Susquehanna Fundamental Investments LLC Makes New $819,000 Investment in Life Time Group Holdings, Inc. (NYSE:LTH)

Susquehanna Fundamental Investments LLC purchased a new position in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 37,017 shares of the company's stock, valued at approximately $819,000.

Several other large investors have also recently added to or reduced their stakes in LTH. Barclays PLC grew its stake in shares of Life Time Group by 119.0% during the 3rd quarter. Barclays PLC now owns 248,698 shares of the company's stock worth $6,073,000 after purchasing an additional 135,116 shares during the period. Franklin Resources Inc. acquired a new position in Life Time Group during the third quarter worth about $593,000. Lord Abbett & CO. LLC purchased a new position in Life Time Group in the third quarter valued at about $31,575,000. Principal Financial Group Inc. lifted its position in shares of Life Time Group by 1.3% during the 3rd 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 during the period. Finally, JPMorgan Chase & Co. boosted its stake in shares of Life Time Group by 11.1% during the 3rd 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. 79.40% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Bahram Akradi sold 5,000,000 shares of the company's stock in a transaction on 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 completion of the transaction, the chief executive officer now directly owns 2,993,849 shares in the company, valued at approximately $90,204,670.37. This represents a 62.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 8.70% of the company's stock.

Life Time Group Trading Up 2.6 %

Shares of LTH traded up $0.84 on Wednesday, hitting $33.05. 1,348,295 shares of the stock traded hands, compared to its average volume of 1,613,648. The firm has a market capitalization of $7.07 billion, a P/E ratio of 47.88, a P/E/G 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 $14.44 and a 1 year high of $33.64. The stock's 50 day moving average is $30.50 and its two-hundred day moving average is $27.43.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Wells Fargo & Company set a $28.00 price objective on Life Time Group and gave the stock a "hold" rating in a report on Thursday, February 27th. Craig Hallum lifted their price target on Life Time Group from $40.00 to $45.00 and gave the stock a "buy" rating in a research note on Friday, February 28th. Oppenheimer increased their price objective on shares of Life Time Group from $33.00 to $43.00 and gave the company an "outperform" rating in a research note on Thursday, January 23rd. Mizuho lifted their target price on shares of Life Time Group from $38.00 to $41.00 and gave the stock an "outperform" rating in a research report on Wednesday, March 5th. Finally, Bank of America set a $40.00 price target on shares of Life Time Group and gave the company a "buy" rating in a research report on Monday, March 3rd. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target 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.