Life Time Group Holdings, Inc. (NYSE:LTH) Shares Bought by Federated Hermes Inc.

Federated Hermes Inc. grew its stake in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 31.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 103,576 shares of the company's stock after acquiring an additional 24,827 shares during the period. Federated Hermes Inc. owned about 0.05% of Life Time Group worth $2,291,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Jane Street Group LLC boosted its position in Life Time Group by 146.8% during the third quarter. Jane Street Group LLC now owns 182,054 shares of the company's stock worth $4,446,000 after purchasing an additional 108,283 shares in the last quarter. Franklin Resources Inc. acquired a new stake in Life Time Group in the 3rd quarter valued at about $593,000. JPMorgan Chase & Co. increased its holdings in Life Time Group by 11.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,569,214 shares of the company's stock valued at $87,160,000 after acquiring an additional 356,255 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Life Time Group by 11.3% in the third quarter. Geode Capital Management LLC now owns 1,497,842 shares of the company's stock valued at $36,585,000 after purchasing an additional 152,504 shares in the last quarter. Finally, Burns Matteson Capital Management LLC acquired a new stake in shares of Life Time Group in the fourth quarter valued at approximately $331,000. Hedge funds and other institutional investors own 79.40% of the company's stock.

Life Time Group Trading Up 0.2 %

Shares of NYSE LTH traded up $0.07 during midday trading on Friday, hitting $31.30. The stock had a trading volume of 1,523,059 shares, compared to its average volume of 1,571,782. The company has a fifty day moving average price of $30.70 and a 200 day moving average price of $26.87. The company has a market capitalization of $6.69 billion, a price-to-earnings ratio of 45.36, a PEG ratio of 0.81 and a beta of 1.87. Life Time Group Holdings, Inc. has a 1-year low of $12.34 and a 1-year high of $33.64. The company has a quick ratio of 0.46, a current ratio of 0.59 and a debt-to-equity ratio of 0.64.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on LTH shares. Northland Securities set a $39.00 target price on Life Time Group and gave the company a "buy" rating in a research note on Thursday, February 27th. Bank of America set a $40.00 price objective on Life Time Group and gave the stock a "buy" rating in a research report on Monday, March 3rd. Craig Hallum raised their price target 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. Morgan Stanley boosted their price objective on shares of Life Time Group from $29.00 to $30.00 and gave the company an "equal weight" rating in a research report on Monday, February 24th. Finally, Wells Fargo & Company set a $28.00 price target on Life Time Group and gave the stock a "hold" rating in a research note on Thursday, February 27th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, Life Time Group presently has an average rating of "Moderate Buy" and an average price target of $35.62.

Insider Buying and Selling at Life Time Group

In other news, CFO Erik Weaver sold 1,741 shares of the business's stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $29.62, for a total transaction of $51,568.42. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Ritadhwaja Jebens Singh sold 48,596 shares of the firm's stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $28.00, for a total transaction of $1,360,688.00. Following the sale, the executive vice president now directly owns 143,030 shares of the company's stock, valued at approximately $4,004,840. The trade was a 25.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,057,147 shares of company stock valued at $152,266,556 over the last ninety days. Corporate insiders own 8.70% of the company's stock.

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.