Calamos Advisors LLC Makes New Investment in Life Time Group Holdings, Inc. (NYSE:LTH)

Calamos Advisors LLC bought a new position in 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 institutional investor bought 39,105 shares of the company's stock, valued at approximately $1,181,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Teacher Retirement System of Texas acquired a new stake in shares of Life Time Group during the 1st quarter valued at $422,000. Peregrine Capital Management LLC acquired a new stake in shares of Life Time Group during the 1st quarter valued at $8,544,000. Amalgamated Bank lifted its position in shares of Life Time Group by 42.3% during the 1st quarter. Amalgamated Bank now owns 2,898 shares of the company's stock valued at $88,000 after acquiring an additional 862 shares during the last quarter. KBC Group NV acquired a new stake in shares of Life Time Group during the 1st quarter valued at $121,000. Finally, Lisanti Capital Growth LLC acquired a new stake in shares of Life Time Group during the 1st quarter valued at $3,841,000. 79.40% of the stock is currently owned by institutional investors and hedge funds.

Life Time Group Stock Performance

Shares of NYSE LTH traded up $0.03 during mid-day trading on Thursday, hitting $29.42. The company had a trading volume of 2,238,890 shares, compared to its average volume of 2,005,685. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.43 and a quick ratio of 0.31. The business's 50-day simple moving average is $29.25 and its 200-day simple moving average is $29.06. Life Time Group Holdings, Inc. has a 12 month low of $18.60 and a 12 month high of $34.99. The firm has a market cap of $6.45 billion, a P/E ratio of 30.64 and a beta of 1.74.

Life Time Group (NYSE:LTH - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.39 EPS for the quarter, topping analysts' consensus estimates of $0.27 by $0.12. The firm had revenue of $706.04 million during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter last year, the company earned $0.15 earnings per share. As a group, analysts predict that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current fiscal year.

Insider Activity

In other Life Time Group news, EVP Parham Javaheri sold 84,744 shares of Life Time Group stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $27.84, for a total value of $2,359,272.96. Following the completion of the transaction, the executive vice president owned 249,526 shares in the company, valued at approximately $6,946,803.84. The trade was a 25.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Erik Weaver sold 18,000 shares of the business's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $28.74, for a total value of $517,320.00. Following the completion of the transaction, the chief financial officer directly owned 86,611 shares in the company, valued at approximately $2,489,200.14. This represents a 17.21% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,548,155 shares of company stock valued at $691,624,905. 8.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Craig Hallum upgraded Life Time Group to a "buy" rating and set a $45.00 target price for the company in a report on Friday, May 23rd. Guggenheim restated a "buy" rating and issued a $36.00 target price on shares of Life Time Group in a report on Tuesday, June 24th. Morgan Stanley increased their target price on Life Time Group from $33.00 to $34.00 and gave the company an "equal weight" rating in a report on Friday, May 9th. Finally, BMO Capital Markets set a $28.00 target price on Life Time Group and gave the company a "hold" rating in a report on Friday, March 14th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $35.92.

Life Time Group 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.