Life Time Group Holdings, Inc. (NYSE:LTH) Sees Large Increase in Short Interest

Life Time Group Holdings, Inc. (NYSE:LTH) saw a significant increase in short interest in March. As of March 15th, there was short interest totalling 7,180,000 shares, an increase of 25.5% from the February 28th total of 5,720,000 shares. Based on an average daily trading volume, of 2,210,000 shares, the short-interest ratio is currently 3.2 days. Currently, 7.4% of the shares of the stock are sold short.

Life Time Group Stock Up 3.7 %

Shares of NYSE:LTH opened at $31.34 on Thursday. The company has a 50 day moving average price of $30.65 and a two-hundred day moving average price of $26.42. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.46 and a current ratio of 0.59. The company has a market capitalization of $6.70 billion, a PE ratio of 45.42, a PEG ratio of 0.81 and a beta of 1.93. Life Time Group has a 52 week low of $12.34 and a 52 week high of $33.64.

Analysts Set New Price Targets

Several research firms have recently commented on LTH. Deutsche Bank Aktiengesellschaft set a $36.00 price target on shares of Life Time Group and gave the company a “buy” rating in a research note on Monday, March 3rd. Evercore ISI set a $38.00 price objective on Life Time Group and gave the company a “buy” rating in a research report on Thursday, February 27th. Guggenheim boosted their target price on Life Time Group from $32.00 to $36.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. Wells Fargo & Company set a $28.00 price target on Life Time Group and gave the company a “hold” rating in a report on Thursday, February 27th. Finally, Bank of America set a $40.00 price objective on Life Time Group and gave the stock a “buy” rating in a report on Monday, March 3rd. Five 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, the company presently has an average rating of “Moderate Buy” and an average price target of $35.62.

Insider Transactions at Life Time Group

In other Life Time Group news, CEO Bahram Akradi sold 5,000,000 shares of Life Time Group stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $30.13, for a total value of $150,650,000.00. Following the completion of the transaction, the chief executive officer now owns 2,993,849 shares in the company, valued at approximately $90,204,670.37. The trade was a 62.55 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Erik Weaver sold 1,741 shares of the business’s stock in a transaction on 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 in the company, valued at approximately $2,854,212.82. This represents a 1.77 % decrease in their position. 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.

Institutional Trading of Life Time Group

A number of large investors have recently made changes to their positions in the company. California State Teachers Retirement System grew its stake in Life Time Group by 17.7% in the fourth quarter. California State Teachers Retirement System now owns 66,385 shares of the company’s stock valued at $1,468,000 after acquiring an additional 9,964 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Life Time Group during the 4th quarter valued at about $5,619,000. PharVision Advisers LLC acquired a new position in shares of Life Time Group in the 4th quarter valued at approximately $209,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Life Time Group by 34.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 134,939 shares of the company’s stock valued at $2,985,000 after purchasing an additional 34,727 shares during the period. Finally, Squarepoint Ops LLC increased its stake in Life Time Group by 413.3% during the 4th quarter. Squarepoint Ops LLC now owns 210,391 shares of the company’s stock worth $4,654,000 after purchasing an additional 169,402 shares in the last quarter. Institutional investors own 79.40% of the company’s stock.

About Life Time Group

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.