Calamos Advisors LLC Buys Shares of 39,105 Life Time Group Holdings, Inc. (NYSE:LTH)

Calamos Advisors LLC acquired a new position in Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 39,105 shares of the company's stock, valued at approximately $1,181,000.

A number of other hedge funds have also made changes to their positions in the business. Teacher Retirement System of Texas purchased a new position in Life Time Group in the 1st quarter worth approximately $422,000. Peregrine Capital Management LLC purchased a new position in shares of Life Time Group in the first quarter valued at $8,544,000. Amalgamated Bank grew its holdings in 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 purchasing an additional 862 shares in the last quarter. KBC Group NV purchased a new stake in Life Time Group during the 1st quarter worth $121,000. Finally, Lisanti Capital Growth LLC acquired a new position in Life Time Group in the 1st quarter worth $3,841,000. Hedge funds and other institutional investors own 79.40% of the company's stock.

Insider Buying and Selling at Life Time Group

In other Life Time Group news, EVP Parham Javaheri sold 84,744 shares of the firm's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $27.84, for a total value of $2,359,272.96. Following the transaction, the executive vice president directly owned 249,526 shares of the company's stock, valued at approximately $6,946,803.84. This trade represents a 25.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Ritadhwaja Jebens Singh sold 134,247 shares of the company's 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 of the company's stock, valued at $3,835,843.20. This represents a 50.20% 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 over the last quarter. Corporate insiders own 8.70% of the company's stock.

Analyst Ratings Changes

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

Life Time Group Stock Performance

Life Time Group stock traded down $0.04 during trading hours on Monday, hitting $29.19. The stock had a trading volume of 2,194,681 shares, compared to its average volume of 1,991,847. The company has a 50-day moving average of $29.36 and a two-hundred day moving average of $29.00. The company has a quick ratio of 0.31, a current ratio of 0.43 and a debt-to-equity ratio of 0.55. Life Time Group Holdings, Inc. has a fifty-two week low of $18.60 and a fifty-two week high of $34.99. The company has a market cap of $6.40 billion, a PE ratio of 30.41 and a beta of 1.74.

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

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.