Barclays PLC Has $2.71 Million Stock Position in Life Time Group Holdings, Inc. (NYSE:LTH)

Barclays PLC trimmed its holdings in Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 50.8% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 122,347 shares of the company's stock after selling 126,351 shares during the period. Barclays PLC owned approximately 0.06% of Life Time Group worth $2,705,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Franklin Resources Inc. acquired a new position in shares of Life Time Group during the third quarter worth about $593,000. JPMorgan Chase & Co. lifted its holdings in shares of Life Time Group by 11.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,569,214 shares of the company's stock valued at $87,160,000 after buying an additional 356,255 shares during the period. Burns Matteson Capital Management LLC purchased a new stake in Life Time Group during the fourth quarter worth about $331,000. Braun Stacey Associates Inc. grew its holdings in Life Time Group by 2.0% in the fourth quarter. Braun Stacey Associates Inc. now owns 867,132 shares of the company's stock valued at $19,181,000 after purchasing an additional 17,340 shares during the last quarter. Finally, Precision Wealth Strategies LLC acquired a new stake in shares of Life Time Group in the fourth quarter valued at approximately $387,000. Hedge funds and other institutional investors own 79.40% of the company's stock.

Life Time Group Trading Up 1.8 %

Shares of NYSE LTH traded up $0.57 during mid-day trading on Monday, hitting $32.89. 954,312 shares of the company traded hands, compared to its average volume of 2,238,481. The business has a 50 day moving average of $30.45 and a two-hundred day moving average of $27.35. The stock has a market capitalization of $7.03 billion, a price-to-earnings ratio of 47.64, a PEG ratio of 0.81 and a beta of 1.86. The company has a quick ratio of 0.46, a current ratio of 0.59 and a debt-to-equity ratio of 0.64. Life Time Group Holdings, Inc. has a 1 year low of $14.39 and a 1 year high of $33.64.

Insider Buying and Selling

In other Life Time Group news, CEO Bahram Akradi sold 5,000,000 shares of Life Time Group 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 completion of the sale, the chief executive officer now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Erik Weaver sold 1,741 shares of the stock in a transaction 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 transaction, the chief financial officer now directly owns 96,361 shares in the company, valued at $2,854,212.82. The trade was a 1.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 8.70% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Oppenheimer raised their target price on shares of Life Time Group from $33.00 to $43.00 and gave the stock an "outperform" rating in a research report on Thursday, January 23rd. Royal Bank of Canada set a $35.00 target price on Life Time Group and gave the stock a "buy" rating in a research report on Thursday, February 27th. Evercore ISI set a $38.00 target price on shares of Life Time Group and gave the company a "buy" rating in a research note on Thursday, February 27th. Morgan Stanley lifted their price objective on shares of Life Time Group from $29.00 to $30.00 and gave the stock an "equal weight" rating in a report on Monday, February 24th. Finally, Deutsche Bank Aktiengesellschaft set a $36.00 target price on Life Time Group and gave the company a "buy" rating in a report on Monday, March 3rd. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price 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.