Life Time Group Holdings, Inc. (NYSE:LTH) Shares Bought by Renaissance Technologies LLC

Renaissance Technologies LLC raised its position in Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 8.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 608,900 shares of the company's stock after buying an additional 47,955 shares during the period. Renaissance Technologies LLC owned about 0.29% of Life Time Group worth $13,469,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Lord Abbett & CO. LLC acquired a new stake in shares of Life Time Group in the 3rd quarter valued at about $31,575,000. Norges Bank acquired a new position in shares of Life Time Group in the fourth quarter valued at about $19,198,000. American Century Companies Inc. raised its holdings in Life Time Group by 61.9% in the 4th quarter. American Century Companies Inc. now owns 1,924,461 shares of the company's stock valued at $42,569,000 after acquiring an additional 735,682 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Life Time Group by 45.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,038,064 shares of the company's stock worth $45,082,000 after acquiring an additional 640,385 shares during the period. Finally, Loomis Sayles & Co. L P boosted its stake in Life Time Group by 12.3% in the fourth quarter. Loomis Sayles & Co. L P now owns 3,425,925 shares of the company's stock valued at $75,781,000 after buying an additional 375,672 shares in the last quarter. Institutional investors and hedge funds own 79.40% of the company's stock.

Life Time Group Trading Up 0.2 %

NYSE:LTH traded up $0.07 during mid-day trading on Friday, hitting $31.30. 1,523,059 shares of the stock traded hands, compared to its average volume of 1,575,715. The firm's 50 day moving average is $30.70 and its two-hundred day moving average is $26.92. 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 stock has a market capitalization of $6.69 billion, a price-to-earnings ratio of 45.36, a PEG ratio of 0.81 and a beta of 1.87. Life Time Group Holdings, Inc. has a 52 week low of $12.34 and a 52 week high of $33.64.

Analysts Set New Price Targets

Several research analysts recently issued reports on LTH shares. Deutsche Bank Aktiengesellschaft set a $36.00 target price on Life Time Group and gave the stock a "buy" rating in a research report on Monday, March 3rd. BMO Capital Markets set a $28.00 target price on shares of Life Time Group and gave the stock a "hold" rating in a research report on Friday, March 14th. Mizuho raised 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 note on Wednesday, March 5th. Craig Hallum lifted their target price on shares of Life Time Group from $40.00 to $45.00 and gave the stock a "buy" rating in a research note on Friday, February 28th. Finally, Morgan Stanley increased their price objective on Life Time Group from $29.00 to $30.00 and gave the stock an "equal weight" rating in a report on Monday, February 24th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $35.62.

Insiders Place Their Bets

In other news, CFO Erik Weaver sold 1,741 shares of Life Time Group stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $29.62, for a total value of $51,568.42. Following the sale, the chief financial officer now directly 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Ritadhwaja Jebens Singh sold 48,596 shares of the stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $28.00, for a total transaction of $1,360,688.00. Following the completion of the sale, the executive vice president now owns 143,030 shares of the company's stock, valued at $4,004,840. This trade represents a 25.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,057,147 shares of company stock worth $152,266,556 in the last three months. Corporate insiders own 8.70% of the company's stock.

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.