Olympiad Research LP Invests $556,000 in Life Time Group Holdings, Inc. (NYSE:LTH)

Olympiad Research LP acquired a new position in Life Time Group Holdings, Inc. (NYSE:LTH) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 25,146 shares of the company’s stock, valued at approximately $556,000.

Several other institutional investors have also recently made changes to their positions in the stock. Peregrine Asset Advisers Inc. raised its stake in shares of Life Time Group by 15.8% in the fourth quarter. Peregrine Asset Advisers Inc. now owns 298,929 shares of the company’s stock worth $6,612,000 after buying an additional 40,678 shares during the period. Handelsbanken Fonder AB raised its stake in Life Time Group by 6.4% during the 4th quarter. Handelsbanken Fonder AB now owns 18,400 shares of the company’s stock valued at $407,000 after purchasing an additional 1,100 shares during the period. New York State Common Retirement Fund raised its stake in Life Time Group by 20.2% during the 4th quarter. New York State Common Retirement Fund now owns 436,022 shares of the company’s stock valued at $9,645,000 after purchasing an additional 73,371 shares during the period. Braun Stacey Associates Inc. raised its stake in Life Time Group by 2.0% during the 4th quarter. Braun Stacey Associates Inc. now owns 867,132 shares of the company’s stock valued at $19,181,000 after purchasing an additional 17,340 shares during the period. Finally, Truist Financial Corp bought a new stake in Life Time Group during the 4th quarter valued at approximately $507,000. Institutional investors own 79.40% of the company’s stock.

Insider Transactions at Life Time Group

In other news, EVP Ritadhwaja Jebens Singh sold 25,000 shares of Life Time Group stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $25.00, for a total value of $625,000.00. Following the completion of the transaction, the executive vice president now owns 191,626 shares in the company, valued at approximately $4,790,650. The trade was a 11.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Erik Weaver sold 1,741 shares of Life Time Group stock in a transaction that occurred 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 owns 96,361 shares of the company’s stock, valued at approximately $2,854,212.82. This trade represents a 1.77 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 82,147 shares of company stock worth $2,241,556. 12.50% of the stock is currently owned by company insiders.

Life Time Group Price Performance

Shares of Life Time Group stock opened at $31.60 on Friday. The stock has a market cap of $6.54 billion, a price-to-earnings ratio of 45.79, a price-to-earnings-growth ratio of 0.81 and a beta of 1.94. 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 50 day moving average price of $26.85 and a 200-day moving average price of $25.07. Life Time Group Holdings, Inc. has a one year low of $11.89 and a one year high of $33.64.

Analyst Ratings Changes

Several brokerages recently issued reports on LTH. Evercore ISI began coverage on Life Time Group in a research note on Friday, November 22nd. They set an “outperform” rating and a $29.00 target price on the stock. Mizuho lifted their target price on Life Time Group from $32.00 to $38.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. 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 note on Thursday, January 23rd. Craig Hallum lifted their target price on Life Time Group from $33.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Finally, Guggenheim reissued a “buy” rating and set a $32.00 target price (up previously from $29.00) on shares of Life Time Group in a research note on Friday, January 17th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $31.77.

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.