Summit Global Investments Makes New $480,000 Investment in Life Time Group Holdings, Inc. (NYSE:LTH)

Summit Global Investments acquired a new position in shares of Life Time Group Holdings, Inc. (NYSE:LTH) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 21,681 shares of the company’s stock, valued at approximately $480,000.

Other institutional investors also recently modified their holdings of the company. Jane Street Group LLC increased its holdings in Life Time Group by 146.8% during the 3rd quarter. Jane Street Group LLC now owns 182,054 shares of the company’s stock valued at $4,446,000 after purchasing an additional 108,283 shares in the last quarter. Franklin Resources Inc. acquired a new stake in shares of Life Time Group in the third quarter valued at $593,000. Quadrature Capital Ltd bought a new position in shares of Life Time Group in the third quarter valued at about $697,000. JPMorgan Chase & Co. lifted its position in Life Time Group by 11.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,569,214 shares of the company’s stock worth $87,160,000 after buying an additional 356,255 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Life Time Group by 11.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,497,842 shares of the company’s stock worth $36,585,000 after acquiring an additional 152,504 shares during the last quarter. Institutional investors own 79.40% of the company’s stock.

Insider Activity

In other news, CFO Erik Weaver sold 1,741 shares of Life Time Group stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $29.62, for a total transaction of $51,568.42. Following the transaction, the chief financial officer now directly owns 96,361 shares of the company’s stock, valued at $2,854,212.82. This trade represents a 1.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Bahram Akradi sold 5,000,000 shares of the company’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $30.13, for a total transaction of $150,650,000.00. Following the completion of the sale, the chief executive officer now owns 2,993,849 shares of the company’s stock, valued at approximately $90,204,670.37. This represents a 62.55 % decrease in their position. 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 in the last ninety days. 12.50% of the stock is owned by insiders.

Life Time Group Trading Up 6.0 %

NYSE LTH opened at $32.50 on Tuesday. 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 Holdings, Inc. has a 12 month low of $12.34 and a 12 month high of $33.64. The company has a market capitalization of $6.81 billion, a PE ratio of 47.09, a P/E/G ratio of 0.81 and a beta of 1.93. The stock has a 50-day simple moving average of $30.06 and a 200 day simple moving average of $26.08.

Analysts Set New Price Targets

A number of equities analysts have weighed in on LTH shares. Wells Fargo & Company boosted 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 note on Friday, January 17th. Oppenheimer boosted their price objective on shares of Life Time Group from $33.00 to $43.00 and gave the stock an “outperform” rating in a research report on Thursday, January 23rd. Mizuho increased their price objective on Life Time Group from $38.00 to $41.00 and gave the company an “outperform” rating in a research report on Wednesday, March 5th. The Goldman Sachs Group boosted their target price on Life Time Group from $22.00 to $32.00 and gave the stock a “neutral” rating in a research report on Monday, March 3rd. Finally, Northland Securities raised their price target on Life Time Group from $29.00 to $31.50 and gave the company an “outperform” rating in a report on Friday, January 17th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Life Time Group presently has an average rating of “Moderate Buy” and an average price target of $33.86.

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.