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

Rhumbline Advisers raised its holdings in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 32.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Dnca Finance lifted its holdings in 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 last quarter. Summit Investment Advisors Inc. lifted its holdings in Life Time Group by 12.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 6,478 shares of the company's stock valued at $143,000 after purchasing an additional 712 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Life Time Group by 0.4% during the fourth quarter. Bank of New York Mellon Corp now owns 219,915 shares of the company's stock valued at $4,865,000 after purchasing an additional 788 shares during the last quarter. Handelsbanken Fonder AB lifted its holdings in shares of Life Time Group by 6.4% in the fourth quarter. Handelsbanken Fonder AB now owns 18,400 shares of the company's stock worth $407,000 after buying an additional 1,100 shares in the last quarter. Finally, Sherbrooke Park Advisers LLC lifted its holdings 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 buying an additional 1,224 shares in the last quarter. 79.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LTH has been the topic of a number of recent analyst reports. Bank of America set a $40.00 price target on shares of Life Time Group and gave the stock a "buy" rating in a report 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 report on Friday, March 14th. Evercore ISI set a $38.00 price target on shares of Life Time Group and gave the stock a "buy" rating in a report on Thursday, February 27th. Royal Bank of Canada set a $35.00 price target on shares of Life Time Group and gave the stock a "buy" rating in a report on Thursday, February 27th. Finally, Deutsche Bank Aktiengesellschaft set a $36.00 price target on shares of Life Time Group and gave the stock a "buy" rating in a report on Monday, March 3rd. Five 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 stock presently has an average rating of "Moderate Buy" and a consensus price target of $35.92.

Insider Activity at Life Time Group

In related news, CFO Erik Weaver sold 18,000 shares of the stock in a transaction on Friday, June 6th. The shares were sold at an average price of $28.74, for a total transaction of $517,320.00. Following the transaction, the chief financial officer now owns 86,611 shares of the company's stock, valued at approximately $2,489,200.14. This trade represents a 17.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John Kristofer Galashan sold 11,655,582 shares of the stock in a transaction on Friday, June 6th. The shares were sold at an average price of $29.38, for a total transaction of $342,440,999.16. Following the transaction, the director now directly owns 29,898,037 shares in the company, valued at approximately $878,404,327.06. This represents a 28.05% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,463,411 shares of company stock valued at $689,265,632. Insiders own 8.70% of the company's stock.

Life Time Group Price Performance

Shares of NYSE:LTH opened at $27.11 on Friday. The company's fifty day moving average price is $29.90 and its 200-day moving average price is $28.41. The firm has a market capitalization of $5.95 billion, a price-to-earnings ratio of 39.29, a PEG ratio of 0.81 and a beta of 1.75. Life Time Group Holdings, Inc. has a one year low of $17.81 and a one year high of $34.99. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.59 and a quick ratio of 0.46.

Life Time Group (NYSE:LTH - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.39 EPS for the quarter, topping analysts' consensus estimates of $0.27 by $0.12. The firm had revenue of $706.04 million for the quarter, compared to analyst estimates of $684.06 million. Life Time Group had a net margin of 5.67% and a return on equity of 6.42%. The business's revenue for the quarter was up 18.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.15 EPS. On average, equities research analysts anticipate that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current fiscal year.

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.

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