American Century Companies Inc. Purchases 735,682 Shares of Life Time Group Holdings, Inc. (NYSE:LTH)

American Century Companies Inc. increased its holdings in shares of Life Time Group Holdings, Inc. (NYSE:LTH) by 61.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,924,461 shares of the company’s stock after acquiring an additional 735,682 shares during the period. American Century Companies Inc. owned about 0.93% of Life Time Group worth $42,569,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Natixis Advisors LLC bought a new stake in shares of Life Time Group during the third quarter worth $839,000. Intech Investment Management LLC acquired a new position in Life Time Group during the 3rd quarter worth about $357,000. Charles Schwab Investment Management Inc. grew its holdings in Life Time Group by 20.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 586,841 shares of the company’s stock worth $14,331,000 after acquiring an additional 100,022 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in Life Time Group by 15.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 43,298 shares of the company’s stock valued at $1,057,000 after acquiring an additional 5,928 shares in the last quarter. Finally, FMR LLC raised its stake in shares of Life Time Group by 268.2% in the third quarter. FMR LLC now owns 5,011 shares of the company’s stock worth $122,000 after acquiring an additional 3,650 shares during the last quarter. 79.40% of the stock is owned by institutional investors and hedge funds.

Life Time Group Stock Performance

Shares of NYSE:LTH opened at $31.77 on Friday. The firm’s 50 day simple moving average is $30.45 and its 200 day simple moving average is $26.22. Life Time Group Holdings, Inc. has a fifty-two week low of $12.34 and a fifty-two week high of $33.64. The company has a market capitalization of $6.66 billion, a price-to-earnings ratio of 46.04, a P/E/G ratio of 0.81 and a beta of 1.93. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.59 and a quick ratio of 0.46.

Insider Buying and Selling at Life Time Group

In other Life Time Group news, CFO Erik Weaver sold 1,741 shares of the business’s stock in a transaction dated Tuesday, February 4th. The stock was 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 approximately $2,854,212.82. The trade was a 1.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Ritadhwaja Jebens Singh sold 25,000 shares of the stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $25.00, for a total value 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 $4,790,650. This trade represents a 11.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,082,147 shares of company stock valued at $152,891,556. Corporate insiders own 8.70% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Evercore ISI set a $38.00 price target on shares of Life Time Group and gave the company a “buy” rating in a report on Thursday, February 27th. Royal Bank of Canada set a $35.00 target price on Life Time Group and gave the company a “buy” rating in a research note on Thursday, February 27th. Morgan Stanley upped their price target on Life Time Group from $29.00 to $30.00 and gave the company an “equal weight” rating in a research note on Monday, February 24th. Craig Hallum lifted their price objective on Life Time Group from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. Finally, Bank of America set a $40.00 target price on shares of Life Time Group and gave the company a “buy” rating in a research report on Monday, March 3rd. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $35.62.

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.