Precision Wealth Strategies LLC Purchases New Position in Life Time Group Holdings, Inc. (NYSE:LTH)

Precision Wealth Strategies LLC bought a new position in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 17,510 shares of the company's stock, valued at approximately $387,000.

Other institutional investors also recently modified their holdings of the company. R Squared Ltd acquired a new position in Life Time Group in the 4th quarter valued at $42,000. Park Avenue Securities LLC bought a new position in shares of Life Time Group during the fourth quarter worth about $542,000. Moody National Bank Trust Division raised its position 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 acquiring an additional 911 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Life Time Group by 11.1% during the third quarter. JPMorgan Chase & Co. now owns 3,569,214 shares of the company's stock worth $87,160,000 after acquiring an additional 356,255 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Life Time Group by 1.3% during the third quarter. Principal Financial Group Inc. now owns 3,646,372 shares of the company's stock worth $89,045,000 after acquiring an additional 46,710 shares during the last quarter. 79.40% of the stock is currently owned by institutional investors and hedge funds.

Life Time Group Price Performance

Shares of NYSE:LTH traded up $0.04 on Wednesday, reaching $30.59. The company's stock had a trading volume of 808,060 shares, compared to its average volume of 1,853,825. Life Time Group Holdings, Inc. has a 52-week low of $11.89 and a 52-week high of $30.97. The company has a market cap of $6.33 billion, a P/E ratio of 44.33, a PEG ratio of 0.72 and a beta of 1.94. The company has a 50-day simple moving average of $24.77 and a 200 day simple moving average of $24.14. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.46 and a current ratio of 0.59.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on LTH shares. Wells Fargo & Company raised their price objective on Life Time Group from $26.00 to $28.00 and gave the stock an "equal weight" rating in a research report on Friday, January 17th. Evercore ISI initiated coverage on Life Time Group in a research note on Friday, November 22nd. They issued an "outperform" rating and a $29.00 target price on the stock. Craig Hallum boosted their target price on Life Time Group from $33.00 to $40.00 and gave the company a "buy" rating in a research note on Wednesday, January 22nd. Northland Securities lifted their price target on Life Time Group from $29.00 to $31.50 and gave the company an "outperform" rating in a research report on Friday, January 17th. Finally, Morgan Stanley lifted their price target on Life Time Group from $21.00 to $29.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 16th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $31.77.

Insider Activity

In other Life Time Group news, EVP Ritadhwaja Jebens Singh sold 25,000 shares of the business's stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $25.00, for a total transaction of $625,000.00. Following the sale, the executive vice president now owns 191,626 shares of the company's stock, valued at approximately $4,790,650. The trade was a 11.54 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Parham Javaheri sold 168,000 shares of the company's stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $24.57, for a total transaction of $4,127,760.00. Following the transaction, the executive vice president now owns 243,938 shares of the company's stock, valued at $5,993,556.66. This represents a 40.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 248,406 shares of company stock worth $6,317,748. 12.50% 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.