Life Time Group Holdings, Inc. (NYSE:LTH) Stock Position Lifted by Russell Investments Group Ltd.

Russell Investments Group Ltd. lifted its stake in shares of Life Time Group Holdings, Inc. (NYSE:LTH) by 11.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 50,283 shares of the company’s stock after purchasing an additional 5,252 shares during the quarter. Russell Investments Group Ltd.’s holdings in Life Time Group were worth $1,112,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. R Squared Ltd purchased a new stake in shares of Life Time Group during the fourth quarter valued at $42,000. SBI Securities Co. Ltd. acquired a new position in shares of Life Time Group in the fourth quarter worth about $88,000. Principal Securities Inc. purchased a new position in shares of Life Time Group in the fourth quarter worth approximately $98,000. Smartleaf Asset Management LLC purchased a new stake in shares of Life Time Group in the 4th quarter valued at approximately $115,000. Finally, Amundi boosted its stake in Life Time Group by 76.5% in the 4th quarter. Amundi now owns 5,046 shares of the company’s stock worth $119,000 after purchasing an additional 2,187 shares during the period. Institutional investors and hedge funds own 79.40% of the company’s stock.

Life Time Group Stock Performance

Shares of LTH opened at $29.05 on Tuesday. The company has a market capitalization of $6.21 billion, a PE ratio of 42.10, a price-to-earnings-growth ratio of 0.81 and a beta of 1.87. 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 one year low of $12.34 and a one year high of $33.64. The company’s fifty day moving average price is $30.65 and its 200 day moving average price is $26.99.

Insider Transactions at Life Time Group

In related news, EVP Ritadhwaja Jebens Singh sold 6,810 shares of the business’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 owns 136,220 shares of the company’s stock, valued at approximately $4,086,600. The trade was a 4.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Bahram Akradi sold 5,000,000 shares of the stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $30.13, for a total transaction of $150,650,000.00. Following the completion of 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 trade represents a 62.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,008,551 shares of company stock worth $150,905,868. Company insiders own 8.70% of the company’s stock.

Analyst Ratings Changes

LTH has been the subject of a number of research analyst reports. Oppenheimer increased their target price on Life Time Group from $33.00 to $43.00 and gave the company an “outperform” rating in a report on Thursday, January 23rd. Mizuho increased their price objective on Life Time Group from $38.00 to $41.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 5th. Wells Fargo & Company set a $28.00 target price on Life Time Group and gave the company a “hold” rating in a research note on Thursday, February 27th. Morgan Stanley increased their price target on shares of Life Time Group from $29.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Monday, February 24th. Finally, Royal Bank of Canada set a $35.00 price objective on shares of Life Time Group and gave the company a “buy” rating in a research report on Thursday, February 27th. Five investment 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, the company has a consensus rating of “Moderate Buy” and an average 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.