Life Time Group Holdings, Inc. (NYSE:LTH) Shares Purchased by First Trust Advisors LP

First Trust Advisors LP lifted its holdings in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 198.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 415,994 shares of the company's stock after purchasing an additional 276,552 shares during the period. First Trust Advisors LP owned about 0.20% of Life Time Group worth $9,202,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. R Squared Ltd purchased a new position in Life Time Group during the fourth quarter worth $42,000. Sterling Capital Management LLC increased its position in Life Time Group by 892.6% during the 4th quarter. Sterling Capital Management LLC now owns 2,025 shares of the company's stock worth $45,000 after purchasing an additional 1,821 shares in the last quarter. Dnca Finance raised its stake in Life Time Group by 11.9% in the 4th quarter. Dnca Finance now owns 3,830 shares of the company's stock valued at $85,000 after purchasing an additional 407 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in Life Time Group in the 4th quarter valued at about $88,000. Finally, Principal Securities Inc. acquired a new stake in shares of Life Time Group during the 4th quarter worth about $98,000. 79.40% of the stock is currently owned by institutional investors and hedge funds.

Life Time Group Trading Up 4.8 %

LTH traded up $1.47 on Friday, reaching $32.37. 1,389,071 shares of the company's stock were exchanged, compared to its average volume of 1,606,446. The company has a market cap of $6.92 billion, a price-to-earnings ratio of 46.91, a PEG ratio of 0.81 and a beta of 1.87. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.46 and a current ratio of 0.59. Life Time Group Holdings, Inc. has a twelve month low of $13.09 and a twelve month high of $33.64. The company's 50 day moving average is $30.42 and its 200-day moving average is $27.28.

Insider Transactions at Life Time Group

In other news, CFO Erik Weaver sold 1,741 shares of the company'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 completion of the sale, the chief financial officer now owns 96,361 shares of the company's stock, valued at $2,854,212.82. This represents a 1.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Bahram Akradi sold 5,000,000 shares of the stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 2,993,849 shares of the company's stock, valued at approximately $90,204,670.37. This trade represents a 62.55 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 8.70% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Royal Bank of Canada set a $35.00 price objective on shares of Life Time Group and gave the company a "buy" rating in a research note on Thursday, February 27th. Guggenheim increased their price target on Life Time Group from $32.00 to $36.00 and gave the stock a "buy" rating in a research note on Friday, February 28th. 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. Evercore ISI set a $38.00 target price on Life Time Group and gave the stock a "buy" rating in a research report on Thursday, February 27th. Finally, Deutsche Bank Aktiengesellschaft set a $36.00 price target on Life Time Group and gave the company a "buy" rating in a report on Monday, March 3rd. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $35.62.

About Life Time Group

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.