Emerald Advisers LLC Invests $19.92 Million in Life Time Group Holdings, Inc. (NYSE:LTH)

Emerald Advisers LLC purchased a new position in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund purchased 659,519 shares of the company's stock, valued at approximately $19,917,000. Emerald Advisers LLC owned 0.31% of Life Time Group at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Bank of New York Mellon Corp grew its holdings in Life Time Group by 0.4% during the fourth quarter. Bank of New York Mellon Corp now owns 219,915 shares of the company's stock valued at $4,865,000 after purchasing an additional 788 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Life Time Group by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 602,371 shares of the company's stock worth $13,324,000 after purchasing an additional 15,530 shares in the last quarter. Victory Capital Management Inc. raised its position in Life Time Group by 155.8% during the fourth quarter. Victory Capital Management Inc. now owns 66,784 shares of the company's stock worth $1,477,000 after acquiring an additional 40,671 shares in the last quarter. Arizona State Retirement System raised its position in Life Time Group by 21.3% during the fourth quarter. Arizona State Retirement System now owns 20,828 shares of the company's stock worth $461,000 after acquiring an additional 3,651 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Life Time Group during the fourth quarter worth $307,000. Institutional investors and hedge funds own 79.40% of the company's stock.

Wall Street Analyst Weigh In

LTH has been the topic of several research reports. Guggenheim reiterated a "buy" rating and issued a $36.00 price objective on shares of Life Time Group in a report on Tuesday, June 24th. Morgan Stanley upped their price objective on shares of 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, Craig Hallum upgraded shares of Life Time Group to a "buy" rating and set a $45.00 price objective on the stock in a report on Friday, May 23rd. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $35.92.

Life Time Group Stock Performance

Shares of LTH stock traded up $0.50 on Wednesday, hitting $30.46. The company's stock had a trading volume of 2,720,021 shares, compared to its average volume of 2,039,933. The company has a market capitalization of $6.68 billion, a PE ratio of 31.73 and a beta of 1.74. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.31 and a current ratio of 0.43. Life Time Group Holdings, Inc. has a fifty-two week low of $19.86 and a fifty-two week high of $34.99. The stock's 50 day moving average is $29.07 and its 200-day moving average is $29.32.

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

Insider Transactions at Life Time Group

In other news, 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 value of $517,320.00. Following the completion of the transaction, the chief financial officer owned 86,611 shares of the company's stock, valued at approximately $2,489,200.14. This represents a 17.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John Kristofer Galashan sold 11,655,582 shares of the stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $29.38, for a total transaction of $342,440,999.16. Following the completion of the transaction, the director directly owned 29,898,037 shares of the company's stock, valued at $878,404,327.06. This trade represents a 28.05% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 23,548,155 shares of company stock worth $691,624,905. Corporate insiders own 8.70% of the company's stock.

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.