Jump Financial LLC Makes New Investment in Life Time Group Holdings, Inc. (NYSE:LTH)

Jump Financial LLC purchased a new stake in Life Time Group Holdings, Inc. (NYSE:LTH) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 11,691 shares of the company’s stock, valued at approximately $259,000.

A number of other large investors have also made changes to their positions in the stock. Walleye Capital LLC increased its holdings in shares of Life Time Group by 27.7% in the 4th quarter. Walleye Capital LLC now owns 59,045 shares of the company’s stock valued at $1,306,000 after purchasing an additional 12,818 shares in the last quarter. XTX Topco Ltd purchased a new position in Life Time Group during the 4th quarter valued at about $266,000. Summit Investment Advisors Inc. increased its holdings 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 acquiring an additional 712 shares in the last quarter. Sterling Capital Management LLC increased its holdings in Life Time Group by 892.6% during the 4th quarter. Sterling Capital Management LLC now owns 2,025 shares of the company’s stock valued at $45,000 after acquiring an additional 1,821 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Life Time Group during the 4th quarter valued at about $307,000. Hedge funds and other institutional investors own 79.40% of the company’s stock.

Life Time Group Trading Up 1.3 %

LTH opened at $31.15 on Monday. The firm has a market capitalization of $6.66 billion, a P/E ratio of 45.15, a P/E/G ratio of 0.81 and a beta of 1.87. The firm’s 50 day moving average is $30.50 and its 200-day moving average is $27.15. Life Time Group Holdings, Inc. has a 52-week low of $12.34 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.

Insider Activity

In related news, EVP Ritadhwaja Jebens Singh sold 6,810 shares of the company’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $30.00, for a total value of $204,300.00. Following the sale, the executive vice president now directly owns 136,220 shares of the company’s stock, valued at $4,086,600. This represents a 4.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Bahram Akradi sold 5,000,000 shares of the firm’s stock in a transaction on 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 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 disclosure for this sale can be found here. Insiders have sold 5,008,551 shares of company stock worth $150,905,868 over the last 90 days. Company insiders own 8.70% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on LTH. Oppenheimer raised their target price on shares of Life Time Group from $33.00 to $43.00 and gave the company an “outperform” rating in a report on Thursday, January 23rd. Guggenheim raised their price target on shares of Life Time Group from $32.00 to $36.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. BMO Capital Markets set a $28.00 target price on shares of Life Time Group and gave the stock a “hold” rating in a research report on Friday, March 14th. Wells Fargo & Company set a $28.00 target price on shares of Life Time Group and gave the stock a “hold” rating in a research report on Thursday, February 27th. Finally, Mizuho raised their target price on shares of Life Time Group from $38.00 to $41.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 5th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Life Time Group currently has a consensus rating of “Moderate Buy” and a consensus price target 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.