Envestnet Asset Management Inc. raised its position in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 891.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 175,332 shares of the company's stock after buying an additional 157,639 shares during the quarter. Envestnet Asset Management Inc. owned about 0.08% of Life Time Group worth $3,878,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of LTH. R Squared Ltd bought a new position in Life Time Group during the fourth quarter worth $42,000. SBI Securities Co. Ltd. bought a new position in shares of Life Time Group in the 4th quarter worth about $88,000. Principal Securities Inc. acquired a new position in shares of Life Time Group in the 4th quarter valued at about $98,000. Smartleaf Asset Management LLC bought a new stake in shares of Life Time Group during the 4th quarter valued at about $115,000. Finally, Amundi raised its stake in Life Time Group by 76.5% during the fourth quarter. Amundi now owns 5,046 shares of the company's stock worth $119,000 after acquiring an additional 2,187 shares during the period. 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 stock in a transaction that occurred on 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 of the company's stock, valued at $4,086,600. This represents a 4.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 directly owns 2,993,849 shares of the company's stock, 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. In the last ninety days, insiders have sold 5,008,551 shares of company stock worth $150,905,868. 8.70% of the stock is owned by company insiders.
Life Time Group Price Performance
NYSE LTH opened at $30.69 on Thursday. The firm has a market capitalization of $6.56 billion, a PE ratio of 44.48, a P/E/G 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 12 month low of $12.34 and a 12 month high of $33.64. The company's 50 day simple moving average is $30.56 and its 200 day simple moving average is $27.04.
Analyst Ratings Changes
LTH has been the subject of several recent research reports. Morgan Stanley upped their target price on Life Time Group from $29.00 to $30.00 and gave the company an "equal weight" rating in a report on Monday, February 24th. Royal Bank of Canada set a $35.00 target price on Life Time Group and gave the stock a "buy" rating in a research report on Thursday, February 27th. BMO Capital Markets set a $28.00 target price on Life Time Group and gave the company a "hold" rating in a research note on Friday, March 14th. Mizuho upped their price target on shares of Life Time Group from $38.00 to $41.00 and gave the stock an "outperform" rating in a research report on Wednesday, March 5th. Finally, Evercore ISI set a $38.00 price objective on shares of Life Time Group and gave the company a "buy" rating in a research report on Thursday, February 27th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $35.62.
Get Our Latest Stock Analysis on LTH
About Life Time Group
(
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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