Rhumbline Advisers Purchases 1,075 Shares of Life Time Group Holdings, Inc. (NYSE:LTH)

Rhumbline Advisers raised its position in Life Time Group Holdings, Inc. (NYSE:LTH) by 1.2% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 91,572 shares of the company’s stock after acquiring an additional 1,075 shares during the period. Rhumbline Advisers’ holdings in Life Time Group were worth $2,026,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. R Squared Ltd bought a new position in shares of Life Time Group in the fourth quarter valued at approximately $42,000. Farther Finance Advisors LLC lifted its stake in Life Time Group by 105.8% during the third quarter. Farther Finance Advisors LLC now owns 1,762 shares of the company’s stock worth $43,000 after purchasing an additional 906 shares during the last quarter. Point72 Hong Kong Ltd bought a new position in Life Time Group during the 3rd quarter worth approximately $60,000. FMR LLC raised its position in Life Time Group by 268.2% during the 3rd quarter. FMR LLC now owns 5,011 shares of the company’s stock valued at $122,000 after purchasing an additional 3,650 shares during the last quarter. Finally, Assetmark Inc. lifted its holdings in Life Time Group by 8.5% in the third quarter. Assetmark Inc. now owns 12,022 shares of the company’s stock worth $294,000 after buying an additional 941 shares during the period. 79.40% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on LTH. Guggenheim increased their target price on Life Time Group from $32.00 to $36.00 and gave the stock a “buy” rating in a research note on Friday. The Goldman Sachs Group lifted their price objective on shares of Life Time Group from $22.00 to $32.00 and gave the company a “neutral” rating in a research report on Monday. Wells Fargo & Company boosted their price objective on Life Time Group from $26.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Friday, January 17th. Craig Hallum raised their price objective on Life Time Group from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Friday. Finally, Morgan Stanley boosted their price objective on shares of Life Time Group from $29.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Monday, February 24th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $33.59.

Insiders Place Their Bets

In other 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 value of $625,000.00. Following the completion of the transaction, the executive vice president now owns 191,626 shares of the company’s stock, valued at approximately $4,790,650. This trade represents a 11.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Bahram Akradi sold 5,000,000 shares of the stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $30.13, for a total value of $150,650,000.00. Following the completion of the sale, the chief executive officer now directly owns 2,993,849 shares in the company, valued at $90,204,670.37. This represents a 62.55 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 5,082,147 shares of company stock worth $152,891,556. Corporate insiders own 12.50% of the company’s stock.

Life Time Group Trading Up 3.2 %

LTH stock opened at $31.43 on Tuesday. The company’s 50-day simple moving average is $27.88 and its 200-day simple moving average is $25.43. Life Time Group Holdings, Inc. has a 52-week low of $12.34 and a 52-week high of $33.64. The firm has a market cap of $6.51 billion, a P/E ratio of 45.55, a PEG ratio of 0.81 and a beta of 1.94. The company has a quick ratio of 0.46, a current ratio of 0.59 and a debt-to-equity ratio of 0.64.

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.