Emerald Mutual Fund Advisers Trust Invests $12.12 Million in Life Time Group Holdings, Inc. (NYSE:LTH)

Emerald Mutual Fund Advisers Trust bought a new position in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 401,433 shares of the company's stock, valued at approximately $12,123,000. Emerald Mutual Fund Advisers Trust owned approximately 0.19% of Life Time Group as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in LTH. Marshall Wace LLP lifted its holdings in Life Time Group by 7,344.2% during the 4th quarter. Marshall Wace LLP now owns 1,361,032 shares of the company's stock worth $30,106,000 after buying an additional 1,342,749 shares in the last quarter. Wedge Capital Management L L P NC acquired a new stake in Life Time Group during the 1st quarter worth approximately $40,471,000. Norges Bank acquired a new stake in Life Time Group during the 4th quarter worth approximately $19,198,000. American Century Companies Inc. lifted its holdings in Life Time Group by 61.9% during the 4th quarter. American Century Companies Inc. now owns 1,924,461 shares of the company's stock worth $42,569,000 after buying an additional 735,682 shares in the last quarter. Finally, Point72 Asset Management L.P. lifted its holdings in Life Time Group by 79.9% during the 4th quarter. Point72 Asset Management L.P. now owns 1,602,100 shares of the company's stock worth $35,438,000 after buying an additional 711,443 shares in the last quarter. 79.40% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity 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 on Thursday, June 12th. The shares were sold at an average price of $27.84, for a total transaction 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 position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John G. Danhakl sold 11,655,582 shares of the firm's stock in a transaction on 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 transaction, the director directly owned 29,898,037 shares in the company, valued at $878,404,327.06. The trade was a 28.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,548,155 shares of company stock worth $691,624,905 in the last three months. Company insiders own 8.70% of the company's stock.

Life Time Group Stock Up 1.0%

Shares of NYSE LTH traded up $0.30 during mid-day trading on Friday, reaching $29.70. The company had a trading volume of 2,022,016 shares, compared to its average volume of 2,018,310. The company has a current ratio of 0.43, a quick ratio of 0.31 and a debt-to-equity ratio of 0.55. The firm has a 50 day simple moving average of $29.17 and a two-hundred day simple moving average of $29.16. The stock has a market cap of $6.52 billion, a P/E ratio of 30.94 and a beta of 1.74. Life Time Group Holdings, Inc. has a 52-week low of $19.14 and a 52-week high of $34.99.

Life Time Group (NYSE:LTH - Get Free Report) last issued 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 net margin of 7.60% and a return on equity of 8.29%. The company had revenue of $706.04 million for the quarter, compared to the consensus estimate of $684.06 million. During the same period last year, the firm posted $0.15 EPS. Life Time Group's revenue for the quarter was up 18.3% on a year-over-year basis. Sell-side analysts predict that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current year.

Analysts Set New Price Targets

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