65,397 Shares in Life Time Group Holdings, Inc. $LTH Acquired by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D bought a new position in Life Time Group Holdings, Inc. (NYSE:LTH) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 65,397 shares of the company’s stock, valued at approximately $1,983,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in LTH. Oppenheimer & Co. Inc. acquired a new position in shares of Life Time Group in the 1st quarter valued at $205,000. KBC Group NV acquired a new position in shares of Life Time Group in the 1st quarter valued at $121,000. Amalgamated Bank boosted its position in shares of Life Time Group by 42.3% in the 1st quarter. Amalgamated Bank now owns 2,898 shares of the company’s stock valued at $88,000 after purchasing an additional 862 shares during the period. Teacher Retirement System of Texas acquired a new position in shares of Life Time Group in the 1st quarter valued at $422,000. Finally, Calamos Advisors LLC acquired a new position in shares of Life Time Group in the 1st quarter valued at $1,181,000. 79.40% of the stock is currently owned by institutional investors.

Life Time Group Price Performance

Shares of Life Time Group stock opened at $24.56 on Friday. The firm has a fifty day simple moving average of $27.23 and a 200-day simple moving average of $28.57. The company has a current ratio of 0.65, a quick ratio of 0.53 and a debt-to-equity ratio of 0.52. Life Time Group Holdings, Inc. has a 1-year low of $21.49 and a 1-year high of $34.99. The stock has a market capitalization of $5.40 billion, a price-to-earnings ratio of 24.08 and a beta of 1.70.

Life Time Group (NYSE:LTH) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.33 by $0.04. The company had revenue of $761.47 million for the quarter, compared to the consensus estimate of $752.33 million. Life Time Group had a return on equity of 9.05% and a net margin of 8.03%.The company’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.26 EPS. Life Time Group has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on LTH. Wall Street Zen lowered Life Time Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. UBS Group set a $48.00 price objective on shares of Life Time Group in a research report on Friday, October 17th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Life Time Group in a research report on Wednesday, October 8th. Finally, Morgan Stanley raised shares of Life Time Group from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $34.00 to $39.00 in a research report on Monday. Ten analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Life Time Group presently has a consensus rating of “Moderate Buy” and an average price target of $37.14.

Insider Transactions at Life Time Group

In other Life Time Group news, Director John Kristofer Galashan sold 4,991,976 shares of the firm’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $28.95, for a total transaction of $144,517,705.20. Following the completion of the transaction, the director owned 24,906,061 shares in the company, valued at $721,030,465.95. This trade represents a 16.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Partners Group Private Equity sold 745,707 shares of the company’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $28.95, for a total value of $21,588,217.65. Following the completion of the sale, the insider owned 3,720,500 shares in the company, valued at $107,708,475. This trade represents a 16.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 10,743,880 shares of company stock worth $311,008,231. 8.70% of the stock is currently owned by company 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.