Life Time Group Holdings, Inc. (NYSE:LTH) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its stake in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 2.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 602,371 shares of the company's stock after purchasing an additional 15,530 shares during the period. Charles Schwab Investment Management Inc. owned 0.29% of Life Time Group worth $13,324,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Bank of New York Mellon Corp lifted its stake in Life Time Group by 0.4% in the 4th quarter. Bank of New York Mellon Corp now owns 219,915 shares of the company's stock valued at $4,865,000 after buying an additional 788 shares in the last quarter. Moody National Bank Trust Division lifted its position in shares of Life Time Group by 1.0% in the fourth quarter. Moody National Bank Trust Division now owns 92,101 shares of the company's stock valued at $2,037,000 after acquiring an additional 911 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of Life Time Group by 1.2% in the fourth quarter. Rhumbline Advisers now owns 91,572 shares of the company's stock worth $2,026,000 after acquiring an additional 1,075 shares during the last quarter. Handelsbanken Fonder AB increased its position in shares of Life Time Group by 6.4% during the fourth quarter. Handelsbanken Fonder AB now owns 18,400 shares of the company's stock worth $407,000 after purchasing an additional 1,100 shares in the last quarter. Finally, R Squared Ltd acquired a new position in Life Time Group in the 4th quarter valued at $42,000. Institutional investors and hedge funds own 79.40% of the company's stock.

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Insider Activity at Life Time Group

In other news, CFO Erik Weaver sold 1,741 shares of the business's stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 96,361 shares of the company's stock, valued at approximately $2,854,212.82. The trade was a 1.77 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Ritadhwaja Jebens Singh sold 25,000 shares of the company's stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $25.00, for a total transaction of $625,000.00. Following the completion of the transaction, the executive vice president now owns 191,626 shares in the company, valued at approximately $4,790,650. This represents a 11.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,082,147 shares of company stock worth $152,891,556. Company insiders own 12.50% of the company's stock.

Life Time Group Trading Up 0.3 %

Shares of Life Time Group stock traded up $0.11 during trading hours on Tuesday, hitting $32.58. The company's stock had a trading volume of 1,818,012 shares, compared to its average volume of 1,424,186. The stock has a market cap of $6.83 billion, a price-to-earnings ratio of 47.22, a P/E/G ratio of 0.81 and a beta of 1.93. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.46 and a current ratio of 0.59. Life Time Group Holdings, Inc. has a twelve month low of $12.34 and a twelve month high of $33.64. The firm has a fifty day moving average of $30.06 and a 200-day moving average of $26.08.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on LTH shares. 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. Wells Fargo & Company increased their price objective on shares of Life Time Group from $26.00 to $28.00 and gave the company an "equal weight" rating in a report on Friday, January 17th. Morgan Stanley boosted their target price on Life Time Group from $29.00 to $30.00 and gave the stock an "equal weight" rating in a report on Monday, February 24th. Craig Hallum increased their price target on Life Time Group from $40.00 to $45.00 and gave the company a "buy" rating in a report on Friday, February 28th. Finally, The Goldman Sachs Group boosted their price objective on Life Time Group from $22.00 to $32.00 and gave the stock a "neutral" rating in a research note on Monday, March 3rd. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $33.86.

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.