Prudential Financial Inc. Purchases 146,300 Shares of Life Time Group Holdings, Inc. (NYSE:LTH)

Prudential Financial Inc. grew its position in shares of Life Time Group Holdings, Inc. (NYSE:LTH) by 43.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 480,260 shares of the company’s stock after buying an additional 146,300 shares during the quarter. Prudential Financial Inc. owned 0.23% of Life Time Group worth $10,623,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. KLP Kapitalforvaltning AS purchased a new stake in Life Time Group during the 4th quarter valued at $310,000. American Century Companies Inc. boosted its position in shares of Life Time Group by 61.9% during the fourth quarter. American Century Companies Inc. now owns 1,924,461 shares of the company’s stock valued at $42,569,000 after buying an additional 735,682 shares during the last quarter. Summit Global Investments bought a new stake in Life Time Group in the 4th quarter worth about $480,000. Royce & Associates LP raised its position in Life Time Group by 117.1% in the 4th quarter. Royce & Associates LP now owns 178,000 shares of the company’s stock worth $3,937,000 after buying an additional 96,000 shares during the last quarter. Finally, Natixis Advisors LLC lifted its stake in Life Time Group by 4.7% during the 4th quarter. Natixis Advisors LLC now owns 35,974 shares of the company’s stock valued at $796,000 after acquiring an additional 1,631 shares during the period. Institutional investors own 79.40% of the company’s stock.

Life Time Group Trading Down 3.9 %

Life Time Group stock opened at $30.49 on Friday. Life Time Group Holdings, Inc. has a 12-month low of $12.34 and a 12-month high of $33.64. The firm has a market capitalization of $6.39 billion, a price-to-earnings ratio of 44.18, a P/E/G ratio of 0.81 and a beta of 1.93. The firm has a 50 day moving average of $30.51 and a 200 day moving average of $26.27. 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 related news, CFO Erik Weaver sold 1,741 shares of the company’s stock in a transaction 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 owns 96,361 shares of the company’s stock, valued at approximately $2,854,212.82. This represents a 1.77 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Ritadhwaja Jebens Singh sold 48,596 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $28.00, for a total value of $1,360,688.00. Following the sale, the executive vice president now directly owns 143,030 shares in the company, valued at approximately $4,004,840. This represents a 25.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,082,147 shares of company stock valued at $152,891,556 over the last three months. Corporate insiders own 8.70% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on LTH. Morgan Stanley boosted 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. Guggenheim increased their price target on Life Time Group from $32.00 to $36.00 and gave the company a “buy” rating in a report on Friday, February 28th. BMO Capital Markets set a $28.00 price objective on Life Time Group and gave the stock a “hold” rating in a report on Friday, March 14th. Royal Bank of Canada set a $35.00 target price on Life Time Group and gave the company a “buy” rating in a report on Thursday, February 27th. Finally, Mizuho boosted their price target on Life Time Group from $38.00 to $41.00 and gave the company an “outperform” rating in a research note on Wednesday, March 5th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $35.62.

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.