14,964 Shares in Life Time Group Holdings, Inc. (NYSE:LTH) Acquired by Burns Matteson Capital Management LLC

Burns Matteson Capital Management LLC purchased a new stake in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 14,964 shares of the company's stock, valued at approximately $331,000.

A number of other large investors also recently bought and sold shares of LTH. Principal Financial Group Inc. increased its holdings in shares of Life Time Group by 1.3% during the 3rd quarter. Principal Financial Group Inc. now owns 3,646,372 shares of the company's stock valued at $89,045,000 after purchasing an additional 46,710 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Life Time Group by 11.1% in the third quarter. JPMorgan Chase & Co. now owns 3,569,214 shares of the company's stock valued at $87,160,000 after buying an additional 356,255 shares in the last quarter. Loomis Sayles & Co. L P raised its position in shares of Life Time Group by 33.1% in the third quarter. Loomis Sayles & Co. L P now owns 3,050,253 shares of the company's stock worth $74,487,000 after acquiring an additional 758,757 shares during the period. Geode Capital Management LLC boosted its stake in shares of Life Time Group by 11.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,497,842 shares of the company's stock worth $36,585,000 after acquiring an additional 152,504 shares in the last quarter. Finally, State Street Corp grew its position in shares of Life Time Group by 14.1% during the 3rd quarter. State Street Corp now owns 1,421,790 shares of the company's stock valued at $34,720,000 after acquiring an additional 176,154 shares during the period. 79.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on LTH shares. Mizuho upped their price target on Life Time Group from $32.00 to $38.00 and gave the stock an "outperform" rating in a report on Friday, January 24th. Evercore ISI started coverage on Life Time Group in a research note on Friday, November 22nd. They set an "outperform" rating and a $29.00 target price for the company. Guggenheim reiterated a "buy" rating and set a $32.00 target price (up previously from $29.00) on shares of Life Time Group in a research report on Friday, January 17th. Craig Hallum boosted their price target on shares of Life Time Group from $33.00 to $40.00 and gave the stock a "buy" rating in a report on Wednesday, January 22nd. Finally, Oppenheimer increased their price objective 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. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $31.77.

Life Time Group Price Performance

LTH traded up $0.58 on Thursday, reaching $32.38. 2,241,692 shares of the company's stock were exchanged, compared to its average volume of 1,857,172. Life Time Group Holdings, Inc. has a twelve month low of $11.89 and a twelve month high of $32.53. The stock has a market cap of $6.70 billion, a PE ratio of 46.92, a P/E/G ratio of 0.76 and a beta of 1.94. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.59 and a quick ratio of 0.46. The stock's fifty day moving average price is $25.61 and its 200-day moving average price is $24.55.

Insiders Place Their Bets

In related news, EVP Ritadhwaja Jebens Singh sold 6,810 shares of Life Time Group stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $30.00, for a total transaction of $204,300.00. Following the transaction, the executive vice president now owns 136,220 shares in the company, valued at approximately $4,086,600. This trade represents a 4.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Parham Javaheri sold 168,000 shares of Life Time Group stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $24.57, for a total value of $4,127,760.00. Following the transaction, the executive vice president now owns 243,938 shares in the company, valued at approximately $5,993,556.66. The trade was a 40.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 250,147 shares of company stock valued at $6,369,316 in the last ninety days. 12.50% of the stock is currently owned by corporate insiders.

Life Time Group Company 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.