125,037 Shares in Life Time Group Holdings, Inc. (NYSE:LTH) Bought by Edgestream Partners L.P.

Edgestream Partners L.P. acquired a new position in shares of Life Time Group Holdings, Inc. (NYSE:LTH) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 125,037 shares of the company’s stock, valued at approximately $2,766,000. Edgestream Partners L.P. owned about 0.06% of Life Time Group at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in LTH. Farther Finance Advisors LLC grew its stake in Life Time Group by 105.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,762 shares of the company’s stock worth $43,000 after buying an additional 906 shares during the last quarter. Assetmark Inc. grew its stake in Life Time Group by 8.5% during the 3rd quarter. Assetmark Inc. now owns 12,022 shares of the company’s stock worth $294,000 after buying an additional 941 shares during the last quarter. Peregrine Asset Advisers Inc. grew its stake in Life Time Group by 55.2% during the 3rd quarter. Peregrine Asset Advisers Inc. now owns 258,251 shares of the company’s stock worth $6,306,000 after buying an additional 91,799 shares during the last quarter. Versor Investments LP bought a new position in Life Time Group during the 3rd quarter worth $912,000. Finally, GSA Capital Partners LLP grew its stake in Life Time Group by 2.2% during the 3rd quarter. GSA Capital Partners LLP now owns 93,872 shares of the company’s stock worth $2,292,000 after buying an additional 1,987 shares during the last quarter. 79.40% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CFO Erik Weaver sold 1,741 shares of the company’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $29.62, for a total transaction of $51,568.42. Following the completion of the sale, the chief financial officer now directly owns 96,361 shares of the company’s stock, valued at $2,854,212.82. This represents a 1.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Ritadhwaja Jebens Singh sold 6,810 shares of the company’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $30.00, for a total value of $204,300.00. Following the sale, the executive vice president now directly owns 136,220 shares of the company’s stock, valued at approximately $4,086,600. This represents a 4.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,082,147 shares of company stock worth $152,891,556 over the last 90 days. 12.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on LTH. Oppenheimer increased their price target on Life Time Group from $33.00 to $43.00 and gave the stock an “outperform” rating in a research note on Thursday, January 23rd. Wells Fargo & Company increased 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. Morgan Stanley increased their price target on Life Time Group from $29.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Monday, February 24th. The Goldman Sachs Group increased their price target on Life Time Group from $22.00 to $32.00 and gave the stock a “neutral” rating in a research note on Monday, March 3rd. Finally, Evercore ISI began coverage on Life Time Group in a research note on Friday, November 22nd. They issued an “outperform” rating and a $29.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $33.86.

Life Time Group Trading Down 3.3 %

Shares of Life Time Group stock opened at $29.13 on Monday. The company has a quick ratio of 0.46, a current ratio of 0.59 and a debt-to-equity ratio of 0.64. The firm has a market cap of $6.10 billion, a price-to-earnings ratio of 42.21, a price-to-earnings-growth ratio of 0.81 and a beta of 1.93. The business has a fifty day simple moving average of $28.57 and a 200-day simple moving average of $25.63. Life Time Group Holdings, Inc. has a fifty-two week low of $12.34 and a fifty-two week high of $33.64.

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.