Hood River Capital Management LLC Buys 64,613 Shares of Life Time Group Holdings, Inc. (NYSE:LTH)

Hood River Capital Management LLC raised its position in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 2.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,787,210 shares of the company's stock after purchasing an additional 64,613 shares during the period. Hood River Capital Management LLC owned about 1.35% of Life Time Group worth $61,653,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in LTH. R Squared Ltd purchased a new stake in shares of Life Time Group during the 4th quarter valued at $42,000. Sterling Capital Management LLC lifted its holdings in Life Time Group by 892.6% in the fourth quarter. Sterling Capital Management LLC now owns 2,025 shares of the company's stock valued at $45,000 after acquiring an additional 1,821 shares during the period. Dnca Finance boosted its holdings in Life Time Group by 11.9% during the fourth quarter. Dnca Finance now owns 3,830 shares of the company's stock worth $85,000 after buying an additional 407 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Life Time Group during the 4th quarter valued at about $88,000. Finally, Principal Securities Inc. purchased a new stake in shares of Life Time Group in the fourth quarter valued at approximately $98,000. 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 stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $29.62, for a total transaction of $51,568.42. Following the completion of the sale, the chief financial officer now owns 96,361 shares in the company, valued at approximately $2,854,212.82. This represents a 1.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Ritadhwaja Jebens Singh sold 6,810 shares of the 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 sale, the executive vice president now directly owns 136,220 shares of the company's stock, valued at $4,086,600. The trade was a 4.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,008,551 shares of company stock worth $150,905,868 over the last three months. Insiders own 8.70% of the company's stock.

Life Time Group Stock Performance

Shares of LTH stock opened at $29.91 on Wednesday. The company has a market cap of $6.40 billion, a P/E ratio of 43.34, a PEG ratio of 0.81 and a beta of 1.87. The firm has a fifty day moving average price of $30.60 and a 200 day moving average price of $27.01. The company has a current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 0.64. Life Time Group Holdings, Inc. has a 12 month low of $12.34 and a 12 month high of $33.64.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on LTH shares. Guggenheim raised their price objective on Life Time Group from $32.00 to $36.00 and gave the company a "buy" rating in a report on Friday, February 28th. Bank of America set a $40.00 target price on shares of Life Time Group and gave the company a "buy" rating in a report on Monday, March 3rd. Evercore ISI set a $38.00 price target on shares of Life Time Group and gave the stock a "buy" rating in a report on Thursday, February 27th. Wells Fargo & Company set a $28.00 price objective on Life Time Group and gave the company a "hold" rating in a report on Thursday, February 27th. Finally, Northland Securities set a $39.00 price objective on Life Time Group and gave the stock a "buy" rating in a research report on Thursday, February 27th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Life Time Group currently has an average rating of "Moderate Buy" and an average price target of $35.62.

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.

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