Envestnet Asset Management Inc. Buys 67,355 Shares of Life Time Group Holdings, Inc. $LTH

Envestnet Asset Management Inc. lifted its position in Life Time Group Holdings, Inc. (NYSE:LTH) by 12.9% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 591,281 shares of the company’s stock after buying an additional 67,355 shares during the period. Envestnet Asset Management Inc.’s holdings in Life Time Group were worth $16,319,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the stock. EverSource Wealth Advisors LLC lifted its position in shares of Life Time Group by 201.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,499 shares of the company’s stock valued at $45,000 after buying an additional 1,002 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Life Time Group by 98.9% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,506 shares of the company’s stock valued at $46,000 after purchasing an additional 749 shares during the last quarter. IFP Advisors Inc boosted its position in shares of Life Time Group by 10,150.0% in the 2nd quarter. IFP Advisors Inc now owns 1,640 shares of the company’s stock worth $51,000 after purchasing an additional 1,624 shares in the last quarter. Steward Partners Investment Advisory LLC increased its position in Life Time Group by 2,741.7% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,705 shares of the company’s stock valued at $52,000 after buying an additional 1,645 shares in the last quarter. Finally, Asset Management One Co. Ltd. purchased a new stake in Life Time Group in the third quarter valued at approximately $69,000. 79.40% of the stock is owned by institutional investors.

Life Time Group Stock Down 0.7%

Shares of LTH opened at $29.09 on Monday. The company’s 50-day simple moving average is $27.67 and its 200-day simple moving average is $27.22. The stock has a market capitalization of $6.41 billion, a PE ratio of 22.55, a P/E/G ratio of 0.76 and a beta of 1.68. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.67. Life Time Group Holdings, Inc. has a 1 year low of $24.14 and a 1 year high of $34.99.

Insider Buying and Selling

In other news, CFO Erik Weaver sold 1,493 shares of Life Time Group stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $29.90, for a total transaction of $44,640.70. Following the completion of the transaction, the chief financial officer owned 77,771 shares of the company’s stock, valued at $2,325,352.90. The trade was a 1.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Eric J. Buss sold 162,722 shares of the stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $28.04, for a total value of $4,562,724.88. Following the transaction, the executive vice president directly owned 380,683 shares in the company, valued at approximately $10,674,351.32. This represents a 29.94% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 256,670 shares of company stock valued at $7,234,567. 8.70% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on LTH. Northland Securities set a $42.00 price objective on Life Time Group in a report on Friday, January 23rd. Guggenheim reaffirmed a “buy” rating and set a $36.00 price objective on shares of Life Time Group in a report on Friday, January 23rd. Weiss Ratings reissued a “hold (c+)” rating on shares of Life Time Group in a research note on Thursday, January 22nd. Zacks Research lowered Life Time Group from a “hold” rating to a “strong sell” rating in a research note on Monday, January 26th. Finally, Morgan Stanley lowered their target price on shares of Life Time Group from $39.00 to $37.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 12th. Nine equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $36.77.

Life Time Group Profile

Life Time Group (NYSE: LTH) is a premier operator of health, fitness and lifestyle centers across North America. The company’s core business encompasses the development, ownership and management of premium athletic resorts that integrate state-of-the-art fitness facilities, group exercise studios, indoor and outdoor pools, running tracks, and spa and salon services. In addition to its brick-and-mortar clubs, Life Time offers a digital platform featuring on-demand and live-streamed workouts, personalized training programs and nutrition guidance, enabling members to pursue their wellness goals both at home and on the go.

Founded in 1992 and headquartered in Chanhassen, Minnesota, Life Time has grown from a single Minnesota health club into a network of more than 160 locations across the United States and Canada.