Jag Capital Management LLC Invests $256,000 in Life Time Group Holdings, Inc. (NYSE:LTH)

Jag Capital Management LLC purchased a new position in Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 8,484 shares of the company's stock, valued at approximately $256,000.

Several other institutional investors and hedge funds also recently made changes to their positions in LTH. Dimensional Fund Advisors LP increased its holdings in shares of Life Time Group by 2.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,190,447 shares of the company's stock worth $114,809,000 after purchasing an additional 147,295 shares during the period. Loomis Sayles & Co. L P increased its holdings in shares of Life Time Group by 12.3% during the 4th quarter. Loomis Sayles & Co. L P now owns 3,425,925 shares of the company's stock worth $75,781,000 after purchasing an additional 375,672 shares during the period. Driehaus Capital Management LLC increased its holdings in shares of Life Time Group by 5.2% during the 4th quarter. Driehaus Capital Management LLC now owns 2,955,669 shares of the company's stock worth $65,379,000 after purchasing an additional 145,002 shares during the period. Hood River Capital Management LLC increased its position in shares of Life Time Group by 2.4% during the fourth quarter. Hood River Capital Management LLC now owns 2,787,210 shares of the company's stock valued at $61,653,000 after purchasing an additional 64,613 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Life Time Group by 45.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,038,064 shares of the company's stock valued at $45,082,000 after purchasing an additional 640,385 shares in the last quarter. Institutional investors own 79.40% of the company's stock.

Insider Activity at Life Time Group

In related news, EVP Ritadhwaja Jebens Singh sold 134,247 shares of the firm's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $28.80, for a total value of $3,866,313.60. Following the transaction, the executive vice president now owns 133,189 shares in the company, valued at $3,835,843.20. This trade represents a 50.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Parham Javaheri sold 84,744 shares of the business'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 of the company's stock, valued at $6,946,803.84. This represents a 25.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,548,155 shares of company stock valued at $691,624,905 over the last ninety days. 8.70% of the stock is owned by insiders.

Life Time Group Price Performance

Shares of NYSE:LTH traded up $0.27 on Friday, hitting $30.04. The stock had a trading volume of 10,594,513 shares, compared to its average volume of 1,964,329. Life Time Group Holdings, Inc. has a twelve month low of $18.35 and a twelve month high of $34.99. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.31 and a current ratio of 0.43. The firm's 50 day moving average price is $29.44 and its 200-day moving average price is $28.73. The company has a market capitalization of $6.59 billion, a price-to-earnings ratio of 31.29 and a beta of 1.75.

Life Time Group (NYSE:LTH - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.39 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 company had revenue of $706.04 million for the quarter, compared to the consensus estimate of $684.06 million. During the same quarter in the previous year, the company earned $0.15 EPS. The firm's revenue for the quarter was up 18.3% compared to the same quarter last year. On average, equities research analysts predict that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on LTH shares. Bank of America set a $40.00 price target on shares of Life Time Group and gave the stock a "buy" rating in a research note on Monday, March 3rd. Mizuho upped their target price on shares of Life Time Group from $38.00 to $41.00 and gave the company an "outperform" rating in a research note on Wednesday, March 5th. Craig Hallum raised shares of Life Time Group to a "buy" rating and set a $45.00 price target for the company in a research report on Friday, May 23rd. The Goldman Sachs Group lifted their price objective on Life Time Group from $22.00 to $32.00 and gave the company a "neutral" rating in a report on Monday, March 3rd. Finally, Guggenheim reissued a "buy" rating and issued a $36.00 target price on shares of Life Time Group in a report on Tuesday, June 24th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Life Time Group presently has a consensus rating of "Moderate Buy" and an average price target of $35.92.

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.