13,892 Shares in Life Time Group Holdings, Inc. (NYSE:LTH) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new stake in Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 13,892 shares of the company's stock, valued at approximately $307,000.

A number of other large investors have also recently bought and sold shares of LTH. R Squared Ltd purchased a new position in shares of Life Time Group during the 4th quarter worth $42,000. SBI Securities Co. Ltd. purchased a new position in shares of Life Time Group during the 4th quarter worth about $88,000. Principal Securities Inc. acquired a new stake in shares of Life Time Group in the fourth quarter worth approximately $98,000. Smartleaf Asset Management LLC purchased a new stake in Life Time Group in the fourth quarter valued at approximately $115,000. Finally, FMR LLC increased its position in Life Time Group by 268.2% during the third quarter. FMR LLC now owns 5,011 shares of the company's stock worth $122,000 after purchasing an additional 3,650 shares during the last quarter. Institutional investors and hedge funds own 79.40% of the company's stock.

Life Time Group Stock Down 0.1 %

LTH stock traded down $0.04 during trading on Tuesday, reaching $31.81. The stock had a trading volume of 314,095 shares, compared to its average volume of 1,555,669. The firm has a fifty day moving average price of $30.68 and a 200 day moving average price of $26.76. 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 company has a market capitalization of $6.80 billion, a P/E ratio of 46.10, a PEG ratio of 0.81 and a beta of 1.87. Life Time Group Holdings, Inc. has a 1-year low of $12.34 and a 1-year high of $33.64.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on LTH. Craig Hallum lifted their price target on shares of Life Time Group from $40.00 to $45.00 and gave the company a "buy" rating in a report on Friday, February 28th. Guggenheim lifted their target price on Life Time Group from $32.00 to $36.00 and gave the company a "buy" rating in a report on Friday, February 28th. Mizuho upped their price target on Life Time Group from $38.00 to $41.00 and gave the stock an "outperform" rating in a research note on Wednesday, March 5th. Wells Fargo & Company set a $28.00 price objective on Life Time Group and gave the stock a "hold" rating in a report on Thursday, February 27th. Finally, Royal Bank of Canada set a $35.00 target price on Life Time Group and gave the stock a "buy" rating in a report on Thursday, February 27th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Life Time Group has an average rating of "Moderate Buy" and a consensus target price of $35.62.

Insider Buying and Selling

In other news, CEO Bahram Akradi sold 5,000,000 shares of the business's stock in a transaction dated 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 sale, the chief executive officer now owns 2,993,849 shares of the company's stock, valued at approximately $90,204,670.37. The trade was a 62.55 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ritadhwaja Jebens Singh sold 48,596 shares of the stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $28.00, for a total transaction of $1,360,688.00. Following the transaction, the executive vice president now directly owns 143,030 shares in the company, valued at $4,004,840. The trade was a 25.36 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,057,147 shares of company stock worth $152,266,556. 8.70% of the stock is currently owned by corporate 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.