PDT Partners LLC cut its position in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 15.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 72,687 shares of the company's stock after selling 13,096 shares during the period. PDT Partners LLC's holdings in Life Time Group were worth $1,608,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also made changes to their positions in the company. R Squared Ltd bought a new stake in shares of Life Time Group in the fourth quarter valued at about $42,000. Sterling Capital Management LLC raised its holdings in shares of Life Time Group by 892.6% in the 4th 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 in the last quarter. Quarry LP lifted its position in shares of Life Time Group by 240.4% in 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. Dnca Finance boosted its stake in shares of Life Time Group by 11.9% during the fourth quarter. Dnca Finance now owns 3,830 shares of the company's stock valued at $85,000 after purchasing an additional 407 shares in the last quarter. Finally, SBI Securities Co. Ltd. purchased a new position in Life Time Group during the fourth quarter valued at approximately $88,000. 79.40% of the stock is currently owned by hedge funds and other institutional investors.
Life Time Group Stock Performance
Shares of NYSE LTH traded up $1.47 during mid-day trading on Friday, hitting $32.37. The stock had a trading volume of 1,389,071 shares, compared to its average volume of 1,610,172. The firm has a market cap of $6.92 billion, a PE ratio of 46.91, a PEG ratio of 0.81 and a beta of 1.87. 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 50 day moving average of $30.45 and a two-hundred day moving average of $27.34. Life Time Group Holdings, Inc. has a twelve month low of $14.39 and a twelve month high of $33.64.
Insider Buying and Selling at Life Time Group
In related news, CFO Erik Weaver sold 1,741 shares of the firm's stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $29.62, for a total transaction of $51,568.42. Following the completion of the transaction, the chief financial officer now owns 96,361 shares of the company's stock, valued at $2,854,212.82. This trade represents a 1.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 value of $150,650,000.00. Following the sale, the chief executive officer now directly owns 2,993,849 shares in the company, valued at $90,204,670.37. This represents a 62.55 % 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.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on LTH. Oppenheimer upped 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. Bank of America set a $40.00 price objective on Life Time Group and gave the stock a "buy" rating in a research note on Monday, March 3rd. BMO Capital Markets set a $28.00 target price on shares of Life Time Group and gave the stock a "hold" rating in a report on Friday, March 14th. Northland Securities set a $39.00 price target on shares of Life Time Group and gave the company a "buy" rating in a report on Thursday, February 27th. Finally, Craig Hallum boosted 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 note on Friday, February 28th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, Life Time Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $35.62.
Check Out Our Latest Stock Analysis on LTH
About Life Time Group
(
Free Report)
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.
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