Rhumbline Advisers Raises Holdings in Life Time Group Holdings, Inc. (NYSE:LTH)

Rhumbline Advisers increased its stake in Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 32.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 121,552 shares of the company's stock after purchasing an additional 29,980 shares during the quarter. Rhumbline Advisers owned approximately 0.06% of Life Time Group worth $3,671,000 at the end of the most recent quarter.

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

Life Time Group Price Performance

Shares of LTH traded up $0.96 during mid-day trading on Wednesday, reaching $27.59. 4,263,794 shares of the stock traded hands, compared to its average volume of 1,862,132. Life Time Group Holdings, Inc. has a 1 year low of $18.01 and a 1 year high of $34.99. The firm has a fifty day moving average price of $29.74 and a 200 day moving average price of $28.44. The company has a market cap of $6.05 billion, a price-to-earnings ratio of 28.74 and a beta of 1.75. The company has a current ratio of 0.43, a quick ratio of 0.31 and a debt-to-equity ratio of 0.55.

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

Insider Buying and Selling

In related news, EVP Parham Javaheri sold 84,744 shares of the company's stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $27.84, for a total value of $2,359,272.96. Following the completion of the transaction, the executive vice president now directly owns 249,526 shares in the company, valued at approximately $6,946,803.84. The trade was a 25.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Ritadhwaja Jebens Singh sold 134,247 shares of the company's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $28.80, for a total transaction of $3,866,313.60. Following the completion of the transaction, the executive vice president now owns 133,189 shares of the company's stock, valued at $3,835,843.20. This trade represents a 50.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,548,155 shares of company stock worth $691,624,905. Corporate insiders own 8.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on LTH. BMO Capital Markets set a $28.00 price objective on shares of Life Time Group and gave the company a "hold" rating in a research note on Friday, March 14th. Craig Hallum upgraded shares of Life Time Group to a "buy" rating and set a $45.00 price objective for the company in a research note on Friday, May 23rd. Royal Bank Of Canada set a $35.00 price objective on shares of Life Time Group and gave the company a "buy" rating in a research note on Thursday, February 27th. Deutsche Bank Aktiengesellschaft set a $36.00 price objective on shares of Life Time Group and gave the company a "buy" rating in a research note on Monday, March 3rd. Finally, Morgan Stanley boosted their price target on shares of 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. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Life Time Group has an average rating of "Moderate Buy" and a consensus 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.