Dimensional Fund Advisors LP Purchases 147,295 Shares of Life Time Group Holdings, Inc. (NYSE:LTH)

Dimensional Fund Advisors LP lifted its holdings in Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 2.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,190,447 shares of the company's stock after buying an additional 147,295 shares during the period. Dimensional Fund Advisors LP owned about 2.51% of Life Time Group worth $114,809,000 as of its most recent SEC filing.

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

Insider Buying and Selling

In other Life Time Group news, CFO Erik Weaver sold 1,741 shares of the business's stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $29.62, for a total value of $51,568.42. Following the sale, the chief financial officer now owns 96,361 shares of the company's stock, valued at $2,854,212.82. The trade was a 1.77 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Bahram Akradi sold 5,000,000 shares of the firm'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 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 disclosure for this sale can be found here. 8.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have commented on LTH shares. Royal Bank of Canada set a $35.00 target price on Life Time Group and gave the company a "buy" rating in a research note on Thursday, February 27th. BMO Capital Markets set a $28.00 price target on Life Time Group and gave the company a "hold" rating in a research note on Friday, March 14th. Guggenheim lifted their target price on shares of Life Time Group from $32.00 to $36.00 and gave the company a "buy" rating in a research note on Friday, February 28th. Evercore ISI set a $38.00 target price on shares of Life Time Group and gave the stock a "buy" rating in a research report on Thursday, February 27th. Finally, Craig Hallum upped their price objective on shares of Life Time Group from $40.00 to $45.00 and gave the stock a "buy" rating in a report on Friday, February 28th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $35.62.

Life Time Group Stock Performance

NYSE LTH traded up $1.31 during trading on Friday, hitting $32.21. The company's stock had a trading volume of 411,818 shares, compared to its average volume of 2,242,641. Life Time Group Holdings, Inc. has a 52 week low of $13.98 and a 52 week high of $33.64. The company has a quick ratio of 0.46, a current ratio of 0.59 and a debt-to-equity ratio of 0.64. The firm has a market cap of $6.89 billion, a P/E ratio of 46.69, a price-to-earnings-growth ratio of 0.81 and a beta of 1.87. The firm has a 50 day moving average price of $30.42 and a 200 day moving average price of $27.28.

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.