Life Time Group Holdings, Inc. (NYSE:LTH) Shares Acquired by Algert Global LLC

Algert Global LLC boosted its position in Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 79.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 363,895 shares of the company's stock after buying an additional 161,632 shares during the period. Algert Global LLC owned approximately 0.18% of Life Time Group worth $8,049,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Kapitalo Investimentos Ltda purchased a new stake in shares of Life Time Group in the 4th quarter valued at $33,000. R Squared Ltd acquired a new position in Life Time Group during the fourth quarter valued at $42,000. Sterling Capital Management LLC boosted its holdings in Life Time Group by 892.6% in the fourth quarter. Sterling Capital Management LLC now owns 2,025 shares of the company's stock valued at $45,000 after purchasing an additional 1,821 shares during the last quarter. Quarry LP grew its position in Life Time Group by 240.4% during the 4th quarter. Quarry LP now owns 2,335 shares of the company's stock worth $52,000 after purchasing an additional 1,649 shares during the period. Finally, Dnca Finance raised 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 last quarter. Institutional investors and hedge funds own 79.40% of the company's stock.

Life Time Group Price Performance

Shares of LTH stock traded down $2.25 on Thursday, reaching $30.72. 5,505,017 shares of the company were exchanged, compared to its average volume of 1,639,375. The company has a market cap of $6.57 billion, a price-to-earnings ratio of 44.52, a P/E/G ratio of 0.81 and a beta of 1.86. Life Time Group Holdings, Inc. has a 1 year low of $14.52 and a 1 year high of $35.37. The business has a 50-day moving average price of $30.55 and a 200 day moving average price of $27.47. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.46 and a current ratio of 0.59.

Wall Street Analyst Weigh In

Several research firms recently commented on LTH. Oppenheimer raised their target price on Life Time Group from $33.00 to $43.00 and gave the stock an "outperform" rating in a report on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft set a $36.00 price objective on shares of Life Time Group and gave the stock a "buy" rating in a research note on Monday, March 3rd. Mizuho boosted their target price on shares of Life Time Group from $38.00 to $41.00 and gave the company an "outperform" rating in a research note on Wednesday, March 5th. BMO Capital Markets set a $28.00 price target on shares of Life Time Group and gave the company a "hold" rating in a research report on Friday, March 14th. 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 research report on Friday, February 28th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Life Time Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $35.62.

Insiders Place Their Bets

In other Life Time Group news, CEO Bahram Akradi sold 5,000,000 shares of Life Time Group stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $30.13, for a total transaction of $150,650,000.00. Following the sale, the chief executive officer now 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 position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 8.70% of the stock is owned by company insiders.

Life Time Group 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.