Envestnet Asset Management Inc. Purchases 166,105 Shares of Life Time Group Holdings, Inc. (NYSE:LTH)

Envestnet Asset Management Inc. grew its position in Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 94.7% in the first quarter, according to its most recent filing with the SEC. The fund owned 341,437 shares of the company's stock after acquiring an additional 166,105 shares during the period. Envestnet Asset Management Inc. owned 0.16% of Life Time Group worth $10,311,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of LTH. Dnca Finance increased its holdings in Life Time Group by 11.9% in the fourth quarter. Dnca Finance now owns 3,830 shares of the company's stock valued at $85,000 after purchasing an additional 407 shares during the period. Summit Investment Advisors Inc. increased its holdings in Life Time Group by 12.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 6,478 shares of the company's stock valued at $143,000 after purchasing an additional 712 shares during the period. Amalgamated Bank increased its holdings in Life Time Group by 42.3% in the first quarter. Amalgamated Bank now owns 2,898 shares of the company's stock valued at $88,000 after purchasing an additional 862 shares during the period. Sherbrooke Park Advisers LLC increased its holdings in Life Time Group by 10.3% in the fourth quarter. Sherbrooke Park Advisers LLC now owns 13,151 shares of the company's stock valued at $291,000 after purchasing an additional 1,224 shares during the period. Finally, SG Americas Securities LLC increased its holdings in Life Time Group by 12.4% in the first quarter. SG Americas Securities LLC now owns 11,485 shares of the company's stock valued at $347,000 after purchasing an additional 1,269 shares during the period. 79.40% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CFO Erik Weaver sold 18,000 shares of the firm's 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 transaction, the chief financial officer owned 86,611 shares of the company's stock, valued at approximately $2,489,200.14. This trade represents a 17.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John G. Danhakl sold 11,655,582 shares of the firm's stock in a transaction dated Friday, June 6th. The shares were 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 in the company, valued at approximately $878,404,327.06. The trade was a 28.05% 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 in the last 90 days. Company insiders own 8.70% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Morgan Stanley increased 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. Craig Hallum upgraded Life Time Group to a "buy" rating and set a $45.00 price objective for the company 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 assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $35.92.

Life Time Group Stock Down 0.4%

Shares of LTH stock traded down $0.12 on Thursday, reaching $29.08. 2,185,528 shares of the company were exchanged, compared to its average volume of 2,856,359. The company has a market cap of $6.38 billion, a price-to-earnings ratio of 30.29 and a beta of 1.74. The company has a 50-day moving average of $29.02 and a 200-day moving average of $29.62. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.43 and a quick ratio of 0.31. Life Time Group Holdings, Inc. has a one year low of $20.22 and a one year high of $34.99.

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 analysts' consensus estimates of $0.27 by $0.12. The company had revenue of $706.04 million for the quarter, compared to analysts' expectations of $684.06 million. Life Time Group had a net margin of 7.60% and a return on equity of 8.29%. The business's revenue was up 18.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.15 EPS. Analysts anticipate that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current 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.