Daiwa Securities Group Inc. Has $80,000 Stock Holdings in Life Time Group Holdings, Inc. (NYSE:LTH)

Daiwa Securities Group Inc. lessened its position in Life Time Group Holdings, Inc. (NYSE:LTH) by 75.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,630 shares of the company’s stock after selling 10,930 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Life Time Group were worth $80,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Lord Abbett & CO. LLC acquired a new position in shares of Life Time Group during the 3rd quarter worth approximately $31,575,000. Loomis Sayles & Co. L P increased its position in shares of Life Time Group by 33.1% during the 3rd quarter. Loomis Sayles & Co. L P now owns 3,050,253 shares of the company’s stock worth $74,487,000 after purchasing an additional 758,757 shares during the last quarter. Point72 Asset Management L.P. increased its position in shares of Life Time Group by 135.9% during the 3rd quarter. Point72 Asset Management L.P. now owns 890,657 shares of the company’s stock worth $21,750,000 after purchasing an additional 513,033 shares during the last quarter. Braun Stacey Associates Inc. increased its position in shares of Life Time Group by 113.7% during the 3rd quarter. Braun Stacey Associates Inc. now owns 849,792 shares of the company’s stock worth $20,752,000 after purchasing an additional 452,197 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Life Time Group by 11.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,569,214 shares of the company’s stock worth $87,160,000 after purchasing an additional 356,255 shares during the last quarter. Institutional investors and hedge funds own 79.40% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on LTH shares. Morgan Stanley lifted their target price 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. Oppenheimer lifted their target price on Life Time Group from $33.00 to $43.00 and gave the stock an “outperform” rating in a research note on Thursday, January 23rd. Wells Fargo & Company lifted their target price on Life Time Group from $26.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Friday, January 17th. Craig Hallum lifted their target price on Life Time Group from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. Finally, Guggenheim lifted their target price on Life Time Group from $32.00 to $36.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $33.86.

Life Time Group Stock Performance

LTH opened at $30.35 on Tuesday. The business has a fifty day simple moving average of $29.31 and a 200 day simple moving average of $25.82. The company has a market capitalization of $6.36 billion, a PE ratio of 43.99, a price-to-earnings-growth ratio of 0.81 and a beta of 1.93. 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 debt-to-equity ratio of 0.64, a current ratio of 0.59 and a quick ratio of 0.46.

Insider Activity at Life Time Group

In other Life Time Group news, CFO Erik Weaver sold 1,741 shares of Life Time Group stock in a transaction 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 of the company’s stock, valued at $2,854,212.82. The trade was a 1.77 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ritadhwaja Jebens Singh sold 48,596 shares of Life Time Group 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 transaction, 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 in the last ninety days. 12.50% of the stock is owned by company insiders.

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.