Maryland State Retirement & Pension System Invests $596,000 in Life Time Group Holdings, Inc. $LTH

Maryland State Retirement & Pension System purchased a new position in Life Time Group Holdings, Inc. (NYSE:LTH) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 22,138 shares of the company’s stock, valued at approximately $596,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LTH. GAMMA Investing LLC raised its stake in Life Time Group by 144.5% during the fourth quarter. GAMMA Investing LLC now owns 1,220 shares of the company’s stock valued at $32,000 after buying an additional 721 shares during the last quarter. Wexford Capital LP purchased a new stake in shares of Life Time Group in the third quarter worth $40,000. EverSource Wealth Advisors LLC increased its holdings in shares of Life Time Group by 201.6% during 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 in the last quarter. Kemnay Advisory Services Inc. bought a new position in shares of Life Time Group during the fourth quarter valued at $73,000. Finally, Nisa Investment Advisors LLC raised its position in shares of Life Time Group by 74.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,862 shares of the company’s stock worth $76,000 after purchasing an additional 1,225 shares during the last quarter. Institutional investors own 79.40% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Wells Fargo & Company increased their price objective on shares of Life Time Group from $38.00 to $46.00 and gave the company an “overweight” rating in a research report on Thursday. Northland Securities upped their target price on shares of Life Time Group from $43.00 to $48.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 24th. Morgan Stanley upped their target price on shares of Life Time Group from $38.00 to $39.00 and gave the stock an “overweight” rating in a research note on Thursday, May 14th. The Goldman Sachs Group reiterated a “neutral” rating and set a $37.00 price target on shares of Life Time Group in a report on Wednesday, May 6th. Finally, Mizuho boosted their price objective on shares of Life Time Group from $41.00 to $44.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Life Time Group has an average rating of “Moderate Buy” and an average target price of $44.73.

Insider Activity

In other Life Time Group news, major shareholder Partners Group Private Equity sold 747,178 shares of Life Time Group stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $31.46, for a total value of $23,506,219.88. Following the completion of the sale, the insider owned 2,431,203 shares of the company’s stock, valued at approximately $76,485,646.38. The trade was a 23.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John Kristofer Galashan sold 4,991,749 shares of the business’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $31.46, for a total transaction of $157,040,423.54. Following the sale, the director owned 16,242,383 shares of the company’s stock, valued at approximately $510,985,369.18. This represents a 23.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 27,943,861 shares of company stock valued at $857,228,555 over the last three months. Insiders own 13.30% of the company’s stock.

Life Time Group Price Performance

NYSE LTH opened at $42.87 on Friday. Life Time Group Holdings, Inc. has a one year low of $24.14 and a one year high of $43.02. The stock has a 50-day moving average of $36.16 and a 200 day moving average of $30.68. 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 company has a market capitalization of $9.54 billion, a price-to-earnings ratio of 25.07, a PEG ratio of 1.73 and a beta of 1.51.

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

About Life Time Group

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.