Emerald Advisers LLC Acquires New Position in Life Time Group Holdings, Inc. (NYSE:LTH)

Emerald Advisers LLC acquired a new stake in Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 659,519 shares of the company's stock, valued at approximately $19,917,000. Emerald Advisers LLC owned 0.31% of Life Time Group as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of LTH. Kapitalo Investimentos Ltda acquired a new stake in Life Time Group during the 4th quarter worth about $33,000. Sterling Capital Management LLC grew its holdings in Life Time Group by 892.6% during the 4th quarter. Sterling Capital Management LLC now owns 2,025 shares of the company's stock worth $45,000 after acquiring an additional 1,821 shares during the period. Quarry LP grew its holdings in Life Time Group by 240.4% during the 4th quarter. Quarry LP now owns 2,335 shares of the company's stock worth $52,000 after acquiring an additional 1,649 shares during the period. Dnca Finance grew its holdings in Life Time Group by 11.9% during the 4th quarter. Dnca Finance now owns 3,830 shares of the company's stock worth $85,000 after acquiring an additional 407 shares during the period. Finally, 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 worth $88,000 after acquiring an additional 862 shares during the period. 79.40% of the stock is currently owned by institutional investors and hedge funds.

Life Time Group Stock Performance

Life Time Group stock traded up $0.30 during midday trading on Friday, hitting $29.70. 2,022,016 shares of the company were exchanged, compared to its average volume of 2,022,974. The firm has a market capitalization of $6.52 billion, a PE ratio of 30.94 and a beta of 1.74. Life Time Group Holdings, Inc. has a fifty-two week low of $19.37 and a fifty-two week high of $34.99. The business has a fifty day simple moving average of $29.17 and a two-hundred day simple moving average of $29.21. 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 (NYSE:LTH - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $684.06 million. During the same period in the previous year, the company posted $0.15 earnings per share. The business's revenue was up 18.3% on a year-over-year basis. On average, sell-side analysts forecast that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current year.

Wall Street Analyst Weigh In

LTH has been the topic of a number of research analyst reports. Morgan Stanley increased 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. Guggenheim reaffirmed a "buy" rating and issued a $36.00 price target on shares of Life Time Group in a research report on Tuesday, June 24th. Finally, 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. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Life Time Group presently has an average rating of "Moderate Buy" and a consensus price target of $35.92.

Insider Buying and Selling at Life Time Group

In other news, EVP Ritadhwaja Jebens Singh sold 134,247 shares of the stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $28.80, for a total transaction of $3,866,313.60. Following the completion of the transaction, the executive vice president directly owned 133,189 shares of the company's stock, valued at approximately $3,835,843.20. This represents a 50.20% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Parham Javaheri sold 84,744 shares of the company's stock in a transaction that occurred 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 sale, the executive vice president owned 249,526 shares in the company, valued at approximately $6,946,803.84. This represents a 25.35% decrease in their position. The disclosure for this sale can be found here. In 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.