In a filing, Life Time Group Holdings Inc revealed its Officer Javaheri Parham acquired Company’s shares for reported $4.12 million on Nov 22 ’24. In the deal valued at $24.50 per share,168,000 shares were bought.
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Then, TPG GP A, LLC sold 2,678,525 shares, generating $64,766,734 in total proceeds. Upon selling the shares at $24.18, the 10% Owner now owns 36,816,205 shares.
Before that, Partners Group Private Equity sold 402,127 shares. Life Time Group Holdings Inc shares valued at $9,723,431 were divested by the Member of 10% Owner Group at a price of $24.18 per share. As a result of the transaction, Partners Group Private Equity now holds 5,527,221 shares, worth roughly $135.69 million.
Evercore ISI initiated its Life Time Group Holdings Inc [LTH] rating to an Outperform in a research note published on November 22, 2024; the price target was $29. A number of analysts have revised their coverage, including Craig Hallum’s analysts, who began to cover the stock in mid July with a ‘”a Buy”‘ rating. Northland Capital began covering LTH with “an Outperform” recommendation on April 23, 2024. Wells Fargo revised its rating on October 04, 2023. It rated LTH as “an Equal weight” which previously was an “an Underweight”.
Price Performance Review of LTH
On Friday, Life Time Group Holdings Inc [NYSE:LTH] saw its stock jump 0.70% to $24.55. Over the last five days, the stock has gained 3.54%. Life Time Group Holdings Inc shares have risen nearly 62.80% since the year began. Nevertheless, the stocks have risen 60.25% over the past one year. While a 52-week high of $27.11 was reached on 10/15/24, a 52-week low of $11.89 was recorded on 02/26/24. SMA at 50 days reached $24.43, while 200 days put it at $19.27.
Levels Of Support And Resistance For LTH Stock
The 24-hour chart illustrates a support level at 24.38, which if violated will result in even more drops to 24.21. On the upside, there is a resistance level at 24.76. A further resistance level may holdings at 24.97. The Relative Strength Index (RSI) on the 14-day chart is 53.88, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 33.76%. Stochastics %K at 61.65% 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 2024-10-31, dropping by -2.11 million shares to a total of 4.98 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 7.08 million shares. There was a decline of -42.32%, which implies that there is a negative sentiment for the stock.
