Life Time Group Holdings, Inc. $LTH Shares Purchased by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky grew its stake in shares of Life Time Group Holdings, Inc. (NYSE:LTH) by 78.0% during the first quarter, Holdings Channel reports. The firm owned 102,172 shares of the company’s stock after purchasing an additional 44,762 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Life Time Group were worth $2,752,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. GAMMA Investing LLC boosted its holdings in shares of Life Time Group by 144.5% in the 4th 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 stake in Life Time Group during the 3rd quarter worth $40,000. EverSource Wealth Advisors LLC lifted its position in Life Time Group by 201.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,499 shares of the company’s stock valued at $45,000 after acquiring an additional 1,002 shares during the last quarter. Kemnay Advisory Services Inc. purchased a new stake in Life Time Group in the fourth quarter valued at $73,000. Finally, Nisa Investment Advisors LLC boosted its stake in 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 in the last quarter. Hedge funds and other institutional investors own 79.40% of the company’s stock.

Analyst Upgrades and Downgrades

LTH has been the topic of several research reports. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $37.00 price objective on shares of Life Time Group in a report on Wednesday, May 6th. Wells Fargo & Company boosted their target price on Life Time Group from $37.00 to $38.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Royal Bank Of Canada upped their target price on Life Time Group from $38.00 to $43.00 and gave the company an “outperform” rating in a research report on Tuesday, June 2nd. Zacks Research downgraded Life Time Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Finally, Guggenheim lifted their price target on Life Time Group from $36.00 to $41.00 and gave the stock a “buy” rating in a research report on Monday, June 15th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Life Time Group presently has a consensus rating of “Moderate Buy” and an average price target of $44.00.

Life Time Group Stock Up 0.4%

Shares of NYSE:LTH opened at $41.62 on Wednesday. Life Time Group Holdings, Inc. has a 1-year low of $24.14 and a 1-year high of $42.51. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.53 and a quick ratio of 0.42. The stock has a market cap of $9.26 billion, a P/E ratio of 24.34, a P/E/G ratio of 1.71 and a beta of 1.51. The firm has a fifty day moving average price of $35.78 and a 200 day moving average price of $30.46.

Life Time Group (NYSE:LTH) last posted its quarterly earnings data 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 net margin of 12.56% and a return on equity of 10.10%. The company had revenue of $788.70 million for the quarter, compared to analyst estimates of $787.65 million. During the same period in the previous year, the business posted $0.39 earnings per share. Life Time Group’s quarterly revenue was up 11.7% on a year-over-year basis. Sell-side analysts predict that Life Time Group Holdings, Inc. will post 1.48 EPS for the current year.

Insider Buying and Selling

In other Life Time Group news, Director John G. Danhakl sold 4,991,749 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $31.46, for a total transaction of $157,040,423.54. Following the completion of the sale, the director directly owned 16,242,383 shares of the company’s stock, valued at $510,985,369.18. This represents a 23.51% 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, Director John Kristofer Galashan sold 4,991,749 shares of the stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $31.46, for a total value of $157,040,423.54. Following the sale, the director directly owned 16,242,383 shares of the company’s stock, valued at $510,985,369.18. The trade was a 23.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 27,943,861 shares of company stock valued at $857,228,555 over the last quarter. 13.30% of the stock is currently owned by insiders.

Life Time Group Company Profile

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.