Life Time Group Holdings, Inc. (NYSE:LTH) Shares Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp boosted its stake in Life Time Group Holdings, Inc. (NYSE:LTH) by 0.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 219,915 shares of the company’s stock after buying an additional 788 shares during the period. Bank of New York Mellon Corp owned 0.11% of Life Time Group worth $4,865,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Olympiad Research LP acquired a new stake in Life Time Group in the fourth quarter worth $556,000. Peregrine Asset Advisers Inc. increased its position in Life Time Group by 15.8% in the fourth quarter. Peregrine Asset Advisers Inc. now owns 298,929 shares of the company’s stock worth $6,612,000 after buying an additional 40,678 shares during the period. Handelsbanken Fonder AB increased its position in Life Time Group by 6.4% in the fourth quarter. Handelsbanken Fonder AB now owns 18,400 shares of the company’s stock worth $407,000 after buying an additional 1,100 shares during the period. New York State Common Retirement Fund increased its position in Life Time Group by 20.2% in the fourth quarter. New York State Common Retirement Fund now owns 436,022 shares of the company’s stock worth $9,645,000 after buying an additional 73,371 shares during the period. Finally, Braun Stacey Associates Inc. increased its position in Life Time Group by 2.0% in the fourth quarter. Braun Stacey Associates Inc. now owns 867,132 shares of the company’s stock worth $19,181,000 after buying an additional 17,340 shares during the period. 79.40% of the stock is owned by institutional investors and hedge funds.

Life Time Group Price Performance

NYSE:LTH opened at $30.35 on Tuesday. The business’s 50-day moving average price is $29.31 and its 200 day moving average price is $25.82. The firm has a market cap of $6.36 billion, a P/E ratio of 43.99, a PEG ratio of 0.81 and a beta of 1.93. Life Time Group Holdings, Inc. has a 52-week low of $12.34 and a 52-week high of $33.64. The company has a quick ratio of 0.46, a current ratio of 0.59 and a debt-to-equity ratio of 0.64.

Insider Buying and Selling

In related news, CFO Erik Weaver sold 1,741 shares of Life Time Group 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 transaction, the chief financial officer now owns 96,361 shares of the company’s stock, valued at approximately $2,854,212.82. This trade represents a 1.77 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Bahram Akradi sold 5,000,000 shares of Life Time Group 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 transaction, the chief executive officer now directly owns 2,993,849 shares in the company, valued at approximately $90,204,670.37. This trade represents a 62.55 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,082,147 shares of company stock valued at $152,891,556 over the last three months. Company insiders own 12.50% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Wells Fargo & Company lifted their price objective on shares of Life Time Group from $26.00 to $28.00 and gave the company an “equal weight” rating in a research note on Friday, January 17th. Mizuho lifted their price objective on shares of Life Time Group from $38.00 to $41.00 and gave the company an “outperform” rating in a research note on Wednesday, March 5th. Craig Hallum lifted their price objective on shares of Life Time Group from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, February 28th. 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 note on Monday, March 3rd. Finally, Northland Securities lifted 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 note on Friday, January 17th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Life Time Group currently has an average rating of “Moderate Buy” and a consensus price target of $33.86.

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.