Life Time Group Holdings, Inc. (NYSE:LTH) Stock Holdings Lessened by Corebridge Financial Inc.

Corebridge Financial Inc. lessened its holdings in shares of Life Time Group Holdings, Inc. (NYSE:LTH) by 3.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 30,787 shares of the company’s stock after selling 1,058 shares during the period. Corebridge Financial Inc.’s holdings in Life Time Group were worth $681,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. R Squared Ltd bought a new position in shares of Life Time Group during the fourth quarter valued at approximately $42,000. SBI Securities Co. Ltd. acquired a new position in Life Time Group during the 4th quarter valued at approximately $88,000. Principal Securities Inc. bought a new position in Life Time Group during the 4th quarter worth $98,000. FMR LLC increased its position in Life Time Group by 268.2% in the third quarter. FMR LLC now owns 5,011 shares of the company’s stock worth $122,000 after buying an additional 3,650 shares during the period. Finally, Amundi lifted its stake in Life Time Group by 76.5% in the fourth quarter. Amundi now owns 5,046 shares of the company’s stock valued at $119,000 after buying an additional 2,187 shares during the last quarter. Institutional investors and hedge funds own 79.40% of the company’s stock.

Life Time Group Stock Down 4.3 %

LTH opened at $28.06 on Monday. The stock’s fifty day moving average is $30.66 and its 200-day moving average is $26.49. 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 market capitalization of $6.00 billion, a PE ratio of 40.66, a P/E/G ratio of 0.81 and a beta of 1.87. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.46 and a current ratio of 0.59.

Insiders Place Their Bets

In other Life Time Group news, EVP Ritadhwaja Jebens Singh sold 25,000 shares of the company’s 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 transaction, the executive vice president now owns 191,626 shares of the company’s stock, valued at approximately $4,790,650. This represents a 11.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Bahram Akradi sold 5,000,000 shares of the firm’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 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,082,147 shares of company stock worth $152,891,556. 8.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

LTH has been the topic of a number of analyst reports. Northland Securities set a $39.00 price objective on shares of Life Time Group and gave the stock a “buy” rating in a report on Thursday, February 27th. Bank of America set a $40.00 target price on shares of Life Time Group and gave the stock a “buy” rating in a research report on Monday, March 3rd. BMO Capital Markets set a $28.00 price target on Life Time Group and gave the company a “hold” rating in a report on Friday, March 14th. Wells Fargo & Company set a $28.00 price objective on Life Time Group and gave the stock a “hold” rating in a report on Thursday, February 27th. Finally, Morgan Stanley lifted their target price on Life Time Group from $29.00 to $30.00 and gave the company an “equal weight” rating in a research note on Monday, February 24th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Life Time Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.62.

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.