Victory Capital Management Inc. lifted its position in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 155.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 66,784 shares of the company's stock after purchasing an additional 40,671 shares during the period. Victory Capital Management Inc.'s holdings in Life Time Group were worth $1,477,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its position in Life Time Group by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 602,371 shares of the company's stock valued at $13,324,000 after acquiring an additional 15,530 shares during the period. SBI Securities Co. Ltd. purchased a new stake in Life Time Group in the 4th quarter valued at approximately $88,000. Smartleaf Asset Management LLC purchased a new stake in Life Time Group in the 4th quarter valued at approximately $115,000. Versor Investments LP lifted its stake in Life Time Group by 5.5% in the 4th quarter. Versor Investments LP now owns 39,418 shares of the company's stock valued at $872,000 after buying an additional 2,072 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Life Time Group by 0.4% in the 4th quarter. Bank of New York Mellon Corp now owns 219,915 shares of the company's stock valued at $4,865,000 after buying an additional 788 shares in the last quarter. Institutional investors and hedge funds own 79.40% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on LTH. Morgan Stanley upped 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. Northland Securities upped their price objective on shares of Life Time Group from $29.00 to $31.50 and gave the company an "outperform" rating in a research report on Friday, January 17th. Oppenheimer increased their price target on shares of Life Time Group from $33.00 to $43.00 and gave the stock an "outperform" rating in a research report on Thursday, January 23rd. Craig Hallum increased their price target on shares of Life Time Group from $40.00 to $45.00 and gave the stock a "buy" rating in a research report on Friday, February 28th. Finally, Wells Fargo & Company increased their price target on shares of Life Time Group from $26.00 to $28.00 and gave the stock an "equal weight" rating in a research report on Friday, January 17th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $33.86.
View Our Latest Report on Life Time Group
Insider Buying and Selling at Life Time Group
In related news, EVP Ritadhwaja Jebens Singh sold 25,000 shares of the firm's stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $25.00, for a total transaction of $625,000.00. Following the transaction, the executive vice president now owns 191,626 shares in the company, valued at $4,790,650. This trade represents a 11.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Bahram Akradi sold 5,000,000 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $30.13, for a total transaction of $150,650,000.00. Following the sale, the chief executive officer now owns 2,993,849 shares of the company's stock, valued at $90,204,670.37. The trade was a 62.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,082,147 shares of company stock worth $152,891,556. 12.50% of the stock is owned by company insiders.
Life Time Group Stock Performance
LTH traded down $0.33 on Friday, hitting $30.64. 2,344,141 shares of the company's stock were exchanged, compared to its average volume of 1,419,104. The stock has a fifty day moving average of $29.89 and a two-hundred day moving average of $25.98. Life Time Group Holdings, Inc. has a twelve month low of $12.34 and a twelve month high of $33.64. The firm has a market cap of $6.42 billion, a PE ratio of 44.40, a P/E/G ratio of 0.81 and a beta of 1.93. The company has a current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 0.64.
Life Time Group Company Profile
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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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