American Century Companies Inc. Has $42.57 Million Stake in Life Time Group Holdings, Inc. (NYSE:LTH)

American Century Companies Inc. increased its stake in Life Time Group Holdings, Inc. (NYSE:LTH) by 61.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,924,461 shares of the company’s stock after purchasing an additional 735,682 shares during the period. American Century Companies Inc.’s holdings in Life Time Group were worth $42,569,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Jane Street Group LLC lifted its holdings in shares of Life Time Group by 146.8% in the third quarter. Jane Street Group LLC now owns 182,054 shares of the company’s stock valued at $4,446,000 after purchasing an additional 108,283 shares in the last quarter. Franklin Resources Inc. bought a new stake in Life Time Group in the 3rd quarter valued at approximately $593,000. Quadrature Capital Ltd acquired a new position in Life Time Group during the 3rd quarter worth approximately $697,000. JPMorgan Chase & Co. grew its stake 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 acquiring an additional 356,255 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Life Time Group by 11.3% in the third quarter. Geode Capital Management LLC now owns 1,497,842 shares of the company’s stock valued at $36,585,000 after purchasing an additional 152,504 shares during the last quarter. Institutional investors own 79.40% of the company’s stock.

Life Time Group Stock Performance

LTH opened at $31.77 on Friday. The company has a quick ratio of 0.46, a current ratio of 0.59 and a debt-to-equity ratio of 0.64. Life Time Group Holdings, Inc. has a 12-month low of $12.34 and a 12-month high of $33.64. The business has a 50 day moving average of $30.45 and a 200-day moving average of $26.22. The stock has a market cap of $6.66 billion, a price-to-earnings ratio of 46.04, a PEG ratio of 0.81 and a beta of 1.93.

Wall Street Analyst Weigh In

Several brokerages recently commented on LTH. Bank of America set a $40.00 target price on shares of Life Time Group and gave the stock a “buy” rating in a report on Monday, March 3rd. BMO Capital Markets set a $28.00 price objective on Life Time Group and gave the company a “hold” rating in a report on Friday, March 14th. Oppenheimer lifted their target price on Life Time Group from $33.00 to $43.00 and gave the company an “outperform” rating in a research report on Thursday, January 23rd. Craig Hallum increased their price target on Life Time Group from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Friday, February 28th. Finally, Evercore ISI set a $38.00 price target on Life Time Group and gave the stock a “buy” rating in a research report on Thursday, February 27th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Life Time Group currently has an average rating of “Moderate Buy” and a consensus price target of $35.62.

Insider Activity at Life Time Group

In other Life Time Group news, EVP Ritadhwaja Jebens Singh sold 48,596 shares of the stock in a transaction dated 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 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Erik Weaver sold 1,741 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $29.62, for a total transaction of $51,568.42. Following the sale, the chief financial officer now owns 96,361 shares of the company’s stock, valued at $2,854,212.82. This trade represents a 1.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,082,147 shares of company stock worth $152,891,556. Company insiders own 8.70% of the company’s stock.

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.