Life Time Group Holdings, Inc. (NYSE:LTH) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lowered its position in shares of Life Time Group Holdings, Inc. (NYSE:LTH) by 61.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 10,216 shares of the company’s stock after selling 16,509 shares during the period. SG Americas Securities LLC’s holdings in Life Time Group were worth $226,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in LTH. Jane Street Group LLC grew its holdings in Life Time Group by 146.8% during the third quarter. Jane Street Group LLC now owns 182,054 shares of the company’s stock worth $4,446,000 after acquiring an additional 108,283 shares during the period. Franklin Resources Inc. purchased a new stake in shares of Life Time Group during the 3rd quarter worth $593,000. Quadrature Capital Ltd acquired a new position in shares of Life Time Group during the 3rd quarter worth $697,000. JPMorgan Chase & Co. increased its holdings in shares of Life Time Group by 11.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,569,214 shares of the company’s stock valued at $87,160,000 after purchasing an additional 356,255 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in shares of Life Time Group by 105.8% in the third quarter. Farther Finance Advisors LLC now owns 1,762 shares of the company’s stock valued at $43,000 after purchasing an additional 906 shares during the period. Institutional investors and hedge funds own 79.40% of the company’s stock.

Wall Street Analyst Weigh In

LTH has been the topic of several recent analyst reports. Guggenheim restated a “buy” rating and set a $32.00 target price (up from $29.00) on shares of Life Time Group in a research report on Friday, January 17th. Craig Hallum upped their price target on Life Time Group from $33.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Evercore ISI started coverage on Life Time Group in a report on Friday, November 22nd. They set an “outperform” rating and a $29.00 price objective for the company. Northland Securities upped their target price on Life Time Group from $29.00 to $31.50 and gave the company an “outperform” rating in a report on Friday, January 17th. Finally, Wells Fargo & Company lifted their price target on 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. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $31.77.

Insider Buying and Selling

In other news, EVP Parham Javaheri sold 168,000 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $24.57, for a total transaction of $4,127,760.00. Following the completion of the sale, the executive vice president now directly owns 243,938 shares in the company, valued at $5,993,556.66. This represents a 40.78 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, 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 value of $51,568.42. Following the completion of the transaction, the chief financial officer now owns 96,361 shares in the company, valued at $2,854,212.82. The trade was a 1.77 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 250,147 shares of company stock worth $6,369,316. 12.50% of the stock is owned by insiders.

Life Time Group Price Performance

Life Time Group stock opened at $31.51 on Friday. The stock has a market capitalization of $6.52 billion, a P/E ratio of 45.66, a P/E/G ratio of 0.72 and a beta of 1.94. Life Time Group Holdings, Inc. has a 12-month low of $11.89 and a 12-month high of $31.61. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.59 and a quick ratio of 0.46. The firm’s 50-day moving average is $25.03 and its two-hundred day moving average is $24.23.

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.