellon Corp lifted its holdings in 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 purchasing an additional 788 shares in the last quarter. Moody National Bank Trust Division boosted its stake in 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 purchasing an additional 911 shares during the period. Finally, Rhumbline Advisers grew its holdings in Life Time Group by 1.2% during the 4th quarter. Rhumbline Advisers now owns 91,572 shares of the company’s stock valued at $2,026,000 after buying an additional 1,075 shares in the last quarter. 79.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on LTH. The Goldman Sachs Group raised their price target on Life Time Group from $22.00 to $32.00 and gave the company a “neutral” rating in a report on Monday, March 3rd. Oppenheimer boosted their target price on shares of Life Time Group from $33.00 to $43.00 and gave the company an “outperform” rating in a research note on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft set a $36.00 price objective on Life Time Group and gave the stock a “buy” rating in a research note on Monday, March 3rd. Guggenheim raised their target price on shares of 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, Morgan Stanley lifted their price target on Life Time Group from $29.00 to $30.00 and gave the company an “equal weight” rating in a report on Monday, February 24th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $35.62.

Life Time Group Stock Up 2.4 %

LTH stock opened at $32.98 on Thursday. The stock has a market capitalization of $7.05 billion, a PE ratio of 47.79, a price-to-earnings-growth ratio of 0.81 and a beta of 1.86. Life Time Group Holdings, Inc. has a 52 week low of $14.44 and a 52 week high of $33.64. The company has a quick ratio of 0.46, a current ratio of 0.59 and a debt-to-equity ratio of 0.64. The firm has a 50 day moving average of $30.55 and a 200 day moving average of $27.47.

Insider Buying and Selling

In related news, CEO Bahram Akradi sold 5,000,000 shares of Life Time Group 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 owns 2,993,849 shares of the company’s stock, valued at $90,204,670.37. The trade was a 62.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 8.70% of the stock is currently owned by company insiders.

Life Time Group 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.