Invesco Ltd. Sells 566,556 Shares of Life Time Group Holdings, Inc. (NYSE:LTH)

Invesco Ltd. trimmed its holdings in Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 23.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,849,135 shares of the company's stock after selling 566,556 shares during the period. Invesco Ltd. owned about 0.89% of Life Time Group worth $40,903,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of LTH. FMR LLC increased its stake in Life Time Group by 268.2% during the 3rd quarter. FMR LLC now owns 5,011 shares of the company's stock worth $122,000 after purchasing an additional 3,650 shares in the last quarter. State Street Corp boosted its holdings in shares of Life Time Group by 14.1% in the third quarter. State Street Corp now owns 1,421,790 shares of the company's stock valued at $34,720,000 after buying an additional 176,154 shares during the period. Jane Street Group LLC increased its position in shares of 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 acquiring an additional 108,283 shares in the last quarter. Barclays PLC raised its holdings in shares of Life Time Group by 119.0% during the third quarter. Barclays PLC now owns 248,698 shares of the company's stock worth $6,073,000 after acquiring an additional 135,116 shares during the period. Finally, Geode Capital Management LLC lifted its position in Life Time Group by 11.3% in 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 in the last quarter. 79.40% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Life Time Group

In other news, CEO Bahram Akradi sold 5,000,000 shares of Life Time Group 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 completion of the sale, the chief executive officer now directly owns 2,993,849 shares in the company, valued at approximately $90,204,670.37. The trade was a 62.55 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Erik Weaver sold 1,741 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was 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 in the company, valued at $2,854,212.82. This represents a 1.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,057,147 shares of company stock valued at $152,266,556 in the last quarter. Company insiders own 8.70% of the company's stock.

Life Time Group Stock Performance

Shares of LTH traded up $0.07 during midday trading on Friday, reaching $31.30. 1,523,059 shares of the stock were exchanged, compared to its average volume of 1,580,138. 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 stock's 50 day simple moving average is $30.70 and its 200 day simple moving average is $26.92. Life Time Group Holdings, Inc. has a twelve month low of $12.34 and a twelve month high of $33.64. The company has a market cap of $6.69 billion, a P/E ratio of 45.36, a PEG ratio of 0.81 and a beta of 1.87.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Evercore ISI set a $38.00 price target on Life Time Group and gave the company a "buy" rating in a report on Thursday, February 27th. Oppenheimer lifted their price objective on shares of Life Time Group from $33.00 to $43.00 and gave the company an "outperform" rating in a report on Thursday, January 23rd. The Goldman Sachs Group increased their target price on shares of Life Time Group from $22.00 to $32.00 and gave the stock a "neutral" rating in a report on Monday, March 3rd. Wells Fargo & Company set a $28.00 price target on shares of Life Time Group and gave the stock a "hold" rating in a research report on Thursday, February 27th. Finally, Craig Hallum upped their target price on Life Time Group from $40.00 to $45.00 and gave the stock a "buy" rating in a report on Friday, February 28th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Life Time Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $35.62.

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.