Life Time Group Holdings, Inc. (NYSE:LTH) Short Interest Up 25.5% in March

Life Time Group Holdings, Inc. (NYSE:LTH) was the recipient of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 7,180,000 shares, a growth of 25.5% from the February 28th total of 5,720,000 shares. Based on an average daily trading volume, of 2,210,000 shares, the short-interest ratio is currently 3.2 days. Approximately 7.4% of the company’s stock are short sold.

Life Time Group Stock Up 3.7 %

Shares of LTH stock opened at $31.34 on Thursday. Life Time Group has a one year low of $12.34 and a one year high of $33.64. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.59 and a quick ratio of 0.46. The stock has a fifty day moving average price of $30.65 and a 200 day moving average price of $26.42. The stock has a market cap of $6.70 billion, a P/E ratio of 45.42, a price-to-earnings-growth ratio of 0.81 and a beta of 1.93.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. The Goldman Sachs Group boosted their price objective on shares of Life Time Group from $22.00 to $32.00 and gave the stock a “neutral” rating in a research note on Monday, March 3rd. Wells Fargo & Company set a $28.00 target price on shares of Life Time Group and gave the stock a “hold” rating in a research report on Thursday, February 27th. Morgan Stanley raised their price target on Life Time Group from $29.00 to $30.00 and gave the company an “equal weight” rating in a research report on Monday, February 24th. Northland Securities set a $39.00 price objective on Life Time Group and gave the stock a “buy” rating in a research report on Thursday, February 27th. Finally, Evercore ISI set a $38.00 target price on Life Time Group and gave the company a “buy” rating in a report on Thursday, February 27th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Life Time Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.62.

Insider Buying and Selling

In other Life Time Group news, EVP Ritadhwaja Jebens Singh sold 48,596 shares of the stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $28.00, for a total transaction of $1,360,688.00. Following the transaction, the executive vice president now directly owns 143,030 shares of the company’s stock, valued at $4,004,840. This represents a 25.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Bahram Akradi sold 5,000,000 shares of the business’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 completion of the sale, the chief executive officer now directly owns 2,993,849 shares of the company’s stock, valued at $90,204,670.37. This represents a 62.55 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,082,147 shares of company stock worth $152,891,556. Insiders own 8.70% of the company’s stock.

Hedge Funds Weigh In On Life Time Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. California State Teachers Retirement System raised its position in Life Time Group by 17.7% in the fourth quarter. California State Teachers Retirement System now owns 66,385 shares of the company’s stock worth $1,468,000 after purchasing an additional 9,964 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Life Time Group in the 4th quarter worth approximately $5,619,000. PharVision Advisers LLC bought a new position in shares of Life Time Group during the 4th quarter worth approximately $209,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Life Time Group by 34.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 134,939 shares of the company’s stock valued at $2,985,000 after buying an additional 34,727 shares in the last quarter. Finally, Squarepoint Ops LLC grew its position in Life Time Group by 413.3% in the fourth quarter. Squarepoint Ops LLC now owns 210,391 shares of the company’s stock valued at $4,654,000 after acquiring an additional 169,402 shares during the period. 79.40% of the stock is owned by institutional investors.

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.