Life Time Group Holdings, Inc. $LTH Shares Sold by Emerald Advisers LLC

Emerald Advisers LLC lessened its stake in shares of Life Time Group Holdings, Inc. (NYSE:LTHFree Report) by 3.9% during the first quarter, Holdings Channel.com reports. The fund owned 656,508 shares of the company’s stock after selling 26,437 shares during the period. Emerald Advisers LLC’s holdings in Life Time Group were worth $17,686,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. GAMMA Investing LLC lifted its stake in Life Time Group by 144.5% during the fourth quarter. GAMMA Investing LLC now owns 1,220 shares of the company’s stock valued at $32,000 after buying an additional 721 shares in the last quarter. Wexford Capital LP acquired a new position in Life Time Group during the third quarter valued at approximately $40,000. EverSource Wealth Advisors LLC raised its stake in shares of Life Time Group by 201.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,499 shares of the company’s stock valued at $45,000 after buying an additional 1,002 shares in the last quarter. Kemnay Advisory Services Inc. bought a new position in Life Time Group during the fourth quarter worth about $73,000. Finally, Nisa Investment Advisors LLC raised its stake in shares of Life Time Group by 74.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,862 shares of the company’s stock valued at $76,000 after acquiring an additional 1,225 shares during the last quarter. 79.40% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on LTH. Wells Fargo & Company upped their price target on Life Time Group from $37.00 to $38.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Mizuho boosted their price objective on shares of Life Time Group from $41.00 to $44.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. Northland Securities upped their price target on Life Time Group from $43.00 to $48.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 24th. Guggenheim boosted their price objective on shares of Life Time Group from $36.00 to $41.00 and gave the stock a “buy” rating in a research note on Monday, June 15th. Finally, Jefferies Financial Group boosted their target price on Life Time Group from $41.00 to $51.00 and gave the stock a “buy” rating in a report on Monday, June 29th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $44.00.

Read Our Latest Analysis on LTH

Insiders Place Their Bets

In other news, Director John Kristofer Galashan sold 4,991,749 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $31.46, for a total value of $157,040,423.54. Following the transaction, the director owned 16,242,383 shares in the company, valued at approximately $510,985,369.18. The trade was a 23.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John G. Danhakl sold 4,991,749 shares of the company’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $31.46, for a total transaction of $157,040,423.54. Following the sale, the director directly owned 16,242,383 shares in the company, valued at $510,985,369.18. This trade represents a 23.51% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 27,943,861 shares of company stock worth $857,228,555. 13.30% of the stock is currently owned by insiders.

Life Time Group Stock Performance

NYSE LTH opened at $41.46 on Tuesday. Life Time Group Holdings, Inc. has a 1 year low of $24.14 and a 1 year high of $42.30. The company has a current ratio of 0.53, a quick ratio of 0.42 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $9.23 billion, a price-to-earnings ratio of 24.25, a P/E/G ratio of 1.73 and a beta of 1.51. The firm’s 50 day simple moving average is $35.53 and its 200 day simple moving average is $30.36.

Life Time Group (NYSE:LTHGet Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.03. Life Time Group had a return on equity of 10.10% and a net margin of 12.56%.The company had revenue of $788.70 million during the quarter, compared to analysts’ expectations of $787.65 million. During the same period in the prior year, the company earned $0.39 EPS. Life Time Group’s revenue was up 11.7% compared to the same quarter last year. As a group, research analysts expect that Life Time Group Holdings, Inc. will post 1.48 earnings per share for the current fiscal year.

About Life Time Group

(Free Report)

Life Time Group (NYSE: LTH) is a premier operator of health, fitness and lifestyle centers across North America. The company’s core business encompasses the development, ownership and management of premium athletic resorts that integrate state-of-the-art fitness facilities, group exercise studios, indoor and outdoor pools, running tracks, and spa and salon services. In addition to its brick-and-mortar clubs, Life Time offers a digital platform featuring on-demand and live-streamed workouts, personalized training programs and nutrition guidance, enabling members to pursue their wellness goals both at home and on the go.

Founded in 1992 and headquartered in Chanhassen, Minnesota, Life Time has grown from a single Minnesota health club into a network of more than 160 locations across the United States and Canada.

Further Reading

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Institutional Ownership by Quarter for Life Time Group (NYSE:LTH)

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