Arrowstreet Capital Limited Partnership Buys 640,385 Shares of Life Time Group Holdings, Inc. (NYSE:LTH)

Arrowstreet Capital Limited Partnership boosted its position in Life Time Group Holdings, Inc. (NYSE:LTH) by 45.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 2,038,064 shares of the company’s stock after purchasing an additional 640,385 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Life Time Group were worth $45,082,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in LTH. R Squared Ltd bought a new stake in shares of Life Time Group during the fourth quarter worth approximately $42,000. Point72 Hong Kong Ltd bought a new position in Life Time Group in the 3rd quarter valued at about $60,000. SBI Securities Co. Ltd. acquired a new position in Life Time Group during the fourth quarter valued at approximately $88,000. Principal Securities Inc. acquired a new position in shares of Life Time Group during the 4th quarter worth $98,000. Finally, Smartleaf Asset Management LLC bought a new position in shares of Life Time Group in the fourth quarter worth about $115,000. 79.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Craig Hallum increased their price target on Life Time Group from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Guggenheim upped their price objective on shares of Life Time Group from $32.00 to $36.00 and gave the company a “buy” rating in a research note on Friday, February 28th. 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. The Goldman Sachs Group raised their price target 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, Wells Fargo & Company set a $28.00 price objective on Life Time Group and gave the company a “hold” rating in a report on Thursday, February 27th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Life Time Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.62.

Life Time Group Trading Down 0.0 %

NYSE:LTH opened at $30.20 on Wednesday. The firm’s 50 day moving average is $30.60 and its 200 day moving average is $26.38. Life Time Group Holdings, Inc. has a 12 month low of $12.34 and a 12 month high of $33.64. The stock has a market capitalization of $6.46 billion, a PE ratio of 43.76, a price-to-earnings-growth ratio of 0.81 and a beta of 1.93. The company has a current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 0.64.

Insider Buying and Selling at Life Time Group

In related news, CEO Bahram Akradi sold 5,000,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The shares were 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 of the company’s stock, valued at approximately $90,204,670.37. This trade represents a 62.55 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Ritadhwaja Jebens Singh sold 25,000 shares of the business’s stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $25.00, for a total transaction of $625,000.00. Following the sale, the executive vice president now directly owns 191,626 shares in the company, valued at $4,790,650. The trade was a 11.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,082,147 shares of company stock worth $152,891,556 over the last ninety days. 8.70% of the stock is currently owned by company insiders.

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.