Life Time Group Holdings, Inc. (NYSE:LTH) Shares Acquired by Royce & Associates LP

Royce & Associates LP grew its position in Life Time Group Holdings, Inc. (NYSE:LTH) by 117.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 178,000 shares of the company’s stock after buying an additional 96,000 shares during the quarter. Royce & Associates LP owned 0.09% of Life Time Group worth $3,937,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Bank of New York Mellon Corp grew its stake in shares of Life Time Group by 0.4% in the fourth quarter. Bank of New York Mellon Corp now owns 219,915 shares of the company’s stock valued at $4,865,000 after buying an additional 788 shares in the last quarter. Moody National Bank Trust Division grew its stake in shares of Life Time Group by 1.0% in the fourth quarter. Moody National Bank Trust Division now owns 92,101 shares of the company’s stock valued at $2,037,000 after buying an additional 911 shares in the last quarter. Rhumbline Advisers grew its stake in shares of Life Time Group by 1.2% in the fourth quarter. Rhumbline Advisers now owns 91,572 shares of the company’s stock valued at $2,026,000 after buying an additional 1,075 shares in the last quarter. Handelsbanken Fonder AB grew its stake in Life Time Group by 6.4% during the 4th quarter. Handelsbanken Fonder AB now owns 18,400 shares of the company’s stock worth $407,000 after purchasing an additional 1,100 shares in the last quarter. Finally, Natixis Advisors LLC grew its stake in Life Time Group by 4.7% during the 4th quarter. Natixis Advisors LLC now owns 35,974 shares of the company’s stock worth $796,000 after purchasing an additional 1,631 shares in the last quarter. 79.40% of the stock is owned by institutional investors and hedge funds.

Life Time Group Stock Up 2.4 %

Life Time Group stock opened at $30.90 on Thursday. Life Time Group Holdings, Inc. has a fifty-two week low of $12.34 and a fifty-two week 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 company has a market capitalization of $6.48 billion, a P/E ratio of 44.79, a PEG ratio of 0.81 and a beta of 1.93. The stock has a 50-day simple moving average of $29.60 and a 200-day simple moving average of $25.90.

Analyst Upgrades and Downgrades

Several research analysts recently commented on LTH shares. Wells Fargo & Company boosted their target price on Life Time Group from $26.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Friday, January 17th. Morgan Stanley boosted their target price on Life Time Group from $29.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Monday, February 24th. Evercore ISI started coverage on Life Time Group in a research note on Friday, November 22nd. They set an “outperform” rating and a $29.00 target price for the company. Northland Securities boosted their target price on Life Time Group from $29.00 to $31.50 and gave the stock an “outperform” rating in a research note on Friday, January 17th. Finally, Mizuho boosted their target price 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. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, Life Time Group presently has an average rating of “Moderate Buy” and a consensus price target of $33.86.

Insider Activity

In other Life Time Group news, CFO Erik Weaver sold 1,741 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The stock was 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 of the company’s stock, valued at $2,854,212.82. This represents a 1.77 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Bahram Akradi sold 5,000,000 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $30.13, for a total value of $150,650,000.00. Following 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 represents a 62.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 5,082,147 shares of company stock valued at $152,891,556. 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.