EntryPoint Capital LLC Sells 4,607 Shares of Life Time Group Holdings, Inc. (NYSE:LTH)

EntryPoint Capital LLC cut its stake in Life Time Group Holdings, Inc. (NYSE:LTH) by 22.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,969 shares of the company’s stock after selling 4,607 shares during the period. EntryPoint Capital LLC’s holdings in Life Time Group were worth $353,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in LTH. Lord Abbett & CO. LLC bought a new stake in shares of Life Time Group in the 3rd quarter valued at $31,575,000. American Century Companies Inc. grew its holdings in Life Time Group by 61.9% during the 4th quarter. American Century Companies Inc. now owns 1,924,461 shares of the company’s stock worth $42,569,000 after acquiring an additional 735,682 shares during the period. Point72 Asset Management L.P. grew its holdings in Life Time Group by 135.9% during the 3rd quarter. Point72 Asset Management L.P. now owns 890,657 shares of the company’s stock worth $21,750,000 after acquiring an additional 513,033 shares during the period. JPMorgan Chase & Co. raised its position 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 acquiring an additional 356,255 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Life Time Group in the 3rd quarter valued at about $5,131,000. Institutional investors and hedge funds own 79.40% of the company’s stock.

Insider Buying and Selling

In other Life Time Group news, CEO Bahram Akradi sold 5,000,000 shares of Life Time Group stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $30.13, for a total transaction of $150,650,000.00. Following the transaction, the chief executive officer now directly owns 2,993,849 shares of the company’s stock, valued at $90,204,670.37. The trade was a 62.55 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Ritadhwaja Jebens Singh sold 25,000 shares of the stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $25.00, for a total transaction of $625,000.00. Following the completion of the sale, the executive vice president now owns 191,626 shares of the company’s stock, valued at approximately $4,790,650. This represents a 11.54 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,082,147 shares of company stock worth $152,891,556. 8.70% of the stock is owned by corporate insiders.

Life Time Group Stock Performance

Shares of LTH opened at $31.78 on Thursday. The firm has a market capitalization of $6.66 billion, a P/E 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 52 week low of $12.34 and a 52 week high of $33.64. The stock has a 50 day moving average price of $30.35 and a two-hundred day moving average price of $26.18. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.46 and a current ratio of 0.59.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on LTH shares. Craig Hallum lifted their target price on Life Time Group from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Friday, February 28th. Mizuho boosted their target price on shares of Life Time Group from $38.00 to $41.00 and gave the company an “outperform” rating in a research report on Wednesday, March 5th. 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. Morgan Stanley upped their price objective on shares of Life Time Group from $29.00 to $30.00 and gave the company an “equal weight” rating in a report on Monday, February 24th. Finally, Oppenheimer raised their target price on Life Time Group from $33.00 to $43.00 and gave the company an “outperform” rating in a research note 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. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $33.86.

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.