Legato Capital Management LLC Purchases Shares of 28,370 Life Time Group Holdings, Inc. (NYSE:LTH)

Legato Capital Management LLC acquired a new position in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 28,370 shares of the company's stock, valued at approximately $857,000.

Several other large investors have also recently added to or reduced their stakes in the company. Dnca Finance increased its position in Life Time Group by 11.9% during the 4th quarter. Dnca Finance now owns 3,830 shares of the company's stock worth $85,000 after buying an additional 407 shares during the period. Summit Investment Advisors Inc. increased its position in shares of Life Time Group by 12.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 6,478 shares of the company's stock worth $143,000 after purchasing an additional 712 shares during the period. Amalgamated Bank increased its position in shares of Life Time Group by 42.3% in the first quarter. Amalgamated Bank now owns 2,898 shares of the company's stock worth $88,000 after purchasing an additional 862 shares during the period. Sherbrooke Park Advisers LLC increased its position in shares of Life Time Group by 10.3% in the fourth quarter. Sherbrooke Park Advisers LLC now owns 13,151 shares of the company's stock worth $291,000 after purchasing an additional 1,224 shares during the period. Finally, SG Americas Securities LLC increased its position in shares of Life Time Group by 12.4% in the first quarter. SG Americas Securities LLC now owns 11,485 shares of the company's stock worth $347,000 after purchasing an additional 1,269 shares during the period. Institutional investors own 79.40% of the company's stock.

Insider Buying and Selling

In related news, Director John Kristofer Galashan sold 11,655,582 shares of Life Time Group stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $29.38, for a total value of $342,440,999.16. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Ritadhwaja Jebens Singh sold 134,247 shares of Life Time Group stock in a transaction that occurred on 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 completion of the transaction, the executive vice president directly owned 133,189 shares in the company, valued at approximately $3,835,843.20. This represents a 50.20% 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 90 days. 8.70% of the stock is currently owned by corporate insiders.

Life Time Group Trading Down 0.1%

Shares of LTH stock traded down $0.02 during mid-day trading on Monday, reaching $29.21. 298,392 shares of the stock traded hands, compared to its average volume of 2,523,074. The stock's fifty day simple moving average is $29.01 and its two-hundred day simple moving average is $29.75. Life Time Group Holdings, Inc. has a 1-year low of $20.22 and a 1-year high of $34.99. The company has a market cap of $6.41 billion, a price-to-earnings ratio of 30.43 and a beta of 1.74. The company has a quick ratio of 0.31, a current ratio of 0.43 and a debt-to-equity ratio of 0.55.

Life Time Group (NYSE:LTH - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.39 EPS for the quarter, beating analysts' consensus estimates of $0.27 by $0.12. Life Time Group had a return on equity of 8.29% and a net margin of 7.60%. The firm had revenue of $706.04 million for the quarter, compared to analyst estimates of $684.06 million. During the same period last year, the firm posted $0.15 earnings per share. The business's revenue for the quarter was up 18.3% on a year-over-year basis. On average, research analysts anticipate that Life Time Group Holdings, Inc. will post 0.74 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently commented on LTH. Morgan Stanley raised their price target on Life Time Group from $33.00 to $34.00 and gave the stock an "equal weight" rating in a research report on Friday, May 9th. Guggenheim restated a "buy" rating and issued a $36.00 price target on shares of Life Time Group in a research report on Tuesday, June 24th. Finally, Craig Hallum raised Life Time Group to a "buy" rating and set a $45.00 price objective on the stock in a research note on Friday, May 23rd. 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 stock presently has an average rating of "Moderate Buy" and an average price target of $35.92.

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.