Summit Global Investments Acquires New Holdings in Life Time Group Holdings, Inc. (NYSE:LTH)

Summit Global Investments bought a new position in Life Time Group Holdings, Inc. (NYSE:LTH) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 21,681 shares of the company’s stock, valued at approximately $480,000.

Several other hedge funds also recently modified their holdings of LTH. Jane Street Group LLC increased its position in Life Time Group by 146.8% during the third quarter. Jane Street Group LLC now owns 182,054 shares of the company’s stock worth $4,446,000 after buying an additional 108,283 shares during the last quarter. Franklin Resources Inc. bought a new stake in shares of Life Time Group during the 3rd quarter worth about $593,000. Quadrature Capital Ltd acquired a new position in shares of Life Time Group during the 3rd quarter valued at about $697,000. JPMorgan Chase & Co. raised its stake in shares of Life Time Group by 11.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,569,214 shares of the company’s stock valued at $87,160,000 after acquiring an additional 356,255 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Life Time Group by 11.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,497,842 shares of the company’s stock worth $36,585,000 after purchasing an additional 152,504 shares during the last quarter. Institutional investors and hedge funds own 79.40% of the company’s stock.

Analysts Set New Price Targets

LTH has been the topic of several analyst reports. Oppenheimer increased their price target on Life Time Group from $33.00 to $43.00 and gave the company an “outperform” rating in a report on Thursday, January 23rd. Morgan Stanley lifted their target price on shares of Life Time Group from $29.00 to $30.00 and gave the stock an “equal weight” rating in a report on Monday, February 24th. The Goldman Sachs Group upped 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. Northland Securities lifted their price objective on Life Time Group from $29.00 to $31.50 and gave the stock an “outperform” rating in a research note on Friday, January 17th. Finally, Mizuho increased their target price 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 equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $33.86.

Insider Buying and Selling

In other news, CFO Erik Weaver sold 1,741 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $29.62, for a total value of $51,568.42. Following the completion of the transaction, the chief financial officer now directly owns 96,361 shares of the company’s stock, valued at approximately $2,854,212.82. This represents a 1.77 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Ritadhwaja Jebens Singh sold 25,000 shares of the business’s stock in a transaction 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 completion of the sale, the executive vice president now directly owns 191,626 shares in the company, valued at approximately $4,790,650. This represents a 11.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,082,147 shares of company stock valued at $152,891,556 over the last ninety days. 12.50% of the stock is owned by company insiders.

Life Time Group Price Performance

Shares of NYSE:LTH opened at $32.50 on Tuesday. The firm has a market capitalization of $6.81 billion, a PE ratio of 47.09, a PEG ratio of 0.81 and a beta of 1.93. The company has a current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 0.64. Life Time Group Holdings, Inc. has a 1-year low of $12.34 and a 1-year high of $33.64. The business’s 50 day moving average is $30.06 and its 200-day moving average is $26.08.

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.