KLP Kapitalforvaltning AS Purchases Shares of 14,000 Life Time Group Holdings, Inc. (NYSE:LTH)

KLP Kapitalforvaltning AS purchased a new position in Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,000 shares of the company's stock, valued at approximately $310,000.

A number of other institutional investors have also added to or reduced their stakes in LTH. Charles Schwab Investment Management Inc. grew its position in shares of Life Time Group by 20.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 586,841 shares of the company's stock worth $14,331,000 after buying an additional 100,022 shares during the period. The Manufacturers Life Insurance Company grew its holdings in Life Time Group by 15.9% in the third quarter. The Manufacturers Life Insurance Company now owns 43,298 shares of the company's stock worth $1,057,000 after purchasing an additional 5,928 shares during the period. FMR LLC increased its stake in shares of Life Time Group by 268.2% during the third quarter. FMR LLC now owns 5,011 shares of the company's stock valued at $122,000 after purchasing an additional 3,650 shares in the last quarter. Centiva Capital LP purchased a new position in shares of Life Time Group during the third quarter valued at approximately $681,000. Finally, Point72 DIFC Ltd bought a new stake in shares of Life Time Group in the 3rd quarter worth approximately $437,000. Institutional investors own 79.40% of the company's stock.

Life Time Group Stock Performance

NYSE:LTH traded down $0.55 during trading hours on Thursday, reaching $30.20. The company had a trading volume of 1,837,393 shares, compared to its average volume of 1,545,370. The firm's 50 day moving average price is $30.64 and its 200-day moving average price is $26.64. The firm has a market cap of $6.46 billion, a price-to-earnings ratio of 43.76, a PEG ratio of 0.81 and a beta of 1.87. The company has a current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 0.64. Life Time Group Holdings, Inc. has a 52 week low of $12.34 and a 52 week high of $33.64.

Insider Activity at Life Time Group

In other news, EVP Ritadhwaja Jebens Singh sold 6,810 shares of the company's stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $30.00, for a total value of $204,300.00. Following the completion of the sale, the executive vice president now directly owns 136,220 shares in the company, valued at $4,086,600. This represents a 4.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Bahram Akradi sold 5,000,000 shares of Life Time Group 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 transaction, the chief executive officer now owns 2,993,849 shares in the company, valued at $90,204,670.37. This trade represents a 62.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,082,147 shares of company stock worth $152,891,556. 8.70% of the stock is owned by insiders.

Analysts Set New Price Targets

LTH has been the subject of a number of recent research reports. Mizuho lifted their price objective on Life Time Group from $38.00 to $41.00 and gave the company an "outperform" rating in a research note on Wednesday, March 5th. Northland Securities set a $39.00 price target on Life Time Group and gave the company a "buy" rating in a report on Thursday, February 27th. Deutsche Bank Aktiengesellschaft set a $36.00 price target on shares of Life Time Group and gave the stock a "buy" rating in a research note on Monday, March 3rd. Royal Bank of Canada set a $35.00 price objective on shares of Life Time Group and gave the company a "buy" rating in a research note on Thursday, February 27th. Finally, Oppenheimer upped their target price 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. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Life Time Group has an average rating of "Moderate Buy" and a consensus target price of $35.62.

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.