Life Time Group Holdings, Inc. (NYSE:LTH) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC raised its position in Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 8,771.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,936 shares of the company's stock after purchasing an additional 9,824 shares during the quarter. GAMMA Investing LLC's holdings in Life Time Group were worth $329,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Dnca Finance raised its stake in shares of Life Time Group by 11.9% during the fourth quarter. Dnca Finance now owns 3,830 shares of the company's stock valued at $85,000 after acquiring an additional 407 shares in the last quarter. Summit Investment Advisors Inc. raised its position in Life Time Group by 12.3% during the 4th 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 in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Life Time Group by 0.4% in the 4th quarter. Bank of New York Mellon Corp now owns 219,915 shares of the company's stock worth $4,865,000 after buying an additional 788 shares during the period. Rhumbline Advisers grew its position in shares of Life Time Group by 1.2% during the 4th quarter. Rhumbline Advisers now owns 91,572 shares of the company's stock worth $2,026,000 after buying an additional 1,075 shares in the last quarter. Finally, Handelsbanken Fonder AB raised its holdings in shares of Life Time Group by 6.4% in the fourth quarter. Handelsbanken Fonder AB now owns 18,400 shares of the company's stock valued at $407,000 after acquiring an additional 1,100 shares in the last quarter. Institutional investors own 79.40% of the company's stock.

Insider Buying and Selling at Life Time Group

In other news, CFO Erik Weaver sold 18,000 shares of the business's stock in a transaction dated Friday, June 6th. The stock was 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 now owns 86,611 shares of the company's stock, valued at $2,489,200.14. The trade was a 17.21% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Parham Javaheri sold 84,744 shares of the firm's stock in a transaction dated 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 sale, the executive vice president now directly owns 249,526 shares in the company, valued at approximately $6,946,803.84. This trade represents a 25.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,548,155 shares of company stock worth $691,624,905. Company insiders own 8.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on LTH. BMO Capital Markets set a $28.00 target price on shares of Life Time Group and gave the company a "hold" rating in a research report on Friday, March 14th. Deutsche Bank Aktiengesellschaft set a $36.00 price objective on shares of Life Time Group and gave the company a "buy" rating in a research note on Monday, March 3rd. Craig Hallum raised shares of Life Time Group to a "buy" rating and set a $45.00 price objective for the company in a research note on Friday, May 23rd. Evercore ISI set a $38.00 target price on Life Time Group and gave the company a "buy" rating in a research report on Thursday, February 27th. Finally, Wells Fargo & Company set a $28.00 price target on Life Time Group and gave the company a "hold" rating in a report on Thursday, February 27th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, Life Time Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $35.92.

Life Time Group Stock Performance

Shares of Life Time Group stock traded up $0.18 during midday trading on Tuesday, hitting $29.74. The company had a trading volume of 3,705,763 shares, compared to its average volume of 1,903,678. The stock has a market cap of $6.52 billion, a price-to-earnings ratio of 30.98 and a beta of 1.76. Life Time Group Holdings, Inc. has a 12-month low of $18.01 and a 12-month high of $34.99. The company has a quick ratio of 0.31, a current ratio of 0.43 and a debt-to-equity ratio of 0.55. The company has a fifty day simple moving average of $29.58 and a 200 day simple moving average of $28.59.

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

Life Time Group Company 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.