Aigen Investment Management LP Decreases Stake in Life Time Group Holdings, Inc. (NYSE:LTH)

Aigen Investment Management LP trimmed its position in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 49.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 33,041 shares of the company's stock after selling 31,965 shares during the period. Aigen Investment Management LP's holdings in Life Time Group were worth $731,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of LTH. Jane Street Group LLC raised its position in shares of Life Time Group by 146.8% in the third quarter. Jane Street Group LLC now owns 182,054 shares of the company's stock valued at $4,446,000 after purchasing an additional 108,283 shares during the period. Franklin Resources Inc. purchased a new position in Life Time Group in the 3rd quarter valued at approximately $593,000. Quadrature Capital Ltd bought a new stake in Life Time Group during the 3rd quarter valued at $697,000. JPMorgan Chase & Co. lifted 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 in the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Life Time Group by 105.8% in the third quarter. Farther Finance Advisors LLC now owns 1,762 shares of the company's stock worth $43,000 after acquiring an additional 906 shares during the period. 79.40% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Life Time Group

In other news, CFO Erik Weaver sold 1,741 shares of the company's stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $29.62, for a total value of $51,568.42. Following the completion of the sale, the chief financial officer now owns 96,361 shares of the company's stock, valued at approximately $2,854,212.82. This represents a 1.77 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Ritadhwaja Jebens Singh sold 48,596 shares of Life Time Group stock in a transaction on 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 completion of the transaction, the executive vice president now owns 143,030 shares in the company, valued at approximately $4,004,840. The trade was a 25.36 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,082,147 shares of company stock worth $152,891,556 over the last 90 days. Corporate insiders own 12.50% of the company's stock.

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Wall Street Analyst Weigh In

LTH has been the topic of a number of analyst reports. Oppenheimer boosted their price objective on Life Time Group from $33.00 to $43.00 and gave the company an "outperform" rating in a research note on Thursday, January 23rd. Northland Securities upped 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. Evercore ISI began coverage on shares of Life Time Group in a research report on Friday, November 22nd. They issued an "outperform" rating and a $29.00 price objective for the company. Mizuho upped their target price on shares of Life Time Group from $38.00 to $41.00 and gave the stock an "outperform" rating in a report on Wednesday, March 5th. Finally, Craig Hallum increased their target price on shares of Life Time Group from $40.00 to $45.00 and gave the stock a "buy" rating in a research note on Friday, February 28th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $33.86.

Life Time Group Price Performance

Shares of NYSE LTH traded down $1.46 during mid-day trading on Monday, reaching $27.66. 2,844,557 shares of the company were exchanged, compared to its average volume of 2,453,328. Life Time Group Holdings, Inc. has a 52 week low of $12.34 and a 52 week high of $33.64. The company's 50 day moving average price is $28.57 and its 200 day moving average price is $25.63. The stock has a market capitalization of $5.80 billion, a PE ratio of 40.08, a PEG ratio of 0.81 and a beta of 1.93. The company has a quick ratio of 0.46, a current ratio of 0.59 and a debt-to-equity ratio of 0.64.

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.