Avantax Advisory Services Inc. Sells 2,459 Shares of Life Time Group Holdings, Inc. (NYSE:LTH)

Avantax Advisory Services Inc. reduced its position in Life Time Group Holdings, Inc. (NYSE:LTH) by 18.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 10,865 shares of the company’s stock after selling 2,459 shares during the period. Avantax Advisory Services Inc.’s holdings in Life Time Group were worth $240,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Natixis Advisors LLC purchased a new stake in Life Time Group during the third quarter worth $839,000. Intech Investment Management LLC purchased a new stake in shares of Life Time Group during the 3rd quarter worth $357,000. Charles Schwab Investment Management Inc. boosted its position in Life Time Group by 20.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 586,841 shares of the company’s stock valued at $14,331,000 after purchasing an additional 100,022 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in Life Time Group by 15.9% in the third quarter. The Manufacturers Life Insurance Company now owns 43,298 shares of the company’s stock valued at $1,057,000 after purchasing an additional 5,928 shares during the last quarter. Finally, Quantbot Technologies LP bought a new position in Life Time Group in the third quarter worth about $3,949,000. 79.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on LTH. The Goldman Sachs Group raised their price target 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. Oppenheimer lifted their price target on shares of Life Time Group from $33.00 to $43.00 and gave the stock an “outperform” rating in a report on Thursday, January 23rd. Wells Fargo & Company increased their price objective on Life Time Group from $26.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday, January 17th. 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 note on Friday, February 28th. Finally, Mizuho increased their price target on Life Time Group from $38.00 to $41.00 and gave the company an “outperform” rating in a research note on Wednesday, March 5th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Life Time Group currently has an average rating of “Moderate Buy” and an average target price of $33.86.

Insider Buying and Selling

In other news, CEO Bahram Akradi sold 5,000,000 shares of the company’s stock in a transaction dated 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 $90,204,670.37. This represents a 62.55 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Ritadhwaja Jebens Singh sold 25,000 shares of Life Time Group stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $25.00, for a total value of $625,000.00. Following the transaction, the executive vice president now owns 191,626 shares of the company’s stock, valued at approximately $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 quarter, insiders have sold 5,082,147 shares of company stock worth $152,891,556. 8.70% of the stock is owned by company insiders.

Life Time Group Stock Down 2.4 %

Shares of LTH stock opened at $31.78 on Thursday. Life Time Group Holdings, Inc. has a fifty-two week low of $12.34 and a fifty-two week high of $33.64. The firm has a market capitalization of $6.66 billion, a PE ratio of 46.06, a P/E/G ratio of 0.81 and a beta of 1.93. 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 stock’s 50-day simple moving average is $30.35 and its 200-day simple moving average is $26.18.

Life Time Group 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.