Forum Financial Management LP Takes $319,000 Position in Life Time Group Holdings, Inc. (NYSE:LTH)

Forum Financial Management LP bought a new stake in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 10,576 shares of the company's stock, valued at approximately $319,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Victory Capital Management Inc. lifted its position in Life Time Group by 94.5% during the first quarter. Victory Capital Management Inc. now owns 129,899 shares of the company's stock valued at $3,923,000 after purchasing an additional 63,115 shares during the period. CWM LLC raised its position in shares of Life Time Group by 233.5% in the first quarter. CWM LLC now owns 9,028 shares of the company's stock worth $273,000 after acquiring an additional 6,321 shares during the period. Emerald Advisers LLC acquired a new position in shares of Life Time Group in the first quarter worth about $19,917,000. Arizona State Retirement System raised its position in shares of Life Time Group by 33.6% in the first quarter. Arizona State Retirement System now owns 27,832 shares of the company's stock worth $841,000 after acquiring an additional 7,004 shares during the period. Finally, Emerald Mutual Fund Advisers Trust acquired a new position in shares of Life Time Group in the first quarter worth about $12,123,000. 79.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Craig Hallum upgraded shares of Life Time Group to a "buy" rating and set a $45.00 price objective for the company in a research report on Friday, May 23rd. Guggenheim reiterated a "buy" rating and issued a $36.00 price objective on shares of Life Time Group in a research report on Tuesday, June 24th. Finally, Morgan Stanley upped their price objective on shares of Life Time Group from $33.00 to $34.00 and gave the stock an "equal weight" rating in a research report on Friday, May 9th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $35.92.

Life Time Group Price Performance

Shares of LTH traded down $0.05 during mid-day trading on Friday, hitting $30.34. 2,662,150 shares of the company were exchanged, compared to its average volume of 2,063,938. Life Time Group Holdings, Inc. has a 1-year low of $20.22 and a 1-year high of $34.99. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.31 and a current ratio of 0.43. The company has a 50 day moving average of $29.05 and a 200-day moving average of $29.49. The stock has a market cap of $6.66 billion, a price-to-earnings ratio of 31.60 and a beta of 1.74.

Life Time Group (NYSE:LTH - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.12. The firm had revenue of $706.04 million during the quarter, compared to the consensus estimate of $684.06 million. Life Time Group had a net margin of 7.60% and a return on equity of 8.29%. The company's revenue for the quarter was up 18.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.15 EPS. Analysts expect that Life Time Group Holdings, Inc. will post 0.74 EPS for the current fiscal year.

Insider Buying and Selling

In other Life Time Group news, EVP Ritadhwaja Jebens Singh sold 134,247 shares of the stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $28.80, for a total value of $3,866,313.60. Following the completion of the sale, the executive vice president owned 133,189 shares in the company, valued at approximately $3,835,843.20. This represents a 50.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Erik Weaver sold 18,000 shares of the stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $28.74, for a total transaction of $517,320.00. Following the completion of the sale, the chief financial officer owned 86,611 shares of the company's stock, valued at approximately $2,489,200.14. The trade was a 17.21% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,548,155 shares of company stock worth $691,624,905 in the last 90 days. Corporate insiders own 8.70% of the company's stock.

Life Time Group Company 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.