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

California State Teachers Retirement System raised its stake in shares of Life Time Group Holdings, Inc. (NYSE:LTH) by 24.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 168,879 shares of the company’s stock after purchasing an additional 33,661 shares during the period. California State Teachers Retirement System’s holdings in Life Time Group were worth $4,550,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of LTH. Wexford Capital LP acquired a new position in Life Time Group during the 3rd quarter worth approximately $40,000. EverSource Wealth Advisors LLC raised its stake in Life Time Group by 201.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,499 shares of the company’s stock worth $45,000 after acquiring an additional 1,002 shares during the period. Kemnay Advisory Services Inc. acquired a new stake in Life Time Group during the fourth quarter worth about $73,000. Phillip James Consulting Co. bought a new position in Life Time Group in the first quarter worth about $91,000. Finally, Steward Partners Investment Advisory LLC lifted its holdings in Life Time Group by 13.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 6,119 shares of the company’s stock worth $163,000 after acquiring an additional 717 shares during the last quarter. Hedge funds and other institutional investors own 79.40% of the company’s stock.

Insider Transactions at Life Time Group

In other news, Director John G. Danhakl sold 3,006,100 shares of the stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $32.51, for a total value of $97,728,311.00. Following the completion of the transaction, the director directly owned 13,236,283 shares of the company’s stock, valued at approximately $430,311,560.33. This represents a 18.51% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Bahram Akradi sold 438,257 shares of Life Time Group stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $45.03, for a total transaction of $19,734,712.71. Following the completion of the transaction, the chief executive officer owned 3,615,086 shares of the company’s stock, valued at $162,787,322.58. This trade represents a 10.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 12,346,029 shares of company stock valued at $396,108,368. Corporate insiders own 13.30% of the company’s stock.

Analyst Ratings Changes

LTH has been the topic of a number of research reports. Mizuho increased their price target on Life Time Group from $63.00 to $64.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. Morgan Stanley boosted their price target 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. Royal Bank Of Canada increased their price objective on shares of Life Time Group from $50.00 to $60.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Weiss Ratings upgraded shares of Life Time Group from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday. Finally, The Goldman Sachs Group started coverage on Life Time Group in a research note on Monday. They set a “buy” rating and a $53.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating and thirteen have issued a Buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $53.77.

Life Time Group Price Performance

NYSE LTH opened at $43.88 on Friday. The company has a quick ratio of 0.56, a current ratio of 0.66 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $9.81 billion, a PE ratio of 23.85, a price-to-earnings-growth ratio of 1.60 and a beta of 1.50. Life Time Group Holdings, Inc. has a 12-month low of $24.14 and a 12-month high of $47.24. The company has a 50 day moving average price of $39.59 and a two-hundred day moving average price of $32.51.

Life Time Group (NYSE:LTH) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.11. The company had revenue of $866.00 million during the quarter, compared to analysts’ expectations of $845.75 million. Life Time Group had a return on equity of 10.56% and a net margin of 13.07%.Life Time Group’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.37 earnings per share. As a group, equities analysts predict that Life Time Group Holdings, Inc. will post 1.57 earnings per share for the current fiscal year.

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.