Life Time Group Holdings, Inc. (NYSE:LTH) Shares Acquired by Franklin Resources Inc.

Franklin Resources Inc. grew its stake in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 769.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 200,829 shares of the company's stock after buying an additional 177,721 shares during the period. Franklin Resources Inc. owned 0.10% of Life Time Group worth $4,442,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Jane Street Group LLC grew its stake 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 valued at $4,446,000 after acquiring an additional 108,283 shares in the last quarter. JPMorgan Chase & Co. grew 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 valued at $87,160,000 after purchasing an additional 356,255 shares in the last quarter. Geode Capital Management LLC increased 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 worth $36,585,000 after purchasing an additional 152,504 shares during the last quarter. Burns Matteson Capital Management LLC purchased a new stake in shares of Life Time Group in the fourth quarter worth about $331,000. Finally, Braun Stacey Associates Inc. lifted its position in shares of Life Time Group by 2.0% in the fourth quarter. Braun Stacey Associates Inc. now owns 867,132 shares of the company's stock worth $19,181,000 after buying an additional 17,340 shares in the last quarter. Hedge funds and other institutional investors own 79.40% of the company's stock.

Insider Activity

In related news, EVP Ritadhwaja Jebens Singh sold 6,810 shares of the company's stock in a transaction on Tuesday, January 28th. The stock was 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 represents a 4.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Erik Weaver sold 1,741 shares of Life Time Group stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $29.62, for a total value of $51,568.42. Following the completion of the transaction, the chief financial officer now owns 96,361 shares in the company, valued at $2,854,212.82. This trade represents a 1.77 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,057,147 shares of company stock worth $152,266,556. 8.70% of the stock is currently owned by corporate insiders.

Life Time Group Stock Down 1.3 %

Shares of Life Time Group stock traded down $0.40 during trading on Wednesday, hitting $31.67. 178,120 shares of the stock traded hands, compared to its average volume of 1,559,212. Life Time Group Holdings, Inc. has a 52-week low of $12.34 and a 52-week high of $33.64. The stock's fifty day simple moving average is $30.70 and its 200 day simple moving average is $26.79. The firm has a market cap of $6.77 billion, a P/E ratio of 45.78, a price-to-earnings-growth ratio of 0.81 and a beta of 1.87. The company has a current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 0.64.

Analysts Set New Price Targets

LTH has been the topic of a number of research reports. Oppenheimer lifted their price objective on Life Time Group from $33.00 to $43.00 and gave the stock an "outperform" rating in a research note on Thursday, January 23rd. BMO Capital Markets set a $28.00 price target on shares of Life Time Group and gave the stock a "hold" rating in a research report on Friday, March 14th. Deutsche Bank Aktiengesellschaft set a $36.00 price objective on shares of Life Time Group and gave the company a "buy" rating in a research report on Monday, March 3rd. Northland Securities set a $39.00 target price on shares of Life Time Group and gave the stock a "buy" rating in a report on Thursday, February 27th. Finally, Wells Fargo & Company set a $28.00 target price on shares of Life Time Group and gave the company a "hold" rating in a research report on Thursday, February 27th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Life Time Group currently has an average rating of "Moderate Buy" and an average target price 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.