Life Time Group Holdings, Inc. (NYSE:LTH) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its position in Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 2.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,190,447 shares of the company's stock after acquiring an additional 147,295 shares during the period. Dimensional Fund Advisors LP owned about 2.51% of Life Time Group worth $114,809,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. R Squared Ltd acquired a new position in Life Time Group in the 4th quarter worth about $42,000. Sterling Capital Management LLC raised its stake in shares of Life Time Group by 892.6% during the 4th quarter. Sterling Capital Management LLC now owns 2,025 shares of the company's stock worth $45,000 after buying an additional 1,821 shares during the period. Dnca Finance lifted its position in shares of Life Time Group by 11.9% during the 4th quarter. Dnca Finance now owns 3,830 shares of the company's stock valued at $85,000 after buying an additional 407 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in Life Time Group in the 4th quarter valued at $88,000. Finally, Principal Securities Inc. purchased a new stake in Life Time Group in the 4th quarter worth $98,000. 79.40% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Life Time Group

In other Life Time Group news, EVP Ritadhwaja Jebens Singh sold 6,810 shares of Life Time Group stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $30.00, for a total transaction 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 $4,086,600. This trade represents a 4.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Bahram Akradi sold 5,000,000 shares of the company'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 transaction of $150,650,000.00. Following the completion of the transaction, the chief executive officer now owns 2,993,849 shares in the company, valued at approximately $90,204,670.37. This represents a 62.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,008,551 shares of company stock worth $150,905,868. Insiders own 8.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on LTH shares. BMO Capital Markets set a $28.00 target price on shares of Life Time Group and gave the company a "hold" rating in a research report on Friday, March 14th. Mizuho boosted their price objective on Life Time Group from $38.00 to $41.00 and gave the stock an "outperform" rating in a research note on Wednesday, March 5th. Oppenheimer increased their target price on Life Time Group from $33.00 to $43.00 and gave the company an "outperform" rating in a report on Thursday, January 23rd. Evercore ISI set a $38.00 price target on Life Time Group and gave the stock a "buy" rating in a research note on Thursday, February 27th. Finally, Guggenheim increased their price objective 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. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $35.62.

Life Time Group Stock Performance

NYSE:LTH opened at $31.15 on Friday. The company's 50-day moving average is $30.50 and its two-hundred day moving average is $27.13. The firm has a market capitalization of $6.66 billion, a price-to-earnings ratio of 45.15, a PEG ratio of 0.81 and a beta of 1.87. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.59 and a quick ratio of 0.46. Life Time Group Holdings, Inc. has a 1-year low of $12.34 and a 1-year high of $33.64.

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.

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