Park Avenue Securities LLC Purchases 10,739 Shares of Life Time Group Holdings, Inc. (NYSE:LTH)

Park Avenue Securities LLC boosted its position in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 43.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 35,239 shares of the company's stock after purchasing an additional 10,739 shares during the period. Park Avenue Securities LLC's holdings in Life Time Group were worth $1,064,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in LTH. Kapitalo Investimentos Ltda acquired a new stake in shares of Life Time Group during the fourth quarter worth approximately $33,000. Sterling Capital Management LLC lifted its position in Life Time Group by 892.6% in the 4th quarter. Sterling Capital Management LLC now owns 2,025 shares of the company's stock worth $45,000 after buying an additional 1,821 shares in the last quarter. Quarry LP boosted its stake in shares of Life Time Group by 240.4% during the 4th quarter. Quarry LP now owns 2,335 shares of the company's stock valued at $52,000 after buying an additional 1,649 shares during the period. Dnca Finance boosted its stake in shares of Life Time Group by 11.9% during the 4th quarter. Dnca Finance now owns 3,830 shares of the company's stock valued at $85,000 after buying an additional 407 shares during the period. Finally, SBI Securities Co. Ltd. purchased a new position in shares of Life Time Group during the 4th quarter valued at $88,000. 79.40% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Life Time Group

In other news, CFO Erik Weaver sold 18,000 shares of Life Time Group stock in a transaction that occurred on Friday, June 6th. The shares were 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 in the company, valued at approximately $2,489,200.14. The trade was a 17.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Ritadhwaja Jebens Singh sold 134,247 shares of the stock in a transaction 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 sale, the executive vice president now owns 133,189 shares in the company, valued at $3,835,843.20. The trade was a 50.20% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,463,411 shares of company stock valued at $689,265,632 in the last 90 days. 8.70% of the stock is owned by corporate insiders.

Life Time Group Stock Performance

Life Time Group stock traded down $1.04 during trading hours on Friday, hitting $27.11. The stock had a trading volume of 2,899,846 shares, compared to its average volume of 1,828,454. The company has a 50-day moving average of $29.90 and a two-hundred day moving average of $28.41. The company has a quick ratio of 0.46, a current ratio of 0.59 and a debt-to-equity ratio of 0.64. The company has a market cap of $5.95 billion, a PE ratio of 39.29, a price-to-earnings-growth ratio of 0.81 and a beta of 1.75. Life Time Group Holdings, Inc. has a fifty-two week low of $17.81 and a fifty-two week high of $34.99.

Life Time Group (NYSE:LTH - Get Free Report) last announced its quarterly earnings results 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 5.67% and a return on equity of 6.42%. The firm had revenue of $706.04 million for the quarter, compared to analyst estimates of $684.06 million. During the same quarter in the previous year, the firm posted $0.15 EPS. The business's revenue for the quarter was up 18.3% on a year-over-year basis. On average, equities research analysts anticipate that Life Time Group Holdings, Inc. will post 0.74 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Wells Fargo & Company set a $28.00 price objective on Life Time Group and gave the stock a "hold" rating in a report on Thursday, February 27th. Guggenheim raised their price target on Life Time Group from $32.00 to $36.00 and gave the stock a "buy" rating in a research note on Friday, February 28th. Deutsche Bank Aktiengesellschaft set a $36.00 price target on Life Time Group and gave the company a "buy" rating in a research note on Monday, March 3rd. Evercore ISI set a $38.00 price target on Life Time Group and gave the stock a "buy" rating in a research note on Thursday, February 27th. Finally, Mizuho raised their price objective on Life Time Group from $38.00 to $41.00 and gave the company an "outperform" rating in a research note on Wednesday, March 5th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $35.92.

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.