14,000 Shares in Life Time Group Holdings, Inc. (NYSE:LTH) Bought by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS purchased a new stake in Life Time Group Holdings, Inc. (NYSE:LTH) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 14,000 shares of the company’s stock, valued at approximately $310,000.

Several other institutional investors and hedge funds have also bought and sold shares of LTH. Jane Street Group LLC boosted its holdings 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 valued at $4,446,000 after purchasing an additional 108,283 shares in the last quarter. Franklin Resources Inc. acquired a new stake in Life Time Group in the third quarter valued at about $593,000. Quadrature Capital Ltd bought a new position in Life Time Group in the third quarter valued at about $697,000. JPMorgan Chase & Co. raised its stake in Life Time Group by 11.1% during the third quarter. JPMorgan Chase & Co. now owns 3,569,214 shares of the company’s stock worth $87,160,000 after acquiring an additional 356,255 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings 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 acquiring an additional 152,504 shares during the last quarter. Institutional investors own 79.40% of the company’s stock.

Insider Buying and Selling

In related news, CEO Bahram Akradi sold 5,000,000 shares of the company’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 transaction, the chief executive officer now directly owns 2,993,849 shares of the company’s stock, valued at approximately $90,204,670.37. This represents a 62.55 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Ritadhwaja Jebens Singh sold 25,000 shares of the stock in a transaction on 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 transaction, the executive vice president now owns 191,626 shares in the company, valued at approximately $4,790,650. This represents a 11.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,082,147 shares of company stock valued at $152,891,556 over the last 90 days. Company insiders own 8.70% of the company’s stock.

Analyst Ratings Changes

LTH has been the topic of several research reports. BMO Capital Markets set a $28.00 price target on shares of Life Time Group and gave the company a “hold” rating in a report on Friday, March 14th. The Goldman Sachs Group upped their price target on shares of Life Time Group from $22.00 to $32.00 and gave the stock a “neutral” rating in a report on Monday, March 3rd. Bank of America set a $40.00 price objective on Life Time Group and gave the company a “buy” rating in a report on Monday, March 3rd. Oppenheimer upped their target price on Life Time Group from $33.00 to $43.00 and gave the stock an “outperform” rating in a report on Thursday, January 23rd. Finally, Deutsche Bank Aktiengesellschaft set a $36.00 price target on Life Time Group and gave the company a “buy” rating in a research note on Monday, March 3rd. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $35.62.

Life Time Group Stock Performance

Shares of LTH opened at $28.06 on Friday. The firm’s fifty day simple moving average is $30.66 and its two-hundred day simple moving average is $26.47. Life Time Group Holdings, Inc. has a 12 month low of $12.34 and a 12 month high of $33.64. The company has a current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $6.00 billion, a P/E ratio of 40.66, a price-to-earnings-growth ratio of 0.81 and a beta of 1.87.

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.