Emerald Mutual Fund Advisers Trust Acquires New Shares in Life Time Group Holdings, Inc. (NYSE:LTH)

Emerald Mutual Fund Advisers Trust purchased a new position in Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 401,433 shares of the company's stock, valued at approximately $12,123,000. Emerald Mutual Fund Advisers Trust owned 0.19% of Life Time Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Kapitalo Investimentos Ltda acquired a new stake in shares of Life Time Group during the fourth quarter valued at about $33,000. Sterling Capital Management LLC lifted its stake in shares of Life Time Group by 892.6% in the fourth 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 lifted its stake in shares of Life Time Group by 240.4% in the fourth 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. Amalgamated Bank lifted its stake in shares of Life Time Group by 42.3% in the first 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. Finally, Dnca Finance lifted its stake in shares of Life Time Group by 11.9% in the fourth 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. Institutional investors own 79.40% of the company's stock.

Life Time Group Stock Down 0.4%

Life Time Group stock traded down $0.12 during trading on Tuesday, hitting $30.00. 4,205,927 shares of the company were exchanged, compared to its average volume of 2,032,840. The business's 50 day moving average is $29.11 and its 200 day moving average is $29.31. The company has a current ratio of 0.43, a quick ratio of 0.31 and a debt-to-equity ratio of 0.55. Life Time Group Holdings, Inc. has a 52 week low of $19.37 and a 52 week high of $34.99. The company has a market capitalization of $6.58 billion, a P/E ratio of 31.25 and a beta of 1.74.

Life Time Group (NYSE:LTH - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.39 earnings per share 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 business had revenue of $706.04 million for the quarter, compared to analysts' expectations of $684.06 million. During the same quarter in the previous year, the firm earned $0.15 earnings per share. The business's revenue was up 18.3% on a year-over-year basis. Analysts predict that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Parham Javaheri sold 84,744 shares of the company's stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $27.84, for a total transaction of $2,359,272.96. Following the transaction, the executive vice president owned 249,526 shares of the company's stock, valued at $6,946,803.84. This represents a 25.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ritadhwaja Jebens Singh sold 134,247 shares of the company's stock in a transaction on 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 transaction, the executive vice president directly owned 133,189 shares in the company, valued at $3,835,843.20. This represents a 50.20% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,548,155 shares of company stock valued at $691,624,905. 8.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

LTH has been the topic of a number of recent analyst reports. Craig Hallum raised Life Time Group to a "buy" rating and set a $45.00 price objective on the stock in a research note on Friday, May 23rd. Morgan Stanley boosted their price objective 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, Guggenheim restated a "buy" rating and set a $36.00 price objective on shares of Life Time Group in a report on Tuesday, June 24th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $35.92.

About Life Time Group

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.