359,485 Shares in Life Time Group Holdings, Inc. (NYSE:LTH) Bought by Osterweis Capital Management Inc.

Osterweis Capital Management Inc. bought a new position in shares of Life Time Group Holdings, Inc. (NYSE:LTH) in the fourth quarter, HoldingsChannel reports. The firm bought 359,485 shares of the company’s stock, valued at approximately $7,952,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in LTH. R Squared Ltd acquired a new position in Life Time Group during the fourth quarter worth about $42,000. Sterling Capital Management LLC grew its stake in shares of Life Time Group by 892.6% in the fourth quarter. Sterling Capital Management LLC now owns 2,025 shares of the company’s stock valued at $45,000 after buying an additional 1,821 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in Life Time Group in the 4th quarter worth $88,000. Principal Securities Inc. purchased a new position in shares of Life Time Group during the 4th quarter valued at approximately $98,000. Finally, FMR LLC increased its position 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 worth $122,000 after purchasing an additional 3,650 shares during the last quarter. Institutional investors and hedge funds own 79.40% of the company’s stock.

Life Time Group Trading Down 2.6 %

Shares of LTH stock opened at $31.23 on Thursday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.46 and a current ratio of 0.59. Life Time Group Holdings, Inc. has a fifty-two week low of $12.34 and a fifty-two week high of $33.64. The company has a market cap of $6.68 billion, a PE ratio of 45.26, a P/E/G ratio of 0.81 and a beta of 1.87. The stock’s fifty day moving average price is $30.70 and its two-hundred day moving average price is $26.82.

Insider Activity

In related news, CEO Bahram Akradi sold 5,000,000 shares of the firm’s 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 completion of the transaction, the chief executive officer now directly owns 2,993,849 shares of the company’s stock, valued at $90,204,670.37. This trade represents a 62.55 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Erik Weaver sold 1,741 shares of Life Time Group 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 in the company, valued at approximately $2,854,212.82. This represents a 1.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,057,147 shares of company stock valued at $152,266,556. 8.70% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

LTH has been the subject of a number of research reports. Evercore ISI set a $38.00 target price on Life Time Group and gave the company a “buy” rating in a research note on Thursday, February 27th. Deutsche Bank Aktiengesellschaft set a $36.00 target price on Life Time Group and gave the company a “buy” rating in a report on Monday, March 3rd. The Goldman Sachs Group increased their price objective on Life Time Group from $22.00 to $32.00 and gave the stock a “neutral” rating in a research note on Monday, March 3rd. Morgan Stanley raised their price target on Life Time Group from $29.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Monday, February 24th. Finally, Bank of America set a $40.00 price target on Life Time Group and gave the company a “buy” rating in a research report on Monday, March 3rd. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $35.62.

Life Time Group 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.