Nkcfo LLC purchased a new stake in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 30,000 shares of the company's stock, valued at approximately $664,000.
Other large investors have also recently added to or reduced their stakes in the company. Lord Abbett & CO. LLC acquired a new stake in shares of Life Time Group during the third quarter worth $31,575,000. Loomis Sayles & Co. L P lifted its holdings in Life Time Group by 33.1% in the third quarter. Loomis Sayles & Co. L P now owns 3,050,253 shares of the company's stock worth $74,487,000 after acquiring an additional 758,757 shares during the last quarter. Point72 Asset Management L.P. boosted its stake in Life Time Group by 135.9% in the third quarter. Point72 Asset Management L.P. now owns 890,657 shares of the company's stock valued at $21,750,000 after acquiring an additional 513,033 shares during the period. Braun Stacey Associates Inc. grew its holdings in shares of Life Time Group by 113.7% during the third quarter. Braun Stacey Associates Inc. now owns 849,792 shares of the company's stock valued at $20,752,000 after purchasing an additional 452,197 shares during the last quarter. Finally, 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 worth $87,160,000 after purchasing an additional 356,255 shares during the last quarter. 79.40% of the stock is currently owned by institutional investors.
A number of brokerages recently commented on LTH. Wells Fargo & Company upped their price objective on Life Time Group from $26.00 to $28.00 and gave the stock an "equal weight" rating in a research note on Friday, January 17th. Craig Hallum increased their price objective on shares of Life Time Group from $33.00 to $40.00 and gave the stock a "buy" rating in a report on Wednesday, January 22nd. Mizuho boosted their target price on shares of Life Time Group from $32.00 to $38.00 and gave the company an "outperform" rating in a research note on Friday, January 24th. Evercore ISI assumed coverage on shares of Life Time Group in a research note on Friday, November 22nd. They issued an "outperform" rating and a $29.00 price target on the stock. Finally, Northland Securities lifted their price target on Life Time Group from $29.00 to $31.50 and gave the company an "outperform" rating in a report on Friday, January 17th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $31.77.
View Our Latest Stock Report on Life Time Group
In related news, EVP Ritadhwaja Jebens Singh sold 6,810 shares of the business's stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $30.00, for a total value of $204,300.00. Following the sale, the executive vice president now directly owns 136,220 shares in the company, valued at $4,086,600. The trade was a 4.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Erik Weaver sold 1,741 shares of the stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 96,361 shares of the company's stock, valued at approximately $2,854,212.82. This represents a 1.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 250,147 shares of company stock worth $6,369,316 over the last 90 days. 12.50% of the stock is currently owned by company insiders.
LTH opened at $32.27 on Friday. Life Time Group Holdings, Inc. has a 1-year low of $11.89 and a 1-year high of $32.59. The company has a market capitalization of $6.68 billion, a price-to-earnings ratio of 46.76, a price-to-earnings-growth ratio of 0.76 and a beta of 1.94. The business has a 50 day moving average price of $25.92 and a two-hundred day moving average price of $24.69. 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 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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