Bank of New York Mellon Corp Has $4.87 Million Stake in Life Time Group Holdings, Inc. (NYSE:LTH)

Bank of New York Mellon Corp grew its position in shares of Life Time Group Holdings, Inc. (NYSE:LTH) by 0.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 219,915 shares of the company’s stock after buying an additional 788 shares during the quarter. Bank of New York Mellon Corp’s holdings in Life Time Group were worth $4,865,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in LTH. Olympiad Research LP acquired a new stake in Life Time Group in the 4th quarter worth approximately $556,000. Peregrine Asset Advisers Inc. lifted its holdings in Life Time Group by 15.8% in the 4th quarter. Peregrine Asset Advisers Inc. now owns 298,929 shares of the company’s stock worth $6,612,000 after purchasing an additional 40,678 shares during the last quarter. Handelsbanken Fonder AB lifted its holdings in Life Time Group by 6.4% in the 4th quarter. Handelsbanken Fonder AB now owns 18,400 shares of the company’s stock worth $407,000 after purchasing an additional 1,100 shares during the last quarter. New York State Common Retirement Fund lifted its holdings in Life Time Group by 20.2% in the 4th quarter. New York State Common Retirement Fund now owns 436,022 shares of the company’s stock worth $9,645,000 after purchasing an additional 73,371 shares during the last quarter. Finally, Braun Stacey Associates Inc. lifted its holdings in Life Time Group by 2.0% in the 4th quarter. Braun Stacey Associates Inc. now owns 867,132 shares of the company’s stock worth $19,181,000 after purchasing an additional 17,340 shares during the last quarter. 79.40% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Life Time Group news, CEO Bahram Akradi sold 5,000,000 shares of the company’s stock in a transaction on 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 sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Ritadhwaja Jebens Singh sold 48,596 shares of the company’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $28.00, for a total value of $1,360,688.00. Following the completion of the sale, the executive vice president now owns 143,030 shares in the company, valued at $4,004,840. This trade represents a 25.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,082,147 shares of company stock worth $152,891,556. Company insiders own 12.50% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Evercore ISI assumed coverage on Life Time Group in a report on Friday, November 22nd. They issued an “outperform” rating and a $29.00 target price for the company. Wells Fargo & Company boosted their target price on Life Time Group from $26.00 to $28.00 and gave the stock an “equal weight” rating in a report on Friday, January 17th. Morgan Stanley upped their price target on Life Time Group from $29.00 to $30.00 and gave the stock an “equal weight” rating in a report on Monday, February 24th. Oppenheimer upped their price target on Life Time Group from $33.00 to $43.00 and gave the stock an “outperform” rating in a report on Thursday, January 23rd. Finally, The Goldman Sachs Group upped their price target on Life Time Group from $22.00 to $32.00 and gave the stock a “neutral” rating in a report on Monday, March 3rd. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.86.

Life Time Group Stock Performance

LTH opened at $30.35 on Tuesday. The stock has a market cap of $6.36 billion, a PE ratio of 43.99, a P/E/G ratio of 0.81 and a beta of 1.93. 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 1 year low of $12.34 and a 1 year high of $33.64. The stock’s 50 day simple moving average is $29.31 and its 200-day simple moving average is $25.82.

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.