53,308 Shares in Life Time Group Holdings, Inc. $LTH Bought by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky purchased a new position in Life Time Group Holdings, Inc. (NYSE:LTH) in the third quarter, Holdings Channel.com reports. The firm purchased 53,308 shares of the company’s stock, valued at approximately $1,471,000.

Several other large investors have also made changes to their positions in LTH. EverSource Wealth Advisors LLC boosted its stake in shares of Life Time Group by 201.6% in 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. Nisa Investment Advisors LLC grew its stake in Life Time Group by 98.9% during the second quarter. Nisa Investment Advisors LLC now owns 1,506 shares of the company’s stock valued at $46,000 after acquiring an additional 749 shares in the last quarter. Steward Partners Investment Advisory LLC increased its holdings in Life Time Group by 2,741.7% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,705 shares of the company’s stock valued at $52,000 after acquiring an additional 1,645 shares during the last quarter. Asset Management One Co. Ltd. purchased a new stake in Life Time Group in the 3rd quarter worth $69,000. Finally, SBI Securities Co. Ltd. boosted its holdings in shares of Life Time Group by 19.6% during the 3rd quarter. SBI Securities Co. Ltd. now owns 4,222 shares of the company’s stock valued at $117,000 after purchasing an additional 693 shares during the last quarter. 79.40% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LTH has been the subject of a number of research reports. Zacks Research raised Life Time Group from a “strong sell” rating to a “hold” rating in a research note on Monday. Morgan Stanley upped their price target on shares of Life Time Group from $37.00 to $38.00 and gave the company an “overweight” rating in a research note on Monday, February 23rd. Weiss Ratings reissued a “hold (c+)” rating on shares of Life Time Group in a research note on Thursday, January 22nd. Northland Securities set a $42.00 target price on shares of Life Time Group in a report on Friday, January 23rd. Finally, Guggenheim reaffirmed a “buy” rating and issued a $36.00 price target on shares of Life Time Group in a report on Friday, January 23rd. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Life Time Group currently has an average rating of “Moderate Buy” and an average price target of $39.50.

Life Time Group Trading Down 0.6%

Shares of LTH opened at $26.11 on Friday. The company’s fifty day simple moving average is $28.09 and its 200-day simple moving average is $27.23. The company has a market cap of $5.79 billion, a P/E ratio of 15.73, a P/E/G ratio of 1.17 and a beta of 1.69. The company has a current ratio of 0.63, a quick ratio of 0.52 and a debt-to-equity ratio of 0.48. Life Time Group Holdings, Inc. has a twelve month low of $24.14 and a twelve month high of $34.99.

Life Time Group (NYSE:LTH) last posted its quarterly earnings data on Tuesday, February 24th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.01. Life Time Group had a net margin of 12.51% and a return on equity of 10.20%. The company had revenue of $745.10 million for the quarter, compared to analyst estimates of $740.09 million. During the same period in the prior year, the company posted $0.27 EPS. The firm’s revenue for the quarter was up 12.3% on a year-over-year basis. As a group, analysts expect that Life Time Group Holdings, Inc. will post 0.74 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Erik Weaver sold 1,493 shares of Life Time Group stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $29.90, for a total transaction of $44,640.70. Following the completion of the sale, the chief financial officer owned 77,771 shares in the company, valued at $2,325,352.90. This trade represents a 1.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Ritadhwaja Jebens Singh sold 12,088 shares of the company’s stock in a transaction dated Friday, January 23rd. The stock was sold at an average price of $29.75, for a total transaction of $359,618.00. Following the completion of the transaction, the executive vice president owned 110,967 shares in the company, valued at $3,301,268.25. This represents a 9.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 20,790 shares of company stock valued at $616,677. 8.70% of the stock is owned by company 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.