Entropy Technologies LP increased its position in shares of Life Time Group Holdings, Inc. (NYSE:LTH – Free Report) by 182.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 67,103 shares of the company’s stock after purchasing an additional 43,306 shares during the period. Entropy Technologies LP’s holdings in Life Time Group were worth $1,784,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in LTH. Royal Bank of Canada boosted its stake in shares of Life Time Group by 140.4% in the first quarter. Royal Bank of Canada now owns 54,380 shares of the company’s stock valued at $1,642,000 after buying an additional 31,762 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Life Time Group by 25.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 70,855 shares of the company’s stock valued at $2,140,000 after acquiring an additional 14,267 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Life Time Group by 143.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,422,304 shares of the company’s stock worth $73,154,000 after purchasing an additional 1,428,446 shares in the last quarter. Caxton Associates LLP acquired a new position in shares of Life Time Group during the 1st quarter worth $221,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Life Time Group by 47.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 199,287 shares of the company’s stock valued at $6,018,000 after purchasing an additional 64,348 shares in the last quarter. Institutional investors and hedge funds own 79.40% of the company’s stock.
Life Time Group Trading Down 0.5%
Shares of LTH stock opened at $34.14 on Tuesday. Life Time Group Holdings, Inc. has a fifty-two week low of $24.14 and a fifty-two week high of $35.33. The stock has a market cap of $7.60 billion, a P/E ratio of 19.97, a P/E/G ratio of 1.42 and a beta of 1.55. The business has a fifty day simple moving average of $30.73 and a 200-day simple moving average of $28.53. The company has a quick ratio of 0.42, a current ratio of 0.53 and a debt-to-equity ratio of 0.46.
Analysts Set New Price Targets
LTH has been the topic of several recent analyst reports. UBS Group restated a “buy” rating and set a $43.00 target price on shares of Life Time Group in a research report on Thursday, March 12th. Royal Bank Of Canada boosted their price target on Life Time Group from $38.00 to $43.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 2nd. Zacks Research downgraded Life Time Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Wells Fargo & Company lifted their price objective on Life Time Group from $37.00 to $38.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $37.00 target price on shares of Life Time Group in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Life Time Group presently has an average rating of “Moderate Buy” and an average target price of $40.80.
Get Our Latest Stock Analysis on LTH
Insider Activity
In related news, major shareholder Partners Group Private Equity sold 747,178 shares of the stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $31.46, for a total transaction of $23,506,219.88. Following the sale, the insider owned 2,431,203 shares of the company’s stock, valued at $76,485,646.38. This trade represents a 23.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John G. Danhakl sold 4,991,749 shares of the stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $31.46, for a total value of $157,040,423.54. Following the sale, the director directly owned 16,242,383 shares in the company, valued at approximately $510,985,369.18. The trade was a 23.51% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 27,876,110 shares of company stock worth $854,609,979 over the last 90 days. 13.30% of the stock is currently owned by corporate insiders.
About Life Time Group
Life Time Group (NYSE: LTH) is a premier operator of health, fitness and lifestyle centers across North America. The company’s core business encompasses the development, ownership and management of premium athletic resorts that integrate state-of-the-art fitness facilities, group exercise studios, indoor and outdoor pools, running tracks, and spa and salon services. In addition to its brick-and-mortar clubs, Life Time offers a digital platform featuring on-demand and live-streamed workouts, personalized training programs and nutrition guidance, enabling members to pursue their wellness goals both at home and on the go.
Founded in 1992 and headquartered in Chanhassen, Minnesota, Life Time has grown from a single Minnesota health club into a network of more than 160 locations across the United States and Canada.
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