Connor Clark & Lunn Investment Management Ltd. Buys New Shares in Life Time Group Holdings, Inc. (NYSE:LTH)

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 54,680 shares of the company's stock, valued at approximately $1,210,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. grew its position in Life Time Group by 1.3% in the 3rd quarter. Principal Financial Group Inc. now owns 3,646,372 shares of the company's stock worth $89,045,000 after purchasing an additional 46,710 shares in the last quarter. JPMorgan Chase & Co. grew its position in Life Time Group by 11.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,569,214 shares of the company's stock worth $87,160,000 after purchasing an additional 356,255 shares in the last quarter. Loomis Sayles & Co. L P grew its position in Life Time Group by 33.1% in the 3rd quarter. Loomis Sayles & Co. L P now owns 3,050,253 shares of the company's stock worth $74,487,000 after purchasing an additional 758,757 shares in the last quarter. Geode Capital Management LLC grew its position 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 valued at $36,585,000 after acquiring an additional 152,504 shares during the period. 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.

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Life Time Group Price Performance

NYSE LTH traded down $0.33 on Friday, hitting $30.64. The stock had a trading volume of 2,344,141 shares, compared to its average volume of 1,421,641. Life Time Group Holdings, Inc. has a 52-week low of $12.34 and a 52-week high of $33.64. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.46 and a current ratio of 0.59. The company has a market capitalization of $6.42 billion, a price-to-earnings ratio of 44.40, a price-to-earnings-growth ratio of 0.81 and a beta of 1.93. The firm has a 50-day moving average of $29.89 and a 200-day moving average of $26.00.

Analyst Ratings Changes

A number of research firms have recently weighed in on LTH. Oppenheimer increased their target price on shares of Life Time Group from $33.00 to $43.00 and gave the company an "outperform" rating in a research report on Thursday, January 23rd. Northland Securities increased their target price on shares of Life Time Group from $29.00 to $31.50 and gave the company an "outperform" rating in a research report on Friday, January 17th. Mizuho increased their target price on shares of Life Time Group from $38.00 to $41.00 and gave the company an "outperform" rating in a research report on Wednesday, March 5th. Wells Fargo & Company increased their target price on shares of Life Time Group from $26.00 to $28.00 and gave the company an "equal weight" rating in a research report on Friday, January 17th. Finally, The Goldman Sachs Group increased their target price on shares of Life Time Group from $22.00 to $32.00 and gave the company a "neutral" rating in a research report on Monday, March 3rd. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $33.86.

Insiders Place Their Bets

In other Life Time Group news, CEO Bahram Akradi sold 5,000,000 shares of the stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 2,993,849 shares in the company, valued at $90,204,670.37. This represents a 62.55 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Ritadhwaja Jebens Singh sold 25,000 shares of the 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 sale, the executive vice president now owns 191,626 shares in the company, valued at $4,790,650. This represents a 11.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,082,147 shares of company stock worth $152,891,556 in the last three months. 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.