Commonwealth of Pennsylvania Public School Empls Retrmt SYS Buys New Holdings in Life Time Group Holdings, Inc. $LTH

Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in Life Time Group Holdings, Inc. (NYSE:LTH) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 37,627 shares of the company’s stock, valued at approximately $1,014,000.

Other large investors also recently bought and sold shares of the company. Fifth Third Bancorp purchased a new position in shares of Life Time Group in the first quarter worth about $4,955,000. U S Global Investors Inc. increased its stake in Life Time Group by 22.3% during the first quarter. U S Global Investors Inc. now owns 41,100 shares of the company’s stock worth $1,107,000 after purchasing an additional 7,500 shares during the period. Oregon Public Employees Retirement Fund acquired a new position in Life Time Group during the 1st quarter worth $938,000. Abel Hall LLC purchased a new position in Life Time Group in the first quarter worth approximately $249,000. Finally, Louisiana State Employees Retirement System acquired a new position in shares of Life Time Group during the 1st quarter worth about $1,818,000. Institutional investors and hedge funds own 79.40% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on LTH. Wells Fargo & Company boosted their target price on Life Time Group from $38.00 to $46.00 and gave the stock an “overweight” rating in a research note on Thursday. Zacks Research cut shares of Life Time Group from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. The Goldman Sachs Group restated a “neutral” rating and set a $37.00 price objective on shares of Life Time Group in a research report on Wednesday, May 6th. Morgan Stanley lifted their target price on Life Time Group from $38.00 to $39.00 and gave the stock an “overweight” rating in a research report on Thursday, May 14th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Life Time Group in a research note on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Life Time Group currently has an average rating of “Moderate Buy” and a consensus target price of $44.73.

Life Time Group Trading Down 1.7%

NYSE LTH opened at $42.13 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.42 and a current ratio of 0.53. Life Time Group Holdings, Inc. has a one year low of $24.14 and a one year high of $43.40. The company has a 50-day simple moving average of $36.36 and a 200-day simple moving average of $30.76. The firm has a market capitalization of $9.38 billion, a PE ratio of 24.64, a price-to-earnings-growth ratio of 1.77 and a beta of 1.51.

Life Time Group (NYSE:LTH) last announced its earnings results on Tuesday, May 5th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.03. The firm had revenue of $788.70 million for the quarter, compared to the consensus estimate of $787.65 million. Life Time Group had a return on equity of 10.10% and a net margin of 12.56%.The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.39 EPS. On average, equities analysts forecast that Life Time Group Holdings, Inc. will post 1.48 earnings per share for the current year.

Insider Activity at Life Time Group

In related news, Director John Kristofer Galashan sold 4,991,749 shares of the firm’s stock in a transaction 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 completion of the transaction, the director directly owned 16,242,383 shares of the company’s stock, valued at $510,985,369.18. This trade represents a 23.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John G. Danhakl sold 4,991,749 shares of Life Time Group stock in a transaction 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 completion of the transaction, the director owned 16,242,383 shares of the company’s stock, valued at approximately $510,985,369.18. The trade was a 23.51% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 27,943,861 shares of company stock valued at $857,228,555. Company insiders own 13.30% of the company’s stock.

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.