Connor Clark & Lunn Investment Management Ltd. Makes New $1.21 Million Investment in Life Time Group Holdings, Inc. (NYSE:LTH)

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Life Time Group Holdings, Inc. (NYSE:LTH) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 54,680 shares of the company’s stock, valued at approximately $1,210,000.

Several other large investors have also made changes to their positions in LTH. R Squared Ltd purchased a new stake in Life Time Group in the 4th quarter worth $42,000. Point72 Hong Kong Ltd acquired a new stake in shares of Life Time Group in the third quarter valued at about $60,000. SBI Securities Co. Ltd. purchased a new stake in shares of Life Time Group during the fourth quarter worth about $88,000. Principal Securities Inc. purchased a new position in Life Time Group in the 4th quarter valued at about $98,000. Finally, FMR LLC boosted its holdings in Life Time Group by 268.2% in the 3rd 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 last quarter. 79.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on LTH. Craig Hallum raised their target price on Life Time Group from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Friday, February 28th. The Goldman Sachs Group upped their target price on shares of Life Time Group from $22.00 to $32.00 and gave the stock a “neutral” rating in a report on Monday, March 3rd. Guggenheim raised their price target on shares of Life Time Group from $32.00 to $36.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. Wells Fargo & Company boosted their price target on shares of Life Time Group from $26.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Friday, January 17th. Finally, Northland Securities increased their price objective on shares of Life Time Group from $29.00 to $31.50 and gave the company an “outperform” rating in a report on Friday, January 17th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $33.86.

Life Time Group Trading Up 2.4 %

LTH opened at $30.90 on Thursday. The stock has a market capitalization of $6.48 billion, a PE ratio of 44.79, a P/E/G ratio of 0.81 and a beta of 1.93. 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 debt-to-equity ratio of 0.64, a quick ratio of 0.46 and a current ratio of 0.59. The business’s 50 day moving average price is $29.60 and its 200 day moving average price is $25.90.

Insider Activity

In other Life Time Group news, CFO Erik Weaver sold 1,741 shares of Life Time Group 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 in the company, valued at $2,854,212.82. This trade represents a 1.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ritadhwaja Jebens Singh sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $25.00, for a total transaction of $625,000.00. Following the completion of the transaction, the executive vice president now owns 191,626 shares in the company, valued at approximately $4,790,650. This represents a 11.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,082,147 shares of company stock valued at $152,891,556 in the last quarter. Insiders own 12.50% of the company’s stock.

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.