14,964 Shares in Life Time Group Holdings, Inc. (NYSE:LTH) Bought by Burns Matteson Capital Management LLC

Burns Matteson Capital Management LLC purchased a new stake in Life Time Group Holdings, Inc. (NYSE:LTH) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 14,964 shares of the company’s stock, valued at approximately $331,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LTH. R Squared Ltd acquired a new stake in shares of Life Time Group in the fourth quarter valued at about $42,000. Farther Finance Advisors LLC increased its position in shares of 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 purchasing an additional 906 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Life Time Group during the 3rd quarter worth approximately $60,000. Blue Trust Inc. raised its stake in shares of Life Time Group by 345.5% during the 3rd quarter. Blue Trust Inc. now owns 2,940 shares of the company’s stock worth $72,000 after purchasing an additional 2,280 shares in the last quarter. Finally, FMR LLC boosted its holdings in shares of Life Time Group by 268.2% in the 3rd quarter. FMR LLC now owns 5,011 shares of the company’s stock valued at $122,000 after buying an additional 3,650 shares during the last quarter. 79.40% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Guggenheim reaffirmed a “buy” rating and set a $32.00 price target (up from $29.00) on shares of Life Time Group in a research report on Friday, January 17th. Oppenheimer upped their target price on shares of Life Time Group from $33.00 to $43.00 and gave the company an “outperform” rating in a report on Thursday, January 23rd. Wells Fargo & Company raised their target price on shares of Life Time Group from $26.00 to $28.00 and gave the company an “equal weight” rating in a research note on Friday, January 17th. Craig Hallum upped their price objective on Life Time Group from $33.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Finally, Northland Securities lifted their target price 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. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Life Time Group has a consensus rating of “Moderate Buy” and a consensus target price of $31.77.

Life Time Group Stock Performance

Shares of NYSE LTH opened at $31.51 on Monday. Life Time Group Holdings, Inc. has a one year low of $11.89 and a one year high of $31.61. 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 firm has a market cap of $6.52 billion, a price-to-earnings ratio of 45.66, a P/E/G ratio of 0.76 and a beta of 1.94. The stock’s fifty day moving average price is $25.18 and its two-hundred day moving average price is $24.32.

Insider Activity at Life Time Group

In related 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 transaction of $51,568.42. Following the sale, the chief financial officer now 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 filing with the SEC, which is available through the SEC website. Also, EVP Parham Javaheri sold 168,000 shares of Life Time Group stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $24.57, for a total value of $4,127,760.00. Following the completion of the transaction, the executive vice president now directly owns 243,938 shares of the company’s stock, valued at $5,993,556.66. This represents a 40.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 250,147 shares of company stock worth $6,369,316. Corporate insiders own 12.50% of the company’s stock.

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.