EntryPoint Capital LLC Trims Stake in Life Time Group Holdings, Inc. (NYSE:LTH)

EntryPoint Capital LLC reduced its holdings in Life Time Group Holdings, Inc. (NYSE:LTH) by 22.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 15,969 shares of the company’s stock after selling 4,607 shares during the quarter. EntryPoint Capital LLC’s holdings in Life Time Group were worth $353,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. R Squared Ltd purchased a new position in Life Time Group in the 4th quarter worth approximately $42,000. Point72 Hong Kong Ltd purchased a new position in Life Time Group in the third quarter worth $60,000. SBI Securities Co. Ltd. purchased a new stake in Life Time Group during the fourth quarter valued at about $88,000. Principal Securities Inc. bought a new stake in Life Time Group during the fourth quarter worth about $98,000. Finally, FMR LLC boosted its holdings in shares of Life Time Group by 268.2% in the 3rd quarter. FMR LLC now owns 5,011 shares of the company’s stock worth $122,000 after purchasing an additional 3,650 shares in the last quarter. Hedge funds and other institutional investors own 79.40% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on LTH shares. Wells Fargo & Company increased their price target on shares of Life Time Group from $26.00 to $28.00 and gave the company an “equal weight” rating in a research report on Friday, January 17th. The Goldman Sachs Group increased their target price on shares of Life Time Group from $22.00 to $32.00 and gave the company a “neutral” rating in a report on Monday, March 3rd. Guggenheim boosted their price target on shares of Life Time Group from $32.00 to $36.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. Oppenheimer raised their price objective on Life Time Group from $33.00 to $43.00 and gave the company an “outperform” rating in a research note on Thursday, January 23rd. Finally, Morgan Stanley boosted their target price on Life Time Group from $29.00 to $30.00 and gave the company an “equal weight” rating in a research note on Monday, February 24th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Life Time Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $33.86.

Insider Buying and Selling

In other news, CEO Bahram Akradi sold 5,000,000 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now owns 2,993,849 shares of the company’s stock, valued at $90,204,670.37. This trade represents a 62.55 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Ritadhwaja Jebens Singh sold 25,000 shares of Life Time Group stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $25.00, for a total transaction of $625,000.00. Following the completion of the sale, the executive vice president now owns 191,626 shares of the company’s stock, valued at $4,790,650. This represents a 11.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,082,147 shares of company stock worth $152,891,556. 8.70% of the stock is owned by corporate insiders.

Life Time Group Stock Performance

Shares of LTH opened at $31.78 on Thursday. Life Time Group Holdings, Inc. has a 12 month low of $12.34 and a 12 month high of $33.64. The business’s fifty day simple moving average is $30.35 and its two-hundred day simple moving average is $26.18. The company has a current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 0.64. The company has a market cap of $6.66 billion, a price-to-earnings ratio of 46.06, a P/E/G ratio of 0.81 and a beta of 1.93.

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.