Smartleaf Asset Management LLC Makes New $115,000 Investment in Life Time Group Holdings, Inc. (NYSE:LTH)

Smartleaf Asset Management LLC purchased a new position in shares of Life Time Group Holdings, Inc. (NYSE:LTH) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,250 shares of the company’s stock, valued at approximately $115,000.

Several other hedge funds also recently bought and sold shares of the stock. Principal Financial Group Inc. increased its position in Life Time Group by 1.3% during the third quarter. Principal Financial Group Inc. now owns 3,646,372 shares of the company’s stock worth $89,045,000 after buying an additional 46,710 shares in the last quarter. JPMorgan Chase & Co. increased its position in Life Time Group by 11.1% during the third quarter. JPMorgan Chase & Co. now owns 3,569,214 shares of the company’s stock worth $87,160,000 after buying an additional 356,255 shares in the last quarter. Loomis Sayles & Co. L P increased its position in Life Time Group by 33.1% during the third quarter. Loomis Sayles & Co. L P now owns 3,050,253 shares of the company’s stock worth $74,487,000 after buying an additional 758,757 shares in the last quarter. Geode Capital Management LLC increased its position in Life Time Group by 11.3% during the third quarter. Geode Capital Management LLC now owns 1,497,842 shares of the company’s stock worth $36,585,000 after buying an additional 152,504 shares in the last quarter. Finally, State Street Corp grew its position in shares of Life Time Group by 14.1% in the third quarter. State Street Corp now owns 1,421,790 shares of the company’s stock valued at $34,720,000 after purchasing an additional 176,154 shares during the period. Hedge funds and other institutional investors own 79.40% of the company’s stock.

Analyst Upgrades and Downgrades

LTH has been the subject of a number of recent analyst reports. Evercore ISI initiated coverage on Life Time Group in a research report on Friday, November 22nd. They issued an “outperform” rating and a $29.00 price objective for the company. The Goldman Sachs Group lifted their price objective on Life Time Group from $22.00 to $32.00 and gave the company a “neutral” rating in a research report on Monday, March 3rd. Craig Hallum lifted their price objective 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. Morgan Stanley lifted their price objective on 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. Finally, Oppenheimer lifted their price objective on Life Time Group from $33.00 to $43.00 and gave the company an “outperform” rating in a research report on Thursday, January 23rd. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Life Time Group presently has a consensus rating of “Moderate Buy” and an average target price of $33.86.

Insiders Place Their Bets

In other Life Time Group news, CEO Bahram Akradi sold 5,000,000 shares of the business’s stock in a transaction dated Thursday, February 27th. The stock was 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 owns 2,993,849 shares in the company, valued at $90,204,670.37. The trade was a 62.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Erik Weaver sold 1,741 shares of the business’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $29.62, for a total value of $51,568.42. Following the transaction, the chief financial officer now owns 96,361 shares in the company, valued at approximately $2,854,212.82. This represents a 1.77 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,082,147 shares of company stock worth $152,891,556 over the last quarter. 12.50% of the stock is owned by corporate insiders.

Life Time Group Price Performance

Shares of Life Time Group stock opened at $29.13 on Friday. Life Time Group Holdings, Inc. has a twelve month low of $12.34 and a twelve month high of $33.64. The stock has a market capitalization of $6.10 billion, a P/E ratio of 42.21, a PEG ratio of 0.81 and a beta of 1.93. The company has a current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 0.64. The business’s fifty day moving average price is $28.57 and its 200 day moving average price is $25.60.

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.