Lord Abbett & CO. LLC Has $35.63 Million Position in Life Time Group Holdings, Inc. (NYSE:LTH)

Lord Abbett & CO. LLC increased its position in Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 24.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,610,549 shares of the company's stock after purchasing an additional 317,566 shares during the quarter. Lord Abbett & CO. LLC owned 0.78% of Life Time Group worth $35,626,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Barclays PLC grew its stake in shares of Life Time Group by 119.0% during the third quarter. Barclays PLC now owns 248,698 shares of the company's stock valued at $6,073,000 after acquiring an additional 135,116 shares in the last quarter. Franklin Resources Inc. bought a new stake in shares of Life Time Group in the third quarter worth $593,000. Principal Financial Group Inc. raised its holdings in Life Time Group by 1.3% in the third quarter. Principal Financial Group Inc. now owns 3,646,372 shares of the company's stock valued at $89,045,000 after acquiring an additional 46,710 shares in the last quarter. JPMorgan Chase & Co. increased its position 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 worth $87,160,000 after purchasing an additional 356,255 shares during the last quarter. Finally, Moody National Bank Trust Division lifted its position in shares of Life Time Group by 1.0% during the fourth quarter. Moody National Bank Trust Division now owns 92,101 shares of the company's stock worth $2,037,000 after purchasing an additional 911 shares during the last quarter. 79.40% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on LTH. Guggenheim boosted their price target on Life Time Group from $32.00 to $36.00 and gave the company a "buy" rating in a report on Friday, February 28th. BMO Capital Markets set a $28.00 price objective on shares of Life Time Group and gave the company a "hold" rating in a research report on Friday, March 14th. The Goldman Sachs Group raised their target price on shares of Life Time Group from $22.00 to $32.00 and gave the stock a "neutral" rating in a report on Monday, March 3rd. 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. Finally, Wells Fargo & Company set a $28.00 price objective on Life Time Group and gave the company a "hold" rating in a research report on Thursday, February 27th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Life Time Group presently has a consensus rating of "Moderate Buy" and an average target price of $35.62.

Insider Buying and Selling

In other news, 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 value of $51,568.42. Following the completion of the sale, the chief financial officer now owns 96,361 shares in the company, valued at $2,854,212.82. This represents a 1.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Bahram Akradi sold 5,000,000 shares of the company's stock in a transaction 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 transaction, 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 disclosure for this sale can be found here. Insiders own 8.70% of the company's stock.

Life Time Group Price Performance

Shares of NYSE LTH traded up $0.58 during mid-day trading on Thursday, reaching $31.24. 475,892 shares of the company traded hands, compared to its average volume of 1,604,658. Life Time Group Holdings, Inc. has a fifty-two week low of $12.34 and a fifty-two week high of $33.64. The firm has a market cap of $6.68 billion, a PE ratio of 45.17, a price-to-earnings-growth ratio of 0.81 and a beta of 1.87. The stock has a fifty day simple moving average of $30.42 and a 200-day simple moving average of $27.24. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.59 and a quick ratio of 0.46.

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.