SG Americas Securities LLC Lowers Stock Holdings in Life Time Group Holdings, Inc. (NYSE:LTH)

SG Americas Securities LLC cut its holdings in shares of Life Time Group Holdings, Inc. (NYSE:LTH) by 61.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,216 shares of the company’s stock after selling 16,509 shares during the period. SG Americas Securities LLC’s holdings in Life Time Group were worth $226,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Jane Street Group LLC increased its stake in Life Time Group by 146.8% during the 3rd quarter. Jane Street Group LLC now owns 182,054 shares of the company’s stock worth $4,446,000 after buying an additional 108,283 shares during the period. Franklin Resources Inc. acquired a new position in shares of Life Time Group in the third quarter worth $593,000. Quadrature Capital Ltd purchased a new stake in shares of Life Time Group during the third quarter worth $697,000. JPMorgan Chase & Co. raised its stake in shares of Life Time Group by 11.1% in the third quarter. JPMorgan Chase & Co. now owns 3,569,214 shares of the company’s stock valued at $87,160,000 after acquiring an additional 356,255 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in Life Time Group by 105.8% in the third quarter. Farther Finance Advisors LLC now owns 1,762 shares of the company’s stock valued at $43,000 after purchasing an additional 906 shares during the period. Institutional investors and hedge funds own 79.40% of the company’s stock.

Insider Transactions at Life Time Group

In other Life Time Group news, EVP Ritadhwaja Jebens Singh sold 6,810 shares of the firm’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $30.00, for a total transaction of $204,300.00. Following the transaction, the executive vice president now directly owns 136,220 shares of the company’s stock, valued at approximately $4,086,600. This trade represents a 4.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Erik Weaver sold 1,741 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $29.62, for a total transaction of $51,568.42. Following the completion of the sale, the chief financial officer now directly owns 96,361 shares of the company’s stock, valued at $2,854,212.82. The trade was a 1.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 250,147 shares of company stock worth $6,369,316. Corporate insiders own 12.50% of the company’s stock.

Life Time Group Price Performance

Shares of LTH opened at $31.51 on Friday. The firm has a fifty day moving average price of $25.03 and a 200 day moving average price of $24.23. The stock has a market cap of $6.52 billion, a PE ratio of 45.66, a price-to-earnings-growth ratio of 0.72 and a beta of 1.94. Life Time Group Holdings, Inc. has a 1-year low of $11.89 and a 1-year high of $31.61. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.59 and a quick ratio of 0.46.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Oppenheimer upped their price target on Life Time Group from $33.00 to $43.00 and gave the stock an “outperform” rating in a report on Thursday, January 23rd. Northland Securities upped their target price on shares of Life Time Group from $29.00 to $31.50 and gave the stock an “outperform” rating in a research note on Friday, January 17th. Craig Hallum lifted their price target on shares of Life Time Group from $33.00 to $40.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Wells Fargo & Company increased 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 report on Friday, January 17th. Finally, Morgan Stanley raised their price objective on shares of Life Time Group from $21.00 to $29.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Life Time Group has an average rating of “Moderate Buy” and a consensus target price of $31.77.

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.