Manatuck Hill Partners LLC Buys 31,000 Shares of Life Time Group Holdings, Inc. (NYSE:LTH)

Manatuck Hill Partners LLC increased its position in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 24.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 160,000 shares of the company's stock after acquiring an additional 31,000 shares during the quarter. Life Time Group comprises 1.5% of Manatuck Hill Partners LLC's holdings, making the stock its 23rd biggest position. Manatuck Hill Partners LLC owned 0.08% of Life Time Group worth $3,539,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its holdings in shares of Life Time Group by 2.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,190,447 shares of the company's stock valued at $114,809,000 after purchasing an additional 147,295 shares during the last quarter. Principal Financial Group Inc. raised its stake 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 buying an additional 46,710 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Life Time Group by 11.1% in the third quarter. JPMorgan Chase & Co. now owns 3,569,214 shares of the company's stock worth $87,160,000 after acquiring an additional 356,255 shares in the last quarter. Loomis Sayles & Co. L P grew its stake in shares of Life Time Group by 12.3% during the fourth quarter. Loomis Sayles & Co. L P now owns 3,425,925 shares of the company's stock worth $75,781,000 after acquiring an additional 375,672 shares during the last quarter. Finally, Hood River Capital Management LLC grew its stake in shares of Life Time Group by 2.4% during the fourth quarter. Hood River Capital Management LLC now owns 2,787,210 shares of the company's stock worth $61,653,000 after acquiring an additional 64,613 shares during the last quarter. Hedge funds and other institutional investors own 79.40% of the company's stock.

Analyst Ratings Changes

LTH has been the subject of a number of recent analyst reports. Northland Securities set a $39.00 target price on shares of Life Time Group and gave the stock a "buy" rating in a research note on Thursday, February 27th. The Goldman Sachs Group upped their target price on Life Time Group from $22.00 to $32.00 and gave the company a "neutral" rating in a research report on Monday, March 3rd. Oppenheimer lifted their price target on 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 price objective on Life Time Group and gave the company a "buy" rating in a report on Thursday, February 27th. Finally, Evercore ISI set a $38.00 target price on Life Time Group and gave the company a "buy" rating in a research report on Thursday, February 27th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Life Time Group has a consensus rating of "Moderate Buy" and a consensus target price of $35.62.

Insider Buying and Selling at Life Time Group

In other news, CEO Bahram Akradi sold 5,000,000 shares of the 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 owns 2,993,849 shares of the company's stock, valued at approximately $90,204,670.37. This represents a 62.55 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 8.70% of the company's stock.

Life Time Group Trading Up 2.7 %

Shares of NYSE:LTH traded up $0.87 during mid-day trading on Wednesday, hitting $33.08. The stock had a trading volume of 769,926 shares, compared to its average volume of 1,611,418. Life Time Group Holdings, Inc. has a 12-month low of $14.44 and a 12-month high of $33.64. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.46 and a current ratio of 0.59. The company has a market cap of $7.08 billion, a PE ratio of 47.91, a P/E/G ratio of 0.81 and a beta of 1.86. The company's 50 day moving average is $30.50 and its 200-day moving average is $27.43.

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.