Connor Clark & Lunn Investment Management Ltd. Buys Shares of 54,680 Life Time Group Holdings, Inc. (NYSE:LTH)

Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Life Time Group Holdings, Inc. (NYSE:LTH) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 54,680 shares of the company’s stock, valued at approximately $1,210,000.

Several other hedge funds have also made changes to their positions in LTH. Royce & Associates LP acquired a new stake in Life Time Group during the 3rd quarter worth approximately $2,002,000. Natixis Advisors LLC acquired a new stake in shares of Life Time Group in the third quarter valued at $839,000. Jennison Associates LLC purchased a new position in Life Time Group in the third quarter valued at $986,000. Intech Investment Management LLC acquired a new position in Life Time Group during the 3rd quarter worth $357,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in Life Time Group by 20.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 586,841 shares of the company’s stock worth $14,331,000 after purchasing an additional 100,022 shares during the period. Institutional investors and hedge funds own 79.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Morgan Stanley boosted their price objective on Life Time Group from $29.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Monday, February 24th. Northland Securities increased their price objective 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. Craig Hallum lifted their price objective on shares of Life Time Group from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. Guggenheim increased their target price on Life Time Group from $32.00 to $36.00 and gave the company a “buy” rating in a report on Friday, February 28th. Finally, The Goldman Sachs Group lifted their price target on Life Time Group from $22.00 to $32.00 and gave the stock a “neutral” rating in a report on Monday, March 3rd. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, Life Time Group has a consensus rating of “Moderate Buy” and a consensus target price of $33.86.

Life Time Group Price Performance

Shares of NYSE LTH opened at $30.90 on Thursday. The company has a current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 0.64. The stock has a market cap of $6.48 billion, a P/E ratio of 44.79, a P/E/G ratio of 0.81 and a beta of 1.93. The stock has a 50 day moving average of $29.60 and a two-hundred day moving average of $25.90. Life Time Group Holdings, Inc. has a twelve month low of $12.34 and a twelve month high of $33.64.

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 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 transaction, the chief financial officer now directly owns 96,361 shares in the company, valued at approximately $2,854,212.82. This trade represents a 1.77 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Ritadhwaja Jebens Singh sold 48,596 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $28.00, for a total value of $1,360,688.00. Following the sale, the executive vice president now owns 143,030 shares of the company’s stock, valued at $4,004,840. This trade represents a 25.36 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,082,147 shares of company stock worth $152,891,556 in the last 90 days. 12.50% of the stock is owned by insiders.

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.