Life Time Group Holdings, Inc. (NYSE:LTH) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its holdings in shares of Life Time Group Holdings, Inc. (NYSE:LTH) by 2.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 602,371 shares of the company’s stock after purchasing an additional 15,530 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Life Time Group were worth $13,324,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in LTH. R Squared Ltd purchased a new stake in shares of Life Time Group in the 4th quarter valued at approximately $42,000. Point72 Hong Kong Ltd purchased a new stake in shares of Life Time Group in the third quarter valued at $60,000. SBI Securities Co. Ltd. purchased a new stake in Life Time Group in the 4th quarter worth about $88,000. Principal Securities Inc. purchased a new stake in Life Time Group in the 4th quarter worth about $98,000. Finally, Smartleaf Asset Management LLC purchased a new stake in Life Time Group in the 4th quarter worth about $115,000. Institutional investors and hedge funds own 79.40% of the company’s stock.

Life Time Group Price Performance

Life Time Group stock opened at $30.64 on Friday. The stock has a market capitalization of $6.42 billion, a price-to-earnings ratio of 44.40, a PEG ratio of 0.81 and a beta of 1.93. Life Time Group Holdings, Inc. has a 52-week low of $12.34 and a 52-week high of $33.64. The stock’s 50 day moving average price is $29.89 and its two-hundred day moving average price is $25.98. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.46 and a current ratio of 0.59.

Insider Activity at Life Time Group

In related news, CEO Bahram Akradi sold 5,000,000 shares of the 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 sale, the chief executive officer now owns 2,993,849 shares in the company, valued at approximately $90,204,670.37. This trade represents a 62.55 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Ritadhwaja Jebens Singh sold 48,596 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $28.00, for a total transaction of $1,360,688.00. Following the completion of the transaction, the executive vice president now directly owns 143,030 shares in the company, valued at $4,004,840. The trade was a 25.36 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,082,147 shares of company stock valued at $152,891,556 over the last ninety days. Corporate insiders own 12.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Morgan Stanley increased their price objective on Life Time Group from $29.00 to $30.00 and gave the stock an “equal weight” rating in a report on Monday, February 24th. Guggenheim raised their price objective on shares of Life Time Group from $32.00 to $36.00 and gave the company a “buy” rating in a research report on Friday, February 28th. Northland Securities raised their price objective on shares of Life Time Group from $29.00 to $31.50 and gave the company an “outperform” rating in a research report on Friday, January 17th. Craig Hallum raised their price target on shares of Life Time Group from $40.00 to $45.00 and gave the company a “buy” rating in a report on Friday, February 28th. Finally, Evercore ISI assumed coverage on shares of Life Time Group in a report on Friday, November 22nd. They set an “outperform” rating and a $29.00 price target on the stock. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Life Time Group currently has a consensus rating of “Moderate Buy” and a consensus target price 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.