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

Jackson Creek Investment Advisors LLC purchased a new stake in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 45,714 shares of the company's stock, valued at approximately $1,381,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Kapitalo Investimentos Ltda acquired a new position in shares of Life Time Group during the fourth quarter worth $33,000. Sterling Capital Management LLC increased its position in shares of Life Time Group by 892.6% during the fourth quarter. Sterling Capital Management LLC now owns 2,025 shares of the company's stock worth $45,000 after purchasing an additional 1,821 shares in the last quarter. Quarry LP increased its position in shares of Life Time Group by 240.4% during the fourth quarter. Quarry LP now owns 2,335 shares of the company's stock worth $52,000 after purchasing an additional 1,649 shares in the last quarter. Amalgamated Bank increased its position in shares of Life Time Group by 42.3% during the first quarter. Amalgamated Bank now owns 2,898 shares of the company's stock worth $88,000 after purchasing an additional 862 shares in the last quarter. Finally, Dnca Finance increased its position 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 worth $85,000 after purchasing an additional 407 shares in the last quarter. Institutional investors own 79.40% of the company's stock.

Insiders Place Their Bets

In related news, EVP Ritadhwaja Jebens Singh sold 134,247 shares of Life Time Group stock in a transaction on Friday, June 6th. The shares were sold at an average price of $28.80, for a total transaction of $3,866,313.60. Following the sale, the executive vice president owned 133,189 shares of the company's stock, valued at $3,835,843.20. The trade was a 50.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director John G. Danhakl sold 11,655,582 shares of the business's stock in a transaction dated 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 completion of the sale, the director directly owned 29,898,037 shares of the company's stock, valued at $878,404,327.06. The trade was a 28.05% 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 worth $691,624,905. 8.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Morgan Stanley upped their target price on Life Time Group from $33.00 to $34.00 and gave the company an "equal weight" rating in a research report on Friday, May 9th. Craig Hallum raised shares of Life Time Group to a "buy" rating and set a $45.00 target price on the stock in a research note on Friday, May 23rd. Finally, Guggenheim restated a "buy" rating and set a $36.00 price target on shares of Life Time Group in a research report on Tuesday, June 24th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $35.92.

Life Time Group Trading Down 0.5%

Shares of LTH traded down $0.15 on Friday, hitting $30.24. 100,634 shares of the stock traded hands, compared to its average volume of 2,044,413. 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 firm has a market capitalization of $6.64 billion, a P/E ratio of 31.76 and a beta of 1.74. The stock's 50 day moving average is $29.01 and its two-hundred day moving average is $29.39. Life Time Group Holdings, Inc. has a 1 year low of $20.22 and a 1 year high of $34.99.

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

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.

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