Arizona State Retirement System Increases Stake in Life Time Group Holdings, Inc. (NYSE:LTH)

Arizona State Retirement System lifted its stake in shares of Life Time Group Holdings, Inc. (NYSE:LTH) by 33.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,832 shares of the company’s stock after acquiring an additional 7,004 shares during the period. Arizona State Retirement System’s holdings in Life Time Group were worth $841,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of LTH. Raymond James Financial Inc. purchased a new position in Life Time Group in the fourth quarter valued at approximately $307,000. Amundi raised its holdings in Life Time Group by 76.5% in the fourth quarter. Amundi now owns 5,046 shares of the company’s stock valued at $119,000 after buying an additional 2,187 shares during the period. Swiss National Bank raised its holdings in Life Time Group by 21.2% in the fourth quarter. Swiss National Bank now owns 141,200 shares of the company’s stock valued at $3,123,000 after buying an additional 24,700 shares during the period. Natixis Advisors LLC raised its holdings in Life Time Group by 4.7% in the fourth quarter. Natixis Advisors LLC now owns 35,974 shares of the company’s stock valued at $796,000 after buying an additional 1,631 shares during the period. Finally, Summit Global Investments purchased a new position in Life Time Group in the fourth quarter valued at approximately $480,000. Hedge funds and other institutional investors own 79.40% of the company’s stock.

Life Time Group Stock Down 0.2%

LTH stock opened at $30.34 on Monday. Life Time Group Holdings, Inc. has a twelve month low of $20.22 and a twelve month high of $34.99. The company has a current ratio of 0.43, a quick ratio of 0.31 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $6.66 billion, a P/E ratio of 31.60 and a beta of 1.74. The firm has a 50 day simple moving average of $29.05 and a 200-day simple moving average of $29.54.

Life Time Group (NYSE:LTH) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.12. The business had revenue of $706.04 million during the quarter, compared to the consensus estimate of $684.06 million. Life Time Group had a net margin of 7.60% and a return on equity of 8.29%. The business’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.15 earnings per share. On average, equities research analysts predict that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently commented on LTH. Guggenheim restated a “buy” rating and issued a $36.00 price target on shares of Life Time Group in a report on Tuesday, June 24th. Craig Hallum upgraded shares of Life Time Group to a “buy” rating and set a $45.00 price objective on the stock in a research note on Friday, May 23rd. Finally, Morgan Stanley lifted their price objective on shares of Life Time Group from $33.00 to $34.00 and gave the company an “equal weight” rating in a research note on Friday, May 9th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $35.92.

Insider Transactions at Life Time Group

In other Life Time Group news, EVP Parham Javaheri sold 84,744 shares of Life Time Group stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $27.84, for a total value of $2,359,272.96. Following the completion of the transaction, the executive vice president owned 249,526 shares of the company’s stock, valued at $6,946,803.84. The trade was a 25.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Ritadhwaja Jebens Singh sold 134,247 shares of Life Time Group stock in a transaction on Friday, June 6th. The stock was sold at an average price of $28.80, for a total transaction of $3,866,313.60. Following the completion of the transaction, the executive vice president directly owned 133,189 shares of the company’s stock, valued at approximately $3,835,843.20. This represents a 50.20% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,548,155 shares of company stock valued at $691,624,905 over the last quarter. Insiders own 8.70% of the company’s stock.

Life Time Group Profile

Life Time Group Holdings, Inc provides health, fitness, and wellness experiences to a community of individual members in the United States and Canada. It primarily engages in designing, building, and operating of sports and athletic, professional fitness, family recreation, and spa centers in a resort-like environment, principally in suburban and urban locations of metropolitan areas.