Life Time Group Holdings, Inc. (NYSE:LTH) Shares Bought by Braun Stacey Associates Inc.

Braun Stacey Associates Inc. increased its holdings in Life Time Group Holdings, Inc. (NYSE:LTH) by 2.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 867,132 shares of the company’s stock after acquiring an additional 17,340 shares during the quarter. Braun Stacey Associates Inc. owned approximately 0.42% of Life Time Group worth $19,181,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the business. Farther Finance Advisors LLC increased its holdings in Life Time Group by 105.8% in the third quarter. Farther Finance Advisors LLC now owns 1,762 shares of the company’s stock valued at $43,000 after buying an additional 906 shares during the last quarter. Moody National Bank Trust Division grew its position in shares of Life Time Group by 1.0% in the 4th quarter. Moody National Bank Trust Division now owns 92,101 shares of the company’s stock worth $2,037,000 after acquiring an additional 911 shares in the last quarter. Assetmark Inc. increased its holdings in shares of Life Time Group by 8.5% in the 3rd quarter. Assetmark Inc. now owns 12,022 shares of the company’s stock valued at $294,000 after acquiring an additional 941 shares during the last quarter. Rhumbline Advisers raised its position in shares of Life Time Group by 1.2% during the 4th quarter. Rhumbline Advisers now owns 91,572 shares of the company’s stock valued at $2,026,000 after acquiring an additional 1,075 shares in the last quarter. Finally, R Squared Ltd bought a new position in Life Time Group during the fourth quarter worth $42,000. Institutional investors and hedge funds own 79.40% of the company’s stock.

Life Time Group Stock Down 0.3 %

Shares of LTH opened at $32.27 on Tuesday. The business’s fifty day moving average price is $25.92 and its two-hundred day moving average price is $24.74. The firm has a market capitalization of $6.68 billion, a price-to-earnings ratio of 46.76, a PEG ratio of 0.76 and a beta of 1.94. Life Time Group Holdings, Inc. has a 52 week low of $11.89 and a 52 week high of $32.59. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.46 and a current ratio of 0.59.

Insider Activity

In other news, EVP Parham Javaheri sold 168,000 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $24.57, for a total transaction of $4,127,760.00. Following the completion of the sale, the executive vice president now owns 243,938 shares of the company’s stock, valued at $5,993,556.66. This represents a 40.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Erik Weaver sold 1,741 shares of Life Time Group stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $29.62, for a total value of $51,568.42. Following the completion of the sale, the chief financial officer now directly owns 96,361 shares in the company, 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 250,147 shares of company stock valued at $6,369,316 in the last 90 days. 12.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Wells Fargo & Company increased their target price on shares of Life Time Group from $26.00 to $28.00 and gave the stock an “equal weight” rating in a report on Friday, January 17th. Evercore ISI started coverage on shares of Life Time Group in a report on Friday, November 22nd. They issued an “outperform” rating and a $29.00 target price on the stock. Guggenheim reaffirmed a “buy” rating and set a $32.00 target price (up from $29.00) on shares of Life Time Group in a report on Friday, January 17th. Oppenheimer raised their price target on Life Time Group from $33.00 to $43.00 and gave the stock an “outperform” rating in a report on Thursday, January 23rd. Finally, Northland Securities upped their price objective on Life Time Group from $29.00 to $31.50 and gave the stock an “outperform” rating in a research note on Friday, January 17th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $31.77.

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.