Wedge Capital Management L L P NC Makes New Investment in Life Time Group Holdings, Inc. (NYSE:LTH)

Wedge Capital Management L L P NC bought a new stake in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 1,340,089 shares of the company's stock, valued at approximately $40,471,000. Wedge Capital Management L L P NC owned 0.63% of Life Time Group as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Park Avenue Securities LLC grew its stake in Life Time Group by 43.8% in the first quarter. Park Avenue Securities LLC now owns 35,239 shares of the company's stock valued at $1,064,000 after acquiring an additional 10,739 shares during the period. MRA Advisory Group acquired a new stake in Life Time Group in the 1st quarter valued at $355,000. Rhumbline Advisers increased its stake in Life Time Group by 32.7% during the 1st quarter. Rhumbline Advisers now owns 121,552 shares of the company's stock valued at $3,671,000 after purchasing an additional 29,980 shares in the last quarter. GAMMA Investing LLC raised its holdings in Life Time Group by 8,771.4% during the first quarter. GAMMA Investing LLC now owns 9,936 shares of the company's stock worth $329,000 after buying an additional 9,824 shares during the last quarter. Finally, Moody National Bank Trust Division lifted its stake in shares of Life Time Group by 8.9% in the first quarter. Moody National Bank Trust Division now owns 100,323 shares of the company's stock valued at $3,030,000 after buying an additional 8,222 shares in the last quarter. 79.40% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on LTH. Guggenheim lifted their price target on Life Time Group from $32.00 to $36.00 and gave the company a "buy" rating in a research note on Friday, February 28th. Royal Bank of Canada set a $35.00 target price on Life Time Group and gave the company a "buy" rating in a research report on Thursday, February 27th. Wells Fargo & Company set a $28.00 price target on Life Time Group and gave the company a "hold" rating in a research report on Thursday, February 27th. Bank of America set a $40.00 price objective on shares of Life Time Group and gave the stock a "buy" rating in a report on Monday, March 3rd. Finally, The Goldman Sachs Group raised their price target on shares of Life Time Group from $22.00 to $32.00 and gave the company a "neutral" rating in a research report on Monday, March 3rd. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $35.92.

Life Time Group Stock Performance

Shares of LTH stock traded down $0.98 during trading hours on Monday, hitting $28.03. 7,169,713 shares of the company were exchanged, compared to its average volume of 1,787,316. The company has a current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $6.15 billion, a price-to-earnings ratio of 40.62, a P/E/G ratio of 0.81 and a beta of 1.75. The firm has a fifty day simple moving average of $30.02 and a 200 day simple moving average of $28.32. Life Time Group Holdings, Inc. has a 52-week low of $17.27 and a 52-week high of $34.99.

Life Time Group (NYSE:LTH - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.27 by $0.12. The business had revenue of $706.04 million during the quarter, compared to the consensus estimate of $684.06 million. Life Time Group had a return on equity of 6.42% and a net margin of 5.67%. The business's revenue for the quarter was up 18.3% on a year-over-year basis. During the same period last year, the business posted $0.15 earnings per share. Research analysts predict that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current fiscal year.

Life Time Group 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.