GAMMA Investing LLC Grows Position in Life Time Group Holdings, Inc. (NYSE:LTH)

GAMMA Investing LLC increased its stake in shares of Life Time Group Holdings, Inc. (NYSE:LTH) by 8,771.4% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,936 shares of the company’s stock after acquiring an additional 9,824 shares during the quarter. GAMMA Investing LLC’s holdings in Life Time Group were worth $329,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Kapitalo Investimentos Ltda bought a new position in shares of Life Time Group during the 4th quarter valued at about $33,000. Sterling Capital Management LLC lifted its position in shares of Life Time Group by 892.6% in the fourth quarter. Sterling Capital Management LLC now owns 2,025 shares of the company’s stock worth $45,000 after buying an additional 1,821 shares in the last quarter. Quarry LP boosted its stake in Life Time Group by 240.4% during the fourth quarter. Quarry LP now owns 2,335 shares of the company’s stock valued at $52,000 after buying an additional 1,649 shares during the last quarter. Dnca Finance boosted its stake 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 buying an additional 407 shares during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new position in Life Time Group during the 4th quarter valued at approximately $88,000. 79.40% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

LTH has been the subject of a number of research reports. Craig Hallum upgraded Life Time Group to a “buy” rating and set a $45.00 target price for the company in a research report on Friday, May 23rd. Deutsche Bank Aktiengesellschaft set a $36.00 price target on shares of Life Time Group and gave the stock a “buy” rating in a research note on Monday, March 3rd. Northland Securities set a $39.00 target price on Life Time Group and gave the company a “buy” rating in a research report on Thursday, February 27th. Mizuho upped their price target on shares of Life Time Group from $38.00 to $41.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 5th. Finally, Wells Fargo & Company set a $28.00 price objective on Life Time Group and gave the stock a “hold” rating in a research note on Thursday, February 27th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $35.92.

Life Time Group Stock Up 2.5%

NYSE:LTH opened at $28.30 on Friday. The company has a current ratio of 0.43, a quick ratio of 0.31 and a debt-to-equity ratio of 0.55. The company’s 50 day moving average is $29.63 and its two-hundred day moving average is $28.50. Life Time Group Holdings, Inc. has a twelve month low of $18.01 and a twelve month high of $34.99. The company has a market cap of $6.21 billion, a PE ratio of 29.48 and a beta of 1.75.

Life Time Group (NYSE:LTH) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.12. The company had revenue of $706.04 million for the quarter, compared to the consensus estimate of $684.06 million. Life Time Group had a net margin of 7.60% and a return on equity of 8.29%. Life Time Group’s quarterly revenue was up 18.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.15 EPS. Analysts anticipate that Life Time Group Holdings, Inc. will post 0.74 EPS for the current year.

Insider Activity at Life Time Group

In other news, CFO Erik Weaver sold 18,000 shares of the firm’s stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $28.74, for a total transaction of $517,320.00. Following the sale, the chief financial officer now directly owns 86,611 shares in the company, valued at $2,489,200.14. This trade represents a 17.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ritadhwaja Jebens Singh sold 134,247 shares of Life Time Group stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $28.80, for a total value 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 approximately $3,835,843.20. This represents a 50.20% decrease in their position. 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. 8.70% of the stock is owned by corporate insiders.

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.