Oregon Public Employees Retirement Fund Takes Position in Life Time Group Holdings, Inc. $LTH

Oregon Public Employees Retirement Fund purchased a new stake in Life Time Group Holdings, Inc. (NYSE:LTH) in the first quarter, Holdings Channel reports. The firm purchased 34,800 shares of the company’s stock, valued at approximately $938,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of LTH. GAMMA Investing LLC increased its holdings in Life Time Group by 144.5% during the 4th quarter. GAMMA Investing LLC now owns 1,220 shares of the company’s stock worth $32,000 after purchasing an additional 721 shares during the period. Wexford Capital LP bought a new stake in Life Time Group during the 3rd quarter valued at $40,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Life Time Group by 201.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,499 shares of the company’s stock worth $45,000 after buying an additional 1,002 shares during the period. Kemnay Advisory Services Inc. purchased a new stake in shares of Life Time Group in the 4th quarter worth $73,000. Finally, Nisa Investment Advisors LLC grew its position in shares of Life Time Group by 74.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,862 shares of the company’s stock worth $76,000 after buying an additional 1,225 shares in the last quarter. Institutional investors own 79.40% of the company’s stock.

Life Time Group Stock Performance

LTH stock opened at $41.46 on Tuesday. Life Time Group Holdings, Inc. has a one year low of $24.14 and a one year high of $42.30. The firm has a market cap of $9.23 billion, a price-to-earnings ratio of 24.25, a PEG ratio of 1.73 and a beta of 1.51. 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 firm has a 50-day simple moving average of $35.53 and a two-hundred day simple moving average of $30.36.

Life Time Group (NYSE:LTH) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 net margin of 12.56% and a return on equity of 10.10%. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.39 EPS. On average, equities analysts forecast that Life Time Group Holdings, Inc. will post 1.48 EPS for the current fiscal year.

Insider Buying and Selling

In other news, major shareholder Partners Group Private Equity sold 329,921 shares of the stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $28.60, for a total transaction of $9,435,740.60. Following the completion of the sale, the insider owned 1,651,322 shares in the company, valued at approximately $47,227,809.20. This represents a 16.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John Kristofer Galashan sold 2,208,580 shares of the firm’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $28.60, for a total value of $63,165,388.00. Following the completion of the sale, the director directly owned 11,027,703 shares of the company’s stock, valued at $315,392,305.80. The trade was a 16.69% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 27,943,861 shares of company stock valued at $857,228,555 over the last quarter. Insiders own 13.30% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on LTH shares. Oppenheimer raised their price target on Life Time Group from $43.00 to $60.00 and gave the company an “outperform” rating in a research note on Thursday, June 25th. Wells Fargo & Company increased their target price on shares of Life Time Group from $37.00 to $38.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Northland Securities raised their target price on shares of Life Time Group from $43.00 to $48.00 and gave the company an “outperform” rating in a research report on Wednesday, June 24th. Guggenheim boosted their price target on shares of Life Time Group from $36.00 to $41.00 and gave the company a “buy” rating in a report on Monday, June 15th. Finally, Zacks Research cut shares of Life Time Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $44.00.

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.