Life Time Group Holdings, Inc. (NYSE:LTH) Shares Bought by MetLife Investment Management LLC

MetLife Investment Management LLC raised its stake in shares of Life Time Group Holdings, Inc. (NYSE:LTH) by 6.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 36,538 shares of the company’s stock after acquiring an additional 2,216 shares during the period. MetLife Investment Management LLC’s holdings in Life Time Group were worth $808,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in LTH. Dnca Finance grew its position in Life Time Group by 11.9% in the 4th quarter. Dnca Finance now owns 3,830 shares of the company’s stock valued at $85,000 after acquiring an additional 407 shares in the last quarter. Summit Investment Advisors Inc. boosted its stake in shares of Life Time Group by 12.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 6,478 shares of the company’s stock valued at $143,000 after purchasing an additional 712 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Life Time Group by 0.4% in the fourth quarter. Bank of New York Mellon Corp now owns 219,915 shares of the company’s stock valued at $4,865,000 after purchasing an additional 788 shares in the last quarter. Moody National Bank Trust Division increased its stake in Life Time Group by 1.0% during the 4th quarter. Moody National Bank Trust Division now owns 92,101 shares of the company’s stock worth $2,037,000 after buying an additional 911 shares during the period. Finally, Rhumbline Advisers lifted its holdings in Life Time Group by 1.2% during the 4th quarter. Rhumbline Advisers now owns 91,572 shares of the company’s stock worth $2,026,000 after buying an additional 1,075 shares in the last quarter. 79.40% of the stock is owned by hedge funds and other institutional investors.

Life Time Group Price Performance

Shares of LTH opened at $32.37 on Friday. The firm has a fifty day moving average price of $30.45 and a 200 day moving average price of $27.34. 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 1-year low of $14.39 and a 1-year high of $33.64. The stock has a market cap of $6.92 billion, a PE ratio of 46.91, a price-to-earnings-growth ratio of 0.81 and a beta of 1.87.

Insider Buying and Selling

In other Life Time Group news, CEO Bahram Akradi sold 5,000,000 shares of the firm’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $30.13, for a total transaction of $150,650,000.00. Following the transaction, the chief executive officer now directly owns 2,993,849 shares of the company’s stock, valued at approximately $90,204,670.37. This trade represents a 62.55 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Erik Weaver sold 1,741 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $29.62, for a total transaction of $51,568.42. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. 8.70% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on LTH shares. Bank of America set a $40.00 price objective on Life Time Group and gave the stock a “buy” rating in a research report on Monday, March 3rd. 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. Mizuho lifted their price objective on Life Time Group from $38.00 to $41.00 and gave the company an “outperform” rating in a research note on Wednesday, March 5th. Craig Hallum upped their target price on shares of 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, Wells Fargo & Company set a $28.00 price target on shares of Life Time Group and gave the stock a “hold” rating in a research note on Thursday, February 27th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $35.62.

About Life Time Group

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.