Public Employees Retirement System of Ohio Reduces Holdings in Life Time Group Holdings, Inc. $LTH

Public Employees Retirement System of Ohio trimmed its position in shares of Life Time Group Holdings, Inc. (NYSE:LTH) by 49.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 32,377 shares of the company’s stock after selling 31,878 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Life Time Group were worth $982,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Moody National Bank Trust Division increased its position in shares of Life Time Group by 12.1% during the second quarter. Moody National Bank Trust Division now owns 112,501 shares of the company’s stock worth $3,412,000 after purchasing an additional 12,178 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Life Time Group by 41.5% during the first quarter. Bank of New York Mellon Corp now owns 311,226 shares of the company’s stock worth $9,399,000 after purchasing an additional 91,311 shares in the last quarter. Integrity Alliance LLC. purchased a new stake in Life Time Group in the 1st quarter valued at $305,000. Millennium Management LLC grew its holdings in Life Time Group by 65.7% in the 1st quarter. Millennium Management LLC now owns 2,038,781 shares of the company’s stock valued at $61,571,000 after buying an additional 808,715 shares in the last quarter. Finally, EFG Asset Management North America Corp. purchased a new stake in Life Time Group in the 1st quarter valued at $1,041,000. 79.40% of the stock is currently owned by hedge funds and other institutional investors.

Life Time Group Price Performance

LTH opened at $27.23 on Friday. The stock’s 50-day moving average price is $28.08 and its 200 day moving average price is $29.18. Life Time Group Holdings, Inc. has a 12-month low of $21.49 and a 12-month high of $34.99. The company has a current ratio of 0.65, a quick ratio of 0.53 and a debt-to-equity ratio of 0.52. The firm has a market cap of $5.99 billion, a price-to-earnings ratio of 26.70 and a beta of 1.70.

Life Time Group (NYSE:LTH) last posted its earnings results on Tuesday, August 5th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.04. Life Time Group had a return on equity of 9.05% and a net margin of 8.03%.The firm had revenue of $761.47 million for the quarter, compared to analyst estimates of $752.33 million. During the same quarter in the prior year, the company earned $0.26 EPS. Life Time Group’s revenue was up 14.0% on a year-over-year basis. Life Time Group has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Guggenheim restated a “buy” rating and issued a $36.00 target price on shares of Life Time Group in a report on Tuesday, June 24th. Weiss Ratings restated a “hold (c+)” rating on shares of Life Time Group in a report on Saturday, September 27th. Finally, Wall Street Zen cut Life Time Group from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. Eight research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $35.92.

Insider Buying and Selling

In other Life Time Group news, Director John G. Danhakl sold 4,991,976 shares of the stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $28.95, for a total value of $144,517,705.20. Following the sale, the director owned 24,906,061 shares of the company’s stock, valued at $721,030,465.95. This trade represents a 16.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Partners Group Private Equity sold 745,707 shares of the stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $28.95, for a total value of $21,588,217.65. Following the completion of the sale, the insider directly owned 3,720,500 shares in the company, valued at $107,708,475. This represents a 16.70% decrease in their position. The disclosure for this sale can be found here. Insiders sold 10,739,034 shares of company stock worth $310,886,597 over the last 90 days. 8.70% of the stock is currently owned by company insiders.

About Life Time Group

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.