Life Time Group (NYSE:LTH) Sees Strong Trading Volume – What’s Next?

Life Time Group Holdings, Inc. (NYSE:LTH) shares saw unusually-high trading volume on Monday . Approximately 1,098,550 shares traded hands during trading, a decline of 26% from the previous session’s volume of 1,479,113 shares.The stock last traded at $29.64 and had previously closed at $30.50.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Oppenheimer increased 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. Wells Fargo & Company set a $28.00 target price on Life Time Group and gave the company a “hold” rating in a report on Thursday, February 27th. The Goldman Sachs Group lifted their price target on Life Time Group from $22.00 to $32.00 and gave the stock a “neutral” rating in a report on Monday, March 3rd. Deutsche Bank Aktiengesellschaft set a $36.00 price target on Life Time Group and gave the company a “buy” rating in a report on Monday, March 3rd. Finally, Guggenheim raised their price objective on shares of Life Time Group from $32.00 to $36.00 and gave the stock a “buy” rating in a report on Friday, February 28th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Life Time Group has a consensus rating of “Moderate Buy” and a consensus price target of $35.62.

Life Time Group Stock Down 2.3 %

The firm has a 50 day moving average of $30.51 and a two-hundred day moving average of $26.31. The stock has a market capitalization of $6.37 billion, a PE ratio of 43.12, a P/E/G 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 Transactions at Life Time Group

In other Life Time Group news, CEO Bahram Akradi sold 5,000,000 shares of the business’s stock in a transaction on 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Erik Weaver sold 1,741 shares of the firm’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $29.62, for a total value of $51,568.42. Following the sale, the chief financial officer now owns 96,361 shares in the company, valued at $2,854,212.82. This trade represents a 1.77 % decrease in their position. The disclosure for this sale can be found here. Insiders 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 corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. California State Teachers Retirement System raised its stake in Life Time Group by 17.7% during the fourth quarter. California State Teachers Retirement System now owns 66,385 shares of the company’s stock worth $1,468,000 after purchasing an additional 9,964 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Life Time Group during the 4th quarter worth $5,619,000. PharVision Advisers LLC purchased a new position in shares of Life Time Group in the 4th quarter worth $209,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Life Time Group by 34.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 134,939 shares of the company’s stock valued at $2,985,000 after acquiring an additional 34,727 shares during the last quarter. Finally, Squarepoint Ops LLC grew its position in Life Time Group by 413.3% during the fourth quarter. Squarepoint Ops LLC now owns 210,391 shares of the company’s stock valued at $4,654,000 after acquiring an additional 169,402 shares during the period. 79.40% of the stock is currently owned by hedge funds and other institutional investors.

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.