Principal Financial Group Inc. Trims Position in Life Time Group Holdings, Inc. (NYSE:LTH)

Principal Financial Group Inc. lowered its stake in Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 23.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,782,317 shares of the company's stock after selling 864,055 shares during the quarter. Principal Financial Group Inc. owned approximately 1.34% of Life Time Group worth $61,547,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in LTH. Farther Finance Advisors LLC boosted its position in 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 buying an additional 906 shares during the period. Moody National Bank Trust Division raised its stake in shares of Life Time Group by 1.0% during the fourth quarter. Moody National Bank Trust Division now owns 92,101 shares of the company's stock valued at $2,037,000 after acquiring an additional 911 shares during the last quarter. Assetmark Inc. lifted its holdings in shares of Life Time Group by 8.5% during the third quarter. Assetmark Inc. now owns 12,022 shares of the company's stock worth $294,000 after purchasing an additional 941 shares during the period. 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 worth $2,026,000 after purchasing an additional 1,075 shares during the last quarter. Finally, R Squared Ltd acquired a new stake in Life Time Group in the fourth quarter valued at $42,000. 79.40% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Ritadhwaja Jebens Singh sold 6,810 shares of the business's stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $30.00, for a total value of $204,300.00. Following the sale, the executive vice president now directly owns 136,220 shares in the company, valued at approximately $4,086,600. The trade was a 4.76 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Erik Weaver sold 1,741 shares of the stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $29.62, for a total transaction of $51,568.42. Following the transaction, the chief financial officer now owns 96,361 shares of the company's stock, valued at $2,854,212.82. This represents a 1.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 82,147 shares of company stock valued at $2,241,556 in the last three months. Company insiders own 12.50% of the company's stock.

Life Time Group Stock Down 3.2 %

Shares of LTH traded down $1.03 on Friday, reaching $31.56. The company's stock had a trading volume of 896,969 shares, compared to its average volume of 1,820,254. Life Time Group Holdings, Inc. has a twelve month low of $11.89 and a twelve month high of $33.64. The stock has a market capitalization of $6.53 billion, a PE ratio of 45.74, a PEG ratio of 0.82 and a beta of 1.94. The firm has a fifty day moving average of $26.67 and a 200-day moving average of $25.00. The company has a current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 0.64.

Analyst Upgrades and Downgrades

LTH has been the topic of several recent research reports. Oppenheimer lifted their target price on Life Time Group from $33.00 to $43.00 and gave the stock an "outperform" rating in a report on Thursday, January 23rd. Mizuho lifted their price objective on Life Time Group from $32.00 to $38.00 and gave the stock an "outperform" rating in a research note on Friday, January 24th. Craig Hallum increased their target price on shares of Life Time Group from $33.00 to $40.00 and gave the company a "buy" rating in a research report on Wednesday, January 22nd. Wells Fargo & Company increased their price target on Life Time Group from $26.00 to $28.00 and gave the stock an "equal weight" rating in a report on Friday, January 17th. Finally, Evercore ISI began coverage on Life Time Group in a research note on Friday, November 22nd. They issued an "outperform" rating and a $29.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Life Time Group presently has an average rating of "Moderate Buy" and a consensus price target of $31.77.

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.