37,017 Shares in Life Time Group Holdings, Inc. (NYSE:LTH) Bought by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC bought a new position in Life Time Group Holdings, Inc. (NYSE:LTH) in the fourth quarter, HoldingsChannel.com reports. The firm bought 37,017 shares of the company’s stock, valued at approximately $819,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Marshall Wace LLP boosted its position in shares of Life Time Group by 7,344.2% during the fourth quarter. Marshall Wace LLP now owns 1,361,032 shares of the company’s stock worth $30,106,000 after buying an additional 1,342,749 shares during the period. Lord Abbett & CO. LLC acquired a new position in Life Time Group during the 3rd quarter worth approximately $31,575,000. Norges Bank bought a new position in shares of Life Time Group during the 4th quarter worth approximately $19,198,000. American Century Companies Inc. raised its holdings in shares of Life Time Group by 61.9% in the fourth quarter. American Century Companies Inc. now owns 1,924,461 shares of the company’s stock valued at $42,569,000 after purchasing an additional 735,682 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Life Time Group by 45.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,038,064 shares of the company’s stock worth $45,082,000 after purchasing an additional 640,385 shares in the last quarter. Institutional investors and hedge funds own 79.40% of the company’s stock.

Life Time Group Stock Performance

NYSE LTH opened at $32.37 on Friday. Life Time Group Holdings, Inc. has a 52-week low of $13.99 and a 52-week high of $33.64. The stock has a market cap of $6.92 billion, a PE ratio of 46.91, a P/E/G ratio of 0.81 and a beta of 1.87. The firm has a 50-day moving average of $30.45 and a 200-day moving average of $27.33. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.46 and a current ratio of 0.59.

Analyst Ratings Changes

LTH has been the subject of a number of analyst reports. Wells Fargo & Company set a $28.00 target price on shares of Life Time Group and gave the company a “hold” rating in a research report on Thursday, February 27th. Royal Bank of Canada set a $35.00 target price on Life Time Group and gave the stock a “buy” rating in a report on Thursday, February 27th. Mizuho raised 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. Northland Securities set a $39.00 price objective on Life Time Group and gave the stock a “buy” rating in a research note on Thursday, February 27th. Finally, BMO Capital Markets set a $28.00 target price on shares of Life Time Group and gave the company a “hold” rating in a research note on Friday, March 14th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $35.62.

Insiders Place Their Bets

In other Life Time Group news, CEO Bahram Akradi sold 5,000,000 shares of Life Time Group stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $30.13, for a total value of $150,650,000.00. Following the completion of the sale, the chief executive officer now owns 2,993,849 shares in the company, valued at $90,204,670.37. The trade was a 62.55 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Erik Weaver sold 1,741 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $29.62, for a total transaction of $51,568.42. Following the transaction, the chief financial officer now owns 96,361 shares in the company, valued at approximately $2,854,212.82. The trade was a 1.77 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 8.70% of the company’s stock.

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.