Level Four Advisory Services LLC Makes New Investment 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) during the fourth quarter, Holdings Channel.com reports. The firm bought 16,601 shares of the company’s stock, valued at approximately $367,000.

Several other institutional investors also recently modified their holdings of the business. Norges Bank purchased a new position in Life Time Group in the fourth quarter worth $19,198,000. Loomis Sayles & Co. L P boosted its holdings in shares of Life Time Group by 12.3% in the 4th quarter. Loomis Sayles & Co. L P now owns 3,425,925 shares of the company’s stock worth $75,781,000 after buying an additional 375,672 shares during the last quarter. Prudential Financial Inc. grew its position in Life Time Group by 43.8% during the fourth quarter. Prudential Financial Inc. now owns 480,260 shares of the company’s stock valued at $10,623,000 after buying an additional 146,300 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in Life Time Group during the fourth quarter worth about $310,000. Finally, American Century Companies Inc. raised its position in Life Time Group by 61.9% in the fourth quarter. American Century Companies Inc. now owns 1,924,461 shares of the company’s stock worth $42,569,000 after acquiring an additional 735,682 shares during the period. 79.40% of the stock is owned by institutional investors.

Life Time Group Stock Performance

Life Time Group stock opened at $30.23 on Tuesday. Life Time Group Holdings, Inc. has a 1-year low of $12.34 and a 1-year high of $33.64. The company has a current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $6.46 billion, a PE ratio of 43.80, a price-to-earnings-growth ratio of 0.81 and a beta of 1.93. The firm’s 50 day simple moving average is $30.56 and its 200 day simple moving average is $26.34.

Analyst Upgrades and Downgrades

LTH has been the subject of a number of research reports. BMO Capital Markets set a $28.00 target price on shares of Life Time Group and gave the company a “hold” rating in a research report on Friday, March 14th. Guggenheim raised their target price on Life Time Group from $32.00 to $36.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. Royal Bank of Canada set a $35.00 price target on Life Time Group and gave the company a “buy” rating in a research report on Thursday, February 27th. Evercore ISI set a $38.00 price objective on Life Time Group and gave the stock a “buy” rating in a report on Thursday, February 27th. Finally, 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 report on Wednesday, March 5th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Life Time Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.62.

Insider Transactions at Life Time Group

In other Life Time Group news, CEO Bahram Akradi sold 5,000,000 shares of the company’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 transaction, the chief executive officer now directly owns 2,993,849 shares in the company, valued at $90,204,670.37. This represents a 62.55 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Erik Weaver sold 1,741 shares of Life Time Group stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $29.62, for a total value of $51,568.42. Following the sale, the chief financial officer now owns 96,361 shares of the company’s stock, valued at approximately $2,854,212.82. This trade represents a 1.77 % 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 valued at $152,891,556. 8.70% of the stock is currently owned by company insiders.

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.