Swiss National Bank Has $3.12 Million Stake in Life Time Group Holdings, Inc. (NYSE:LTH)

Swiss National Bank boosted its holdings in Life Time Group Holdings, Inc. (NYSE:LTH) by 21.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 141,200 shares of the company’s stock after purchasing an additional 24,700 shares during the quarter. Swiss National Bank owned about 0.07% of Life Time Group worth $3,123,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of New York Mellon Corp grew its holdings in shares of Life Time Group by 0.4% during the fourth 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 during the last quarter. Moody National Bank Trust Division lifted its position in Life Time Group by 1.0% in the 4th quarter. Moody National Bank Trust Division now owns 92,101 shares of the company’s stock valued at $2,037,000 after acquiring an additional 911 shares in the last quarter. Rhumbline Advisers boosted its stake in Life Time Group by 1.2% during the 4th quarter. Rhumbline Advisers now owns 91,572 shares of the company’s stock valued at $2,026,000 after purchasing an additional 1,075 shares during the last quarter. Handelsbanken Fonder AB increased its holdings in Life Time Group by 6.4% during the 4th quarter. Handelsbanken Fonder AB now owns 18,400 shares of the company’s stock worth $407,000 after purchasing an additional 1,100 shares in the last quarter. Finally, R Squared Ltd purchased a new stake in shares of Life Time Group in the fourth quarter worth approximately $42,000. Institutional investors own 79.40% of the company’s stock.

Life Time Group Stock Performance

NYSE:LTH opened at $31.78 on Thursday. The company has a market capitalization of $6.66 billion, a P/E ratio of 46.06, a P/E/G ratio of 0.81 and a beta of 1.93. The business has a fifty day simple moving average of $30.35 and a two-hundred day simple moving average of $26.18. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.59 and a quick ratio of 0.46. Life Time Group Holdings, Inc. has a 1 year low of $12.34 and a 1 year high of $33.64.

Insider Buying and Selling

In related news, CEO Bahram Akradi sold 5,000,000 shares of the business’s stock in a transaction 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 directly owns 2,993,849 shares in the company, valued at approximately $90,204,670.37. The trade was a 62.55 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Erik Weaver sold 1,741 shares of the 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 sale, the chief financial officer now directly owns 96,361 shares in the company, valued at $2,854,212.82. This trade represents a 1.77 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,082,147 shares of company stock valued at $152,891,556. 8.70% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Northland Securities upped their price target on Life Time Group from $29.00 to $31.50 and gave the stock an “outperform” rating in a report on Friday, January 17th. Oppenheimer upped their target price on shares of Life Time Group from $33.00 to $43.00 and gave the stock an “outperform” rating in a research note on Thursday, January 23rd. Wells Fargo & Company raised their price target on shares of Life Time Group from $26.00 to $28.00 and gave the company an “equal weight” rating in a research report on Friday, January 17th. The Goldman Sachs Group upped their price objective on shares of Life Time Group from $22.00 to $32.00 and gave the stock a “neutral” rating in a research report on Monday, March 3rd. Finally, Guggenheim lifted their target price on shares of Life Time Group from $32.00 to $36.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $33.86.

Life Time Group Company 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.