Principal Financial Group Inc. Has $61.55 Million Position in Life Time Group Holdings, Inc. (NYSE:LTH)

Principal Financial Group Inc. trimmed its stake in Life Time Group Holdings, Inc. (NYSE:LTH) by 23.7% in the fourth quarter, HoldingsChannel reports. The firm owned 2,782,317 shares of the company’s stock after selling 864,055 shares during the period. Principal Financial Group Inc.’s holdings in Life Time Group were worth $61,547,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Blue Trust Inc. grew its stake in shares of Life Time Group by 345.5% in the 3rd quarter. Blue Trust Inc. now owns 2,940 shares of the company’s stock valued at $72,000 after buying an additional 2,280 shares during the period. Farther Finance Advisors LLC boosted its holdings in Life Time Group by 105.8% in the third quarter. Farther Finance Advisors LLC now owns 1,762 shares of the company’s stock worth $43,000 after acquiring an additional 906 shares in the last quarter. Assetmark Inc. grew its stake in Life Time Group by 8.5% in the third quarter. Assetmark Inc. now owns 12,022 shares of the company’s stock valued at $294,000 after acquiring an additional 941 shares during the period. Peregrine Asset Advisers Inc. grew its stake in Life Time Group by 55.2% in the third quarter. Peregrine Asset Advisers Inc. now owns 258,251 shares of the company’s stock valued at $6,306,000 after acquiring an additional 91,799 shares during the period. Finally, Versor Investments LP bought a new stake in shares of Life Time Group during the third quarter valued at approximately $912,000. 79.40% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on LTH. Guggenheim reiterated a “buy” rating and issued a $32.00 target price (up from $29.00) on shares of Life Time Group in a report on Friday, January 17th. Evercore ISI began coverage on Life Time Group in a research report on Friday, November 22nd. They issued an “outperform” rating and a $29.00 price target for the company. Oppenheimer lifted their price objective on shares of Life Time Group from $33.00 to $43.00 and gave the stock an “outperform” rating in a report on Thursday, January 23rd. Northland Securities raised their price target on shares of Life Time Group from $29.00 to $31.50 and gave the company an “outperform” rating in a research report on Friday, January 17th. Finally, Mizuho upped their price objective on shares of Life Time Group from $32.00 to $38.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $31.77.

Insider Activity at Life Time Group

In other Life Time Group news, EVP Ritadhwaja Jebens Singh sold 6,810 shares of Life Time Group stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $30.00, for a total transaction of $204,300.00. Following the completion of the sale, the executive vice president now directly owns 136,220 shares in the company, valued at $4,086,600. The trade was a 4.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Erik Weaver sold 1,741 shares of the company’s stock in a transaction dated 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 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. In the last ninety days, insiders have sold 250,147 shares of company stock worth $6,369,316. 12.50% of the stock is owned by corporate insiders.

Life Time Group Trading Up 1.8 %

Shares of Life Time Group stock opened at $33.26 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. The stock has a market capitalization of $6.88 billion, a P/E ratio of 48.20, a P/E/G ratio of 0.80 and a beta of 1.94. Life Time Group Holdings, Inc. has a 52-week low of $11.89 and a 52-week high of $33.60. The stock’s 50-day simple moving average is $26.28 and its 200 day simple moving average is $24.89.

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.