Charles Schwab Investment Management Inc. Raises Position in Life Time Group Holdings, Inc. (NYSE:LTH)

Charles Schwab Investment Management Inc. boosted its stake in Life Time Group Holdings, Inc. (NYSE:LTH) by 2.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 602,371 shares of the company’s stock after buying an additional 15,530 shares during the period. Charles Schwab Investment Management Inc. owned 0.29% of Life Time Group worth $13,324,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Jane Street Group LLC raised its position in shares of Life Time Group by 146.8% in the 3rd quarter. Jane Street Group LLC now owns 182,054 shares of the company’s stock worth $4,446,000 after purchasing an additional 108,283 shares during the last quarter. Franklin Resources Inc. purchased a new position in Life Time Group in the third quarter worth about $593,000. Quadrature Capital Ltd purchased a new position in Life Time Group in the third quarter worth about $697,000. JPMorgan Chase & Co. raised its holdings in Life Time Group by 11.1% in the third quarter. JPMorgan Chase & Co. now owns 3,569,214 shares of the company’s stock worth $87,160,000 after buying an additional 356,255 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Life Time Group by 11.3% in the third quarter. Geode Capital Management LLC now owns 1,497,842 shares of the company’s stock worth $36,585,000 after purchasing an additional 152,504 shares during the last quarter. 79.40% of the stock is currently owned by hedge funds and other institutional investors.

Life Time Group Stock Down 1.0 %

LTH stock opened at $30.64 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.46 and a current ratio of 0.59. The stock has a market capitalization of $6.42 billion, a PE ratio of 44.40, a price-to-earnings-growth ratio of 0.81 and a beta of 1.93. Life Time Group Holdings, Inc. has a one year low of $12.34 and a one year high of $33.64. The company has a fifty day moving average of $29.89 and a 200-day moving average of $25.98.

Insiders Place Their Bets

In other Life Time Group news, EVP Ritadhwaja Jebens Singh sold 25,000 shares of Life Time Group stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $25.00, for a total value of $625,000.00. Following the completion of the sale, the executive vice president now owns 191,626 shares in the company, valued at $4,790,650. The trade was a 11.54 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Bahram Akradi sold 5,000,000 shares of the company’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $30.13, for a total value 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 approximately $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 quarter, insiders sold 5,082,147 shares of company stock worth $152,891,556. Insiders own 12.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on LTH. Oppenheimer upped their price objective on Life Time Group from $33.00 to $43.00 and gave the company an “outperform” rating in a research report on Thursday, January 23rd. Mizuho upped their price target on shares of Life Time Group from $38.00 to $41.00 and gave the company an “outperform” rating in a research report on Wednesday, March 5th. The Goldman Sachs Group upped their target price on shares of Life Time Group from $22.00 to $32.00 and gave the company a “neutral” rating in a report on Monday, March 3rd. Northland Securities upped their price objective on Life Time Group from $29.00 to $31.50 and gave the stock an “outperform” rating in a research note on Friday, January 17th. Finally, Craig Hallum upped their price objective on Life Time Group from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $33.86.

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.