Louisiana State Employees Retirement System Purchases Shares of 67,500 Life Time Group Holdings, Inc. $LTH

Louisiana State Employees Retirement System bought a new position in shares of Life Time Group Holdings, Inc. (NYSE:LTHFree Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 67,500 shares of the company’s stock, valued at approximately $1,818,000.

A number of other large investors have also recently bought and sold shares of the company. BlueCrest Capital Management Ltd acquired a new stake in shares of Life Time Group in the third quarter worth $8,280,000. Quantbot Technologies LP purchased a new position in shares of Life Time Group during the 3rd quarter valued at about $3,472,000. TD Asset Management Inc boosted its stake in shares of Life Time Group by 158.1% in the third quarter. TD Asset Management Inc now owns 76,436 shares of the company’s stock worth $2,110,000 after buying an additional 46,822 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Life Time Group by 9.9% during the third quarter. Dimensional Fund Advisors LP now owns 5,959,990 shares of the company’s stock worth $164,504,000 after acquiring an additional 537,121 shares during the period. Finally, Thrivent Financial for Lutherans acquired a new stake in Life Time Group during the fourth quarter worth about $41,721,000. Hedge funds and other institutional investors own 79.40% of the company’s stock.

Wall Street Analysts Forecast Growth

LTH has been the topic of several recent research reports. Mizuho raised their price objective on shares of Life Time Group from $41.00 to $44.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. Oppenheimer boosted their target price on shares of Life Time Group from $43.00 to $60.00 and gave the company an “outperform” rating in a research note on Thursday, June 25th. Zacks Research downgraded shares of Life Time Group from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Wells Fargo & Company lifted their price objective on shares of Life Time Group from $37.00 to $38.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Finally, Morgan Stanley lifted their price objective on shares of Life Time Group from $38.00 to $39.00 and gave the company an “overweight” rating in a report on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $44.00.

Check Out Our Latest Analysis on Life Time Group

Insider Buying and Selling

In other Life Time Group news, EVP Ritadhwaja Jebens Singh sold 67,751 shares of the stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $38.65, for a total transaction of $2,618,576.15. Following the completion of the transaction, the executive vice president owned 138,351 shares of the company’s stock, valued at $5,347,266.15. This represents a 32.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jimena Almendares sold 40,589 shares of the firm’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $33.59, for a total value of $1,363,384.51. Following the completion of the transaction, the director owned 36,983 shares in the company, valued at $1,242,258.97. The trade was a 52.32% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 27,943,861 shares of company stock worth $857,228,555 in the last quarter. 13.30% of the stock is owned by insiders.

Life Time Group Stock Performance

NYSE:LTH opened at $40.78 on Wednesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.42 and a current ratio of 0.53. The company has a fifty day moving average of $32.99 and a two-hundred day moving average of $29.41. The stock has a market capitalization of $9.08 billion, a PE ratio of 23.85, a P/E/G ratio of 1.70 and a beta of 1.55. Life Time Group Holdings, Inc. has a fifty-two week low of $24.14 and a fifty-two week high of $41.79.

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

Life Time Group Profile

(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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