Life Time Group Holdings, Inc. (NYSE:LTH) Stock Position Lifted by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P grew its holdings in shares of Life Time Group Holdings, Inc. (NYSE:LTH) by 12.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 3,425,925 shares of the company’s stock after buying an additional 375,672 shares during the quarter. Loomis Sayles & Co. L P’s holdings in Life Time Group were worth $75,781,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of LTH. Natixis Advisors LLC acquired a new position in Life Time Group during the 3rd quarter valued at about $839,000. Intech Investment Management LLC acquired a new position in shares of Life Time Group during the third quarter valued at approximately $357,000. Charles Schwab Investment Management Inc. raised its holdings in Life Time Group by 20.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 586,841 shares of the company’s stock worth $14,331,000 after purchasing an additional 100,022 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in Life Time Group by 15.9% during the third quarter. The Manufacturers Life Insurance Company now owns 43,298 shares of the company’s stock worth $1,057,000 after purchasing an additional 5,928 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new stake in Life Time Group in the third quarter worth approximately $3,949,000. 79.40% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Life Time Group

In other Life Time Group news, EVP Ritadhwaja Jebens Singh sold 48,596 shares of the business’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $28.00, for a total value of $1,360,688.00. Following the transaction, the executive vice president now owns 143,030 shares in the company, valued at $4,004,840. The trade was a 25.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Bahram Akradi sold 5,000,000 shares of the company’s 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 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. The trade was a 62.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,082,147 shares of company stock worth $152,891,556. 8.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Oppenheimer boosted their price objective on Life Time Group from $33.00 to $43.00 and gave the stock an “outperform” rating in a research note on Thursday, January 23rd. Morgan Stanley boosted their price target on shares of Life Time Group from $29.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Monday, February 24th. Northland Securities raised their price objective on shares of Life Time Group from $29.00 to $31.50 and gave the company an “outperform” rating in a research report on Friday, January 17th. The Goldman Sachs Group boosted 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. Finally, Craig Hallum raised their target price on shares of Life Time Group from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Friday, February 28th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $33.86.

Life Time Group Price Performance

Shares of LTH opened at $31.78 on Thursday. The business’s 50-day moving average is $30.35 and its 200-day moving average is $26.18. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.59 and a quick ratio of 0.46. The company has a market capitalization of $6.66 billion, a price-to-earnings ratio of 46.06, a P/E/G ratio of 0.81 and a beta of 1.93. Life Time Group Holdings, Inc. has a fifty-two week low of $12.34 and a fifty-two week high of $33.64.

Life Time Group Company 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.