Royce & Associates LP lifted its position in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 117.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 178,000 shares of the company's stock after buying an additional 96,000 shares during the period. Royce & Associates LP owned about 0.09% of Life Time Group worth $3,937,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Jane Street Group LLC boosted 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 buying an additional 108,283 shares during the period. Franklin Resources Inc. acquired a new position in shares of Life Time Group during the third quarter worth about $593,000. Quadrature Capital Ltd acquired a new position in shares of Life Time Group during the third quarter worth about $697,000. JPMorgan Chase & Co. boosted its position in shares of Life Time Group by 11.1% during the third quarter. JPMorgan Chase & Co. now owns 3,569,214 shares of the company's stock worth $87,160,000 after buying an additional 356,255 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Life Time Group by 11.3% during the third quarter. Geode Capital Management LLC now owns 1,497,842 shares of the company's stock worth $36,585,000 after buying an additional 152,504 shares during the period. 79.40% of the stock is owned by institutional investors and hedge funds.
Life Time Group Price Performance
Life Time Group stock traded down $0.33 during mid-day trading on Friday, reaching $30.64. 2,344,141 shares of the company were exchanged, compared to its average volume of 1,421,641. The company has a fifty day simple moving average of $29.89 and a 200-day simple moving average of $26.00. Life Time Group Holdings, Inc. has a 12 month low of $12.34 and a 12 month high of $33.64. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.59 and a quick ratio of 0.46. The firm has a market cap of $6.42 billion, a PE ratio of 44.40, a PEG ratio of 0.81 and a beta of 1.93.
Insiders Place Their Bets
In other Life Time Group news, CEO Bahram Akradi sold 5,000,000 shares of the firm's stock in a transaction 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 can be accessed through the SEC website. 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 value of $1,360,688.00. Following the completion of the sale, the executive vice president now directly owns 143,030 shares in the company, valued at approximately $4,004,840. This represents a 25.36 % 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 worth $152,891,556 in the last 90 days. Company insiders own 12.50% of the company's stock.
Wall Street Analysts Forecast Growth
Several research analysts recently commented on the company. Northland Securities increased their price target on Life Time Group from $29.00 to $31.50 and gave the company an "outperform" rating in a research report on Friday, January 17th. Morgan Stanley raised their price objective on 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. Guggenheim raised their price objective on Life Time Group from $32.00 to $36.00 and gave the company a "buy" rating in a research report on Friday, February 28th. The Goldman Sachs Group raised their price objective on Life Time Group from $22.00 to $32.00 and gave the company a "neutral" rating in a research report on Monday, March 3rd. Finally, Wells Fargo & Company increased their target price on Life Time Group from $26.00 to $28.00 and gave the stock an "equal weight" rating in a research note on Friday, January 17th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $33.86.
Check Out Our Latest Stock Analysis on Life Time Group
Life Time Group Company Profile
(
Free Report)
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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