Jackson Creek Investment Advisors LLC Takes Position in Life Time Group Holdings, Inc. (NYSE:LTH)

Jackson Creek Investment Advisors LLC bought a new position in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 45,714 shares of the company's stock, valued at approximately $1,381,000.

A number of other hedge funds have also bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its stake in Life Time Group by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 602,371 shares of the company's stock valued at $13,324,000 after purchasing an additional 15,530 shares in the last quarter. Norges Bank bought a new stake in Life Time Group in the fourth quarter valued at $19,198,000. Swiss National Bank increased its stake in Life Time Group by 21.2% in the fourth quarter. Swiss National Bank now owns 141,200 shares of the company's stock valued at $3,123,000 after purchasing an additional 24,700 shares in the last quarter. Stifel Financial Corp bought a new stake in Life Time Group in the fourth quarter valued at $714,000. Finally, Natixis Advisors LLC increased its stake in Life Time Group by 4.7% in the fourth quarter. Natixis Advisors LLC now owns 35,974 shares of the company's stock valued at $796,000 after purchasing an additional 1,631 shares in the last quarter. Institutional investors own 79.40% of the company's stock.

Insider Activity

In related news, EVP Ritadhwaja Jebens Singh sold 134,247 shares of the firm's stock in a transaction that occurred 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 owned 133,189 shares of the company's stock, valued at approximately $3,835,843.20. This trade represents a 50.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Erik Weaver sold 18,000 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $28.74, for a total transaction of $517,320.00. Following the sale, the chief financial officer owned 86,611 shares in the company, valued at approximately $2,489,200.14. The trade was a 17.21% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,548,155 shares of company stock worth $691,624,905. 8.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

LTH has been the topic of several analyst reports. Guggenheim restated a "buy" rating and set a $36.00 price target on shares of Life Time Group in a report on Tuesday, June 24th. Morgan Stanley boosted their price target 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. Finally, Craig Hallum upgraded shares of Life Time Group to a "buy" rating and set a $45.00 price target on the stock in a report on Friday, May 23rd. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $35.92.

Life Time Group Trading Down 4.5%

NYSE LTH traded down $1.37 during trading on Monday, hitting $29.00. The company had a trading volume of 2,632,283 shares, compared to its average volume of 2,066,225. 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 one year low of $20.22 and a one year high of $34.99. The company has a market cap of $6.36 billion, a price-to-earnings ratio of 30.20 and a beta of 1.74. The company's fifty day moving average is $29.05 and its 200-day moving average is $29.54.

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 the consensus estimate 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 net margin of 7.60% and a return on equity of 8.29%. Life Time Group's quarterly revenue was up 18.3% compared to the same quarter last year. During the same period last year, the business earned $0.15 EPS. On average, sell-side analysts predict that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current 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.