Life Time Group Holdings, Inc. (NYSE:LTH) CEO Bahram Akradi Sells 5,000,000 Shares

Life Time Group Holdings, Inc. (NYSE:LTH) CEO Bahram Akradi sold 5,000,000 shares of Life Time Group stock in a transaction on 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 sale, the chief executive officer now directly owns 2,993,849 shares in the company, valued at $90,204,670.37. This trade represents a 62.55 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Life Time Group Stock Performance

Shares of LTH opened at $31.43 on Tuesday. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.59 and a quick ratio of 0.46. Life Time Group Holdings, Inc. has a 12-month low of $12.34 and a 12-month high of $33.64. The business’s fifty day moving average price is $27.88 and its 200 day moving average price is $25.43. The stock has a market capitalization of $6.51 billion, a PE ratio of 45.55, a price-to-earnings-growth ratio of 0.81 and a beta of 1.94.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Farther Finance Advisors LLC raised its stake in Life Time Group by 105.8% during the third quarter. Farther Finance Advisors LLC now owns 1,762 shares of the company’s stock worth $43,000 after acquiring an additional 906 shares during the period. Principal Financial Group Inc. grew its holdings in shares of Life Time Group by 1.3% during the third quarter. Principal Financial Group Inc. now owns 3,646,372 shares of the company’s stock valued at $89,045,000 after purchasing an additional 46,710 shares during the last quarter. Assetmark Inc. raised its position in shares of 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 purchasing an additional 941 shares during the period. Peregrine Asset Advisers Inc. lifted its holdings in shares of Life Time Group by 55.2% in the 3rd quarter. Peregrine Asset Advisers Inc. now owns 258,251 shares of the company’s stock worth $6,306,000 after purchasing an additional 91,799 shares during the last quarter. Finally, Versor Investments LP acquired a new position in Life Time Group during the 3rd quarter valued at approximately $912,000. 79.40% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

LTH has been the subject of several recent analyst reports. Craig Hallum raised their target price on Life Time Group from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Friday. Morgan Stanley raised their price objective on Life Time Group from $29.00 to $30.00 and gave the company an “equal weight” rating in a research note on Monday, February 24th. Northland Securities upped their target price on Life Time Group from $29.00 to $31.50 and gave the company an “outperform” rating in a research report on Friday, January 17th. Evercore ISI assumed coverage on shares of Life Time Group in a research report on Friday, November 22nd. They set an “outperform” rating and a $29.00 price target for the company. Finally, Mizuho upped their price target on shares of Life Time Group from $32.00 to $38.00 and gave the company an “outperform” rating in a report on Friday, January 24th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $33.59.

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.