Principal Financial Group Inc. Sells 864,055 Shares of Life Time Group Holdings, Inc. (NYSE:LTH)

Principal Financial Group Inc. decreased its stake in shares of Life Time Group Holdings, Inc. (NYSE:LTH) by 23.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,782,317 shares of the company’s stock after selling 864,055 shares during the period. Principal Financial Group Inc. owned 1.34% of Life Time Group worth $61,547,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. boosted its holdings in shares of Life Time Group by 11.1% during the third 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 during the period. Loomis Sayles & Co. L P boosted its stake in Life Time Group by 33.1% in the 3rd quarter. Loomis Sayles & Co. L P now owns 3,050,253 shares of the company’s stock valued at $74,487,000 after purchasing an additional 758,757 shares during the period. Geode Capital Management LLC boosted its stake in Life Time Group by 11.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,497,842 shares of the company’s stock valued at $36,585,000 after purchasing an additional 152,504 shares during the period. State Street Corp grew its holdings in Life Time Group by 14.1% in the 3rd quarter. State Street Corp now owns 1,421,790 shares of the company’s stock valued at $34,720,000 after buying an additional 176,154 shares in the last quarter. Finally, Lord Abbett & CO. LLC bought a new position in Life Time Group during the 3rd quarter worth $31,575,000. Institutional investors and hedge funds own 79.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on LTH. Craig Hallum upped their price target on shares of Life Time Group from $33.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. 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 research report on Friday, January 17th. Northland Securities lifted their price target on shares of Life Time Group from $29.00 to $31.50 and gave the company an “outperform” rating in a research report on Friday, January 17th. Evercore ISI began coverage on Life Time Group in a research report on Friday, November 22nd. They set an “outperform” rating and a $29.00 price target on the stock. Finally, Oppenheimer lifted their price objective on Life Time Group from $33.00 to $43.00 and gave the company an “outperform” rating in a report on Thursday, January 23rd. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $31.77.

Insider Activity at Life Time Group

In other news, EVP Parham Javaheri sold 168,000 shares of Life Time Group stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $24.57, for a total transaction of $4,127,760.00. Following the sale, the executive vice president now directly owns 243,938 shares of the company’s stock, valued at approximately $5,993,556.66. This trade represents a 40.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Erik Weaver sold 1,741 shares of the company’s 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 transaction, the chief financial officer now directly owns 96,361 shares of the company’s stock, valued at $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 corporate insiders.

Life Time Group Trading Up 1.8 %

LTH opened at $33.26 on Thursday. The company’s 50 day moving average is $26.28 and its 200-day moving average is $24.89. The company has a market cap of $6.88 billion, a P/E ratio of 48.20, a PEG ratio of 0.80 and a beta of 1.94. Life Time Group Holdings, Inc. has a 1-year low of $11.89 and a 1-year high of $33.60. The company has a current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 0.64.

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.