Life Time Group Holdings, Inc. (NYSE:LTH) Position Increased by Versor Investments LP

Versor Investments LP increased its position in shares of Life Time Group Holdings, Inc. (NYSE:LTH) by 5.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,418 shares of the company’s stock after acquiring an additional 2,072 shares during the period. Versor Investments LP’s holdings in Life Time Group were worth $872,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Blue Trust Inc. increased its position in Life Time Group by 345.5% during the third quarter. Blue Trust Inc. now owns 2,940 shares of the company’s stock worth $72,000 after buying an additional 2,280 shares during the last quarter. Farther Finance Advisors LLC increased its position in Life Time Group by 105.8% during the third quarter. Farther Finance Advisors LLC now owns 1,762 shares of the company’s stock worth $43,000 after buying an additional 906 shares during the last quarter. Principal Financial Group Inc. increased its position in Life Time Group by 1.3% during the third quarter. Principal Financial Group Inc. now owns 3,646,372 shares of the company’s stock worth $89,045,000 after buying an additional 46,710 shares during the last quarter. Assetmark Inc. increased its position in Life Time Group by 8.5% during the third quarter. Assetmark Inc. now owns 12,022 shares of the company’s stock worth $294,000 after buying an additional 941 shares during the last quarter. Finally, Peregrine Asset Advisers Inc. increased its position in Life Time Group by 55.2% during the third quarter. Peregrine Asset Advisers Inc. now owns 258,251 shares of the company’s stock worth $6,306,000 after buying an additional 91,799 shares during the last quarter. 79.40% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LTH has been the topic of several analyst reports. Morgan Stanley increased their target price 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. Craig Hallum increased their target price on shares of Life Time Group from $33.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Northland Securities increased their target price on shares of Life Time Group from $29.00 to $31.50 and gave the stock an “outperform” rating in a research report on Friday, January 17th. Mizuho raised their price target on Life Time Group from $32.00 to $38.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. Finally, Oppenheimer raised their price target on Life Time Group from $33.00 to $43.00 and gave the company an “outperform” rating in a research report on Thursday, January 23rd. Three investment 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 has an average rating of “Moderate Buy” and an average price target of $31.86.

Life Time Group Stock Down 1.3 %

LTH stock opened at $31.21 on Friday. Life Time Group Holdings, Inc. has a twelve month low of $12.34 and a twelve month high of $33.64. The company has a market cap of $6.46 billion, a PE ratio of 45.24, a price-to-earnings-growth ratio of 0.81 and a beta of 1.94. The business’s 50-day simple moving average is $27.53 and its 200 day simple moving average is $25.27. The company has a quick ratio of 0.46, a current ratio of 0.59 and a debt-to-equity ratio of 0.64.

Insider Buying and Selling

In other Life Time Group news, EVP Ritadhwaja Jebens Singh sold 48,596 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $28.00, for a total transaction of $1,360,688.00. Following the completion of the transaction, the executive vice president now owns 143,030 shares in the company, valued at $4,004,840. This trade represents a 25.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Erik Weaver sold 1,741 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $29.62, for a total transaction of $51,568.42. Following the transaction, the chief financial officer now owns 96,361 shares of the company’s stock, valued at approximately $2,854,212.82. This represents a 1.77 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 82,147 shares of company stock valued at $2,241,556 over the last three months. 12.50% of the stock is owned by corporate insiders.

Life Time Group 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.