Burns Matteson Capital Management LLC Makes New Investment in Life Time Group Holdings, Inc. (NYSE:LTH)

Burns Matteson Capital Management LLC purchased a new stake in Life Time Group Holdings, Inc. (NYSE:LTH) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 14,964 shares of the company’s stock, valued at approximately $331,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in LTH. Precision Wealth Strategies LLC acquired a new stake in Life Time Group in the fourth quarter valued at approximately $387,000. R Squared Ltd bought a new position in shares of Life Time Group in the 4th quarter valued at $42,000. Park Avenue Securities LLC acquired a new stake in shares of Life Time Group during the 4th quarter valued at $542,000. Moody National Bank Trust Division grew its position in Life Time Group by 1.0% during the 4th quarter. Moody National Bank Trust Division now owns 92,101 shares of the company’s stock worth $2,037,000 after acquiring an additional 911 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Life Time Group by 11.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,569,214 shares of the company’s stock worth $87,160,000 after purchasing an additional 356,255 shares in the last quarter. 79.40% of the stock is owned by institutional investors.

Life Time Group Stock Performance

Shares of Life Time Group stock opened at $31.51 on Monday. Life Time Group Holdings, Inc. has a 52 week low of $11.89 and a 52 week high of $31.61. The company has a quick ratio of 0.46, a current ratio of 0.59 and a debt-to-equity ratio of 0.64. The business has a 50 day moving average price of $25.18 and a 200-day moving average price of $24.32. The company has a market cap of $6.52 billion, a PE ratio of 45.66, a price-to-earnings-growth ratio of 0.76 and a beta of 1.94.

Analyst Ratings Changes

Several research firms recently commented on LTH. Guggenheim reiterated a “buy” rating and set a $32.00 target price (up from $29.00) on shares of Life Time Group in a research report on Friday, January 17th. Morgan Stanley lifted their price target on shares of Life Time Group from $21.00 to $29.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th. Craig Hallum increased their price objective on Life Time Group from $33.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Northland Securities lifted their target price on Life Time Group from $29.00 to $31.50 and gave the stock an “outperform” rating in a report on Friday, January 17th. Finally, Mizuho upped their price target on Life Time Group from $32.00 to $38.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $31.77.

Insider Activity at Life Time Group

In other news, CFO Erik Weaver sold 1,741 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $29.62, for a total value of $51,568.42. Following the sale, the chief financial officer now 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Ritadhwaja Jebens Singh sold 25,000 shares of the stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $25.00, for a total value of $625,000.00. Following the sale, the executive vice president now directly owns 191,626 shares in the company, valued at $4,790,650. This trade represents a 11.54 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 250,147 shares of company stock worth $6,369,316. 12.50% of the stock is owned by company insiders.

Life Time Group 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.