Life Time Group Holdings, Inc. (NYSE:LTH) CEO Bahram Akradi Sells 5,000,000 Shares

Life Time Group Holdings, Inc. (NYSE:LTH) CEO Bahram Akradi sold 5,000,000 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 2,993,849 shares of the company’s stock, valued at $90,204,670.37. The trade was a 62.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Life Time Group Stock Performance

NYSE:LTH opened at $31.43 on Tuesday. The company has a 50-day moving average of $27.88 and a 200-day moving average of $25.43. The firm has a market cap of $6.51 billion, a price-to-earnings ratio of 45.55, a price-to-earnings-growth ratio of 0.81 and a beta of 1.94. The company has a current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 0.64. Life Time Group Holdings, Inc. has a twelve month low of $12.34 and a twelve month high of $33.64.

Analyst Ratings Changes

Several brokerages have recently issued reports on LTH. Guggenheim boosted their price objective on Life Time Group from $32.00 to $36.00 and gave the stock a “buy” rating in a research report on Friday. Oppenheimer boosted their price target on Life Time Group from $33.00 to $43.00 and gave the stock an “outperform” rating in a research report on Thursday, January 23rd. Mizuho raised their price target on Life Time Group from $32.00 to $38.00 and gave the company an “outperform” rating in a report on Friday, January 24th. Evercore ISI began coverage on shares of Life Time Group in a report on Friday, November 22nd. They issued an “outperform” rating and a $29.00 price objective for the company. Finally, Morgan Stanley increased their target price on shares of Life Time Group from $29.00 to $30.00 and gave the company an “equal weight” rating in a research report on Monday, February 24th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $33.59.

Institutional Trading of Life Time Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC increased its holdings in shares of Life Time Group by 146.8% in the third quarter. Jane Street Group LLC now owns 182,054 shares of the company’s stock valued at $4,446,000 after buying an additional 108,283 shares in the last quarter. Franklin Resources Inc. acquired a new stake in shares of Life Time Group during the third quarter worth $593,000. Quadrature Capital Ltd acquired a new stake in shares of Life Time Group during the third quarter worth $697,000. JPMorgan Chase & Co. lifted its holdings in shares of Life Time Group by 11.1% during the third quarter. JPMorgan Chase & Co. now owns 3,569,214 shares of the company’s stock valued at $87,160,000 after purchasing an additional 356,255 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its position in shares of Life Time Group by 105.8% in the 3rd 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. 79.40% of the stock is owned by institutional investors and hedge funds.

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.