Level Four Advisory Services LLC Acquires New Shares in Life Time Group Holdings, Inc. (NYSE:LTH)

Level Four Advisory Services LLC bought a new position in Life Time Group Holdings, Inc. (NYSE:LTH) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 16,601 shares of the company’s stock, valued at approximately $367,000.

Other large investors have also recently bought and sold shares of the company. R Squared Ltd acquired a new position in shares of Life Time Group in the fourth quarter valued at approximately $42,000. Point72 Hong Kong Ltd acquired a new position in Life Time Group in the 3rd quarter valued at approximately $60,000. SBI Securities Co. Ltd. acquired a new position in shares of Life Time Group during the fourth quarter worth $88,000. Principal Securities Inc. bought a new stake in shares of Life Time Group in the fourth quarter worth $98,000. Finally, Smartleaf Asset Management LLC acquired a new stake in Life Time Group in the fourth quarter valued at $115,000. 79.40% of the stock is currently owned by institutional investors.

Insider Activity

In other Life Time Group news, CEO Bahram Akradi sold 5,000,000 shares of Life Time Group stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $30.13, for a total transaction of $150,650,000.00. Following the completion of the transaction, the chief executive officer now owns 2,993,849 shares in the company, valued at approximately $90,204,670.37. The trade was a 62.55 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Ritadhwaja Jebens Singh sold 48,596 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $28.00, for a total value of $1,360,688.00. Following the sale, 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 disclosure for this sale can be found here. Insiders sold 5,082,147 shares of company stock worth $152,891,556 over the last three months. 8.70% of the stock is currently owned by insiders.

Life Time Group Stock Performance

NYSE LTH opened at $30.23 on Tuesday. The company has a market cap of $6.46 billion, a P/E ratio of 43.80, a PEG ratio of 0.81 and a beta of 1.93. The company has a fifty day simple moving average of $30.56 and a 200 day simple moving average of $26.34. 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 12-month low of $12.34 and a 12-month high of $33.64.

Wall Street Analyst Weigh In

LTH has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft set a $36.00 price target on Life Time Group and gave the company a “buy” rating in a research note on Monday, March 3rd. Mizuho upped their price objective on shares of Life Time Group from $38.00 to $41.00 and gave the company an “outperform” rating in a research note on Wednesday, March 5th. Craig Hallum increased their price objective on shares of Life Time Group from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. Evercore ISI set a $38.00 price target on shares of Life Time Group and gave the company a “buy” rating in a research report on Thursday, February 27th. Finally, Wells Fargo & Company set a $28.00 price objective on Life Time Group and gave the company a “hold” rating in a research note on Thursday, February 27th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $35.62.

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.