Bryce Point Capital LLC Invests $485,000 in Life Time Group Holdings, Inc. (NYSE:LTH)

Bryce Point Capital LLC purchased a new stake in Life Time Group Holdings, Inc. (NYSE:LTH) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 21,904 shares of the company’s stock, valued at approximately $485,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LTH. Bank of New York Mellon Corp boosted its stake 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 valued at $4,865,000 after purchasing an additional 788 shares during the last quarter. Moody National Bank Trust Division raised its stake in shares of Life Time Group by 1.0% during the fourth 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 last quarter. Rhumbline Advisers lifted its holdings in Life Time Group by 1.2% in the fourth 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 during the period. Handelsbanken Fonder AB boosted its stake in Life Time Group by 6.4% in the fourth quarter. Handelsbanken Fonder AB now owns 18,400 shares of the company’s stock valued at $407,000 after acquiring an additional 1,100 shares during the last quarter. Finally, Natixis Advisors LLC grew its holdings in Life Time Group by 4.7% during the 4th quarter. Natixis Advisors LLC now owns 35,974 shares of the company’s stock worth $796,000 after acquiring an additional 1,631 shares during the period. 79.40% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Morgan Stanley raised their price target on Life Time Group from $29.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Monday, February 24th. Deutsche Bank Aktiengesellschaft set a $36.00 target price on Life Time Group and gave the stock a “buy” rating in a report on Monday, March 3rd. Evercore ISI set a $38.00 price target on Life Time Group and gave the company a “buy” rating in a research note on Thursday, February 27th. Wells Fargo & Company set a $28.00 price objective on shares of Life Time Group and gave the stock a “hold” rating in a research note on Thursday, February 27th. Finally, Guggenheim increased their target price on shares of Life Time Group from $32.00 to $36.00 and gave the stock a “buy” rating in a report on Friday, February 28th. 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, Life Time Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.62.

Life Time Group Trading Down 4.3 %

Shares of NYSE:LTH opened at $28.06 on Friday. The firm has a market cap of $6.00 billion, a price-to-earnings ratio of 40.66, a PEG ratio of 0.81 and a beta of 1.93. Life Time Group Holdings, Inc. has a 12 month low of $12.34 and a 12 month high of $33.64. The company’s fifty day simple moving average is $30.66 and its 200 day simple moving average is $26.46. 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 Buying and Selling at Life Time Group

In related news, CEO Bahram Akradi sold 5,000,000 shares of the firm’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $30.13, for a total value of $150,650,000.00. Following the completion of the transaction, the chief executive officer now owns 2,993,849 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Ritadhwaja Jebens Singh sold 48,596 shares of Life Time Group stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $28.00, for a total transaction of $1,360,688.00. Following the completion of the sale, the executive vice president now owns 143,030 shares in the company, valued at $4,004,840. The trade was a 25.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,082,147 shares of company stock valued at $152,891,556 in the last 90 days. 8.70% of the stock is currently owned by company insiders.

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.