Lisanti Capital Growth LLC Takes Position in Life Time Group Holdings, Inc. (NYSE:LTH)

Lisanti Capital Growth LLC purchased a new stake in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 127,180 shares of the company's stock, valued at approximately $3,841,000. Lisanti Capital Growth LLC owned about 0.06% of Life Time Group at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Kapitalo Investimentos Ltda bought a new stake in shares of Life Time Group during the 4th quarter worth $33,000. Sterling Capital Management LLC boosted its holdings in Life Time Group by 892.6% during the 4th quarter. Sterling Capital Management LLC now owns 2,025 shares of the company's stock valued at $45,000 after acquiring an additional 1,821 shares during the period. Quarry LP increased its stake in Life Time Group by 240.4% in the 4th quarter. Quarry LP now owns 2,335 shares of the company's stock worth $52,000 after purchasing an additional 1,649 shares during the period. Dnca Finance boosted its stake 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 valued at $85,000 after purchasing an additional 407 shares during the period. Finally, SBI Securities Co. Ltd. purchased a new position in shares of Life Time Group in the fourth quarter worth $88,000. 79.40% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

LTH has been the topic of several recent analyst reports. Bank of America set a $40.00 target price on Life Time Group and gave the stock a "buy" rating in a research note on Monday, March 3rd. BMO Capital Markets set a $28.00 price target on shares of Life Time Group and gave the stock a "hold" rating in a research note on Friday, March 14th. Craig Hallum raised Life Time Group to a "buy" rating and set a $45.00 price objective on the stock in a research report on Friday, May 23rd. Morgan Stanley increased their target price 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. Finally, Mizuho increased their price objective on Life Time Group from $38.00 to $41.00 and gave the stock an "outperform" rating in a report on Wednesday, March 5th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $35.92.

Life Time Group Price Performance

Shares of NYSE LTH traded down $0.61 during mid-day trading on Tuesday, reaching $29.72. The company's stock had a trading volume of 1,030,501 shares, compared to its average volume of 1,962,203. The stock has a fifty day moving average of $29.46 and a two-hundred day moving average of $28.82. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.43 and a quick ratio of 0.31. Life Time Group Holdings, Inc. has a 52 week low of $18.35 and a 52 week high of $34.99. The firm has a market capitalization of $6.52 billion, a PE ratio of 30.90 and a beta of 1.76.

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, topping 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 analysts' expectations of $684.06 million. During the same quarter in the previous year, the company earned $0.15 EPS. The business's quarterly revenue was up 18.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Life Time Group Holdings, Inc. will post 0.74 EPS for the current fiscal year.

Insider Activity

In other news, CFO Erik Weaver sold 18,000 shares of the firm's stock in a transaction 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 transaction, the chief financial officer owned 86,611 shares in the company, valued at approximately $2,489,200.14. This trade represents a 17.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director John Kristofer Galashan sold 11,655,582 shares of the business's stock in a transaction that occurred on 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 transaction, the director directly owned 29,898,037 shares of the company's stock, valued at $878,404,327.06. This trade represents a 28.05% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 23,548,155 shares of company stock worth $691,624,905. Company insiders own 8.70% of the company's stock.

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.