A Guide To The Risks Of Investing In Life Time Group Holdings Inc. (LTH)

CHWY Stock
CHWY Stock

Life Time Group Holdings Inc.’s filing revealed that its FOUNDER & CEO Akradi Bahram acquired Company’s shares for reported $0.17 million on Aug 17. In the deal valued at $16.55 per share,10,000 shares were bought. As a result of this transaction, Akradi Bahram now holds 11,357,541 shares worth roughly $ 195.35 million.

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Then, Akradi Bahram bought 12,669 shares, generating $213,485 in total proceeds. Upon buying the shares at $16.85, the FOUNDER & CEO now owns 11,347,541 shares.

Before that, Akradi Bahram bought 27,331 shares. Life Time Group Holdings Inc. shares valued at $461,585 were divested by the FOUNDER & CEO at a price of $16.89 per share. As a result of the transaction, Akradi Bahram now holds 11,334,872 shares, worth roughly $194.96 million.

Wells Fargo downgraded its Life Time Group Holdings Inc. [LTH] rating to an Underweight from a an Equal weight in a research note published on Friday, August 11, 2022; the price target was decreased to $13 from $15. PT values the company’s stock at a premium of -32.31 to its Friday closing price.

Price Performance Review of LTH

On Friday, Life Time Group Holdings Inc. [NYSE:LTH] saw its stock remained unchanged to $17.20. On the same session, the stock had its day’s lowest price of $17.06, but rose to a high of $17.45. Over the last five days, the stock has gained 4.75%. Life Time Group Holdings Inc. shares have risen nearly 43.81% since the year began. Nevertheless, the stocks have risen 45.15% over the past one year. While a 52-week high of $22.41 was reached on 07/12/23, a 52-week low of $8.75 was recorded on 01/04/23. SMA at 50 days reached $18.54, while 200 days put it at $17.32. A total of 0.62 million shares were traded, compared to the trading of 0.82 million shares in the previous session.

Levels Of Support And Resistance For LTH Stock

The 24-hour chart illustrates a support level at 17.02, which if violated will result in even more drops to 16.85. On the upside, there is a resistance level at 17.41. A further resistance level may holdings at 17.63. The Relative Strength Index (RSI) on the 14-day chart is 47.92, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.35, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 14.12%. Stochastics %K at 72.91% indicates the stock is a holding.

How much short interest is there in Life Time Group Holdings Inc.?

A steep rise in short interest was recorded in Life Time Group Holdings Inc. stocks on Aug 14, 2023, dropping by -0.47 million shares to a total of 8.93 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 9.4 million shares. There was a decline of -5.26%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 10.90% of the overall stock float, the days-to-cover ratio (short ratio) fell to 9.48.

Life Time Group Holdings Inc. [LTH] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 4,595,157 shares, or roughly 2.36% of the outstanding LTH shares. In other words, the investor’s shares have risen by 30,187 from its previous 13-F filing of 4564970.0. Additionally, Principal Global Investors LLC decreased -0.32% of its stake after which the total value it holdings stand at $78,732,890, while AllianceBernstein LP reduced -0.26% of its stake to hold $78.24 million in the firm. Over the last quarter, Teacher Retirement System of Texa sold -1,950,382 shares of Life Time Group Holdings Inc., while BlackRock Fund Advisors sold 126,258 shares. At present, JPMorgan Investment Management, I is holding 2,582,901 shares valued at $46.72 million. Loomis, Sayles & Co. LP owned 2,441,635 shares of the company at the time of its most recent 13F filing, worth $44.17 million.

According to FactSet, Life Time Group Holdings Inc.’s share price will average $23.20 in the next year, based on opinions of analysts polled by the firm. This is up nearly 36.63 percent from its previous closing price of $17.20. Analysts expect Life Time Group Holdings Inc. stock to reach the higher price of $33.00, while the lowest price estimate is $17.00. However, 10 analysts have rated LTH stock as an Overweight in their predictions for 2023.


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