Nkcfo LLC Makes New $664,000 Investment in Life Time Group Holdings, Inc. (NYSE:LTH)

Nkcfo LLC purchased a new position in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 30,000 shares of the company's stock, valued at approximately $664,000.

Several other hedge funds also recently made changes to their positions in the business. Farther Finance Advisors LLC grew its stake in shares of Life Time Group by 105.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,762 shares of the company's stock worth $43,000 after acquiring an additional 906 shares in the last quarter. Moody National Bank Trust Division grew its stake in shares of Life Time Group by 1.0% in the fourth quarter. Moody National Bank Trust Division now owns 92,101 shares of the company's stock valued at $2,037,000 after buying an additional 911 shares in the last quarter. Assetmark Inc. grew its stake in shares of Life Time Group by 8.5% in the third quarter. Assetmark Inc. now owns 12,022 shares of the company's stock valued at $294,000 after buying an additional 941 shares in the last quarter. Rhumbline Advisers grew its stake in shares of Life Time Group by 1.2% in the fourth quarter. Rhumbline Advisers now owns 91,572 shares of the company's stock valued at $2,026,000 after buying an additional 1,075 shares in the last quarter. Finally, R Squared Ltd bought a new position in shares of Life Time Group in the fourth quarter valued at $42,000. 79.40% of the stock is owned by institutional investors.

Life Time Group Stock Performance

Shares of LTH traded up $0.60 during midday trading on Wednesday, reaching $33.26. 2,064,226 shares of the stock were exchanged, compared to its average volume of 1,829,829. Life Time Group Holdings, Inc. has a twelve month low of $11.89 and a twelve month high of $33.60. 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 company has a market cap of $6.88 billion, a P/E ratio of 48.20, a PEG ratio of 0.80 and a beta of 1.94. The stock's 50 day simple moving average is $26.28 and its 200 day simple moving average is $24.89.

Analysts Set New Price Targets

Several research firms recently weighed in on LTH. Mizuho raised their target price on shares of Life Time Group from $32.00 to $38.00 and gave the company an "outperform" rating in a research note on Friday, January 24th. Guggenheim reaffirmed a "buy" rating and set a $32.00 price objective (up from $29.00) on shares of Life Time Group in a research report on Friday, January 17th. Evercore ISI initiated coverage on shares of Life Time Group in a research report on Friday, November 22nd. They set an "outperform" rating and a $29.00 price objective for the company. Northland Securities lifted their price objective on shares of Life Time Group from $29.00 to $31.50 and gave the stock an "outperform" rating in a research report on Friday, January 17th. Finally, Craig Hallum lifted their price objective on shares of Life Time Group from $33.00 to $40.00 and gave the stock a "buy" rating in a research report on Wednesday, January 22nd. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Life Time Group currently has a consensus rating of "Moderate Buy" and an average target price of $31.77.

Insider Transactions at Life Time Group

In related news, CFO Erik Weaver sold 1,741 shares of the business's stock in a transaction dated Tuesday, February 4th. The stock was 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 of the company's stock, valued at $2,854,212.82. The trade was a 1.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Parham Javaheri sold 168,000 shares of the business's stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $24.57, for a total value of $4,127,760.00. Following the completion of the transaction, the executive vice president now directly owns 243,938 shares of the company's stock, valued at approximately $5,993,556.66. This trade represents a 40.78 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 250,147 shares of company stock valued at $6,369,316. 12.50% of the stock is currently owned by corporate insiders.

Life Time Group 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.