Edgestream Partners L.P. Buys Shares of 125,037 Life Time Group Holdings, Inc. (NYSE:LTH)

Edgestream Partners L.P. acquired a new position in Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 125,037 shares of the company's stock, valued at approximately $2,766,000. Edgestream Partners L.P. owned about 0.06% of Life Time Group at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. R Squared Ltd acquired a new position in Life Time Group in the fourth quarter worth approximately $42,000. Farther Finance Advisors LLC boosted its stake in shares of Life Time Group by 105.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,762 shares of the company's stock worth $43,000 after acquiring an additional 906 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Life Time Group in the 3rd quarter worth $60,000. SBI Securities Co. Ltd. acquired a new stake in shares of Life Time Group during the fourth quarter worth $88,000. Finally, Principal Securities Inc. purchased a new stake in shares of Life Time Group during the fourth quarter valued at $98,000. 79.40% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Wells Fargo & Company lifted their price target on Life Time Group from $26.00 to $28.00 and gave the stock an "equal weight" rating in a research note on Friday, January 17th. Guggenheim boosted their price target on shares of Life Time Group from $32.00 to $36.00 and gave the company a "buy" rating in a report on Friday, February 28th. Oppenheimer raised their price objective on shares of Life Time Group from $33.00 to $43.00 and gave the stock an "outperform" rating in a research note on Thursday, January 23rd. Morgan Stanley boosted their target price on shares of Life Time Group from $29.00 to $30.00 and gave the company an "equal weight" rating in a research note on Monday, February 24th. Finally, The Goldman Sachs Group increased their target price on Life Time Group from $22.00 to $32.00 and gave the company a "neutral" rating in a report on Monday, March 3rd. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Life Time Group currently has an average rating of "Moderate Buy" and a consensus price target of $33.86.

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Life Time Group Stock Down 2.3 %

LTH stock traded down $0.64 during mid-day trading on Thursday, hitting $27.87. The stock had a trading volume of 1,349,757 shares, compared to its average volume of 2,411,107. Life Time Group Holdings, Inc. has a 1-year low of $12.34 and a 1-year high of $33.64. The company has a fifty day moving average of $28.94 and a 200 day moving average of $25.70. 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 stock has a market capitalization of $5.84 billion, a price-to-earnings ratio of 40.39, a PEG ratio of 0.81 and a beta of 1.93.

Insider Buying and Selling

In other Life Time Group news, CEO Bahram Akradi sold 5,000,000 shares of the business's stock in a transaction dated 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Ritadhwaja Jebens Singh sold 48,596 shares of the stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $28.00, for a total value of $1,360,688.00. Following the transaction, the executive vice president now directly owns 143,030 shares in the company, valued at approximately $4,004,840. This represents a 25.36 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,082,147 shares of company stock worth $152,891,556. Insiders own 12.50% of the company's stock.

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.