Life Time Group Holdings, Inc. (NYSE:LTH) Shares Sold by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. reduced its stake in Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 75.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,630 shares of the company's stock after selling 10,930 shares during the quarter. Daiwa Securities Group Inc.'s holdings in Life Time Group were worth $80,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bank of New York Mellon Corp lifted its position in Life Time Group by 0.4% during the fourth quarter. Bank of New York Mellon Corp now owns 219,915 shares of the company's stock worth $4,865,000 after buying an additional 788 shares during the period. Moody National Bank Trust Division increased its stake in 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. Rhumbline Advisers increased its stake in Life Time Group by 1.2% during 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 stake in 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 acquiring an additional 1,100 shares during the last quarter. Finally, R Squared Ltd acquired a new stake in Life Time Group during the fourth quarter worth about $42,000. 79.40% of the stock is currently owned by hedge funds and other institutional investors.

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Life Time Group Stock Performance

NYSE:LTH traded down $0.33 during trading hours on Friday, reaching $30.64. 2,344,037 shares of the stock were exchanged, compared to its average volume of 1,417,224. The company has a quick ratio of 0.46, a current ratio of 0.59 and a debt-to-equity ratio of 0.64. The firm has a 50 day simple moving average of $29.75 and a 200-day simple moving average of $25.93. Life Time Group Holdings, Inc. has a 52 week low of $12.34 and a 52 week high of $33.64. The stock has a market capitalization of $6.42 billion, a P/E ratio of 44.40, a P/E/G ratio of 0.81 and a beta of 1.93.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Northland Securities upped their price target on Life Time Group from $29.00 to $31.50 and gave the stock an "outperform" rating in a research note on Friday, January 17th. Oppenheimer increased their target price 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. Craig Hallum increased their target price on Life Time Group from $40.00 to $45.00 and gave the company a "buy" rating in a research note on Friday, February 28th. Guggenheim increased their target price on Life Time Group from $32.00 to $36.00 and gave the company a "buy" rating in a research note on Friday, February 28th. Finally, Wells Fargo & Company increased their target price on Life Time Group from $26.00 to $28.00 and gave the company an "equal weight" rating in a research note on Friday, January 17th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Life Time Group has a consensus rating of "Moderate Buy" and a consensus target price of $33.86.

Insiders Place Their Bets

In related news, CEO Bahram Akradi sold 5,000,000 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The stock was 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 owns 2,993,849 shares of the company's stock, valued at approximately $90,204,670.37. This trade represents a 62.55 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Ritadhwaja Jebens Singh sold 6,810 shares of the firm's stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $30.00, for a total value of $204,300.00. Following the completion of the sale, the executive vice president now directly owns 136,220 shares in the company, valued at approximately $4,086,600. This trade represents a 4.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,082,147 shares of company stock valued at $152,891,556 in the last quarter. Insiders own 12.50% of the company's stock.

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.