Police & Firemen s Retirement System of New Jersey Grows Stock Position in Life Time Group Holdings, Inc. $LTH

Police & Firemen s Retirement System of New Jersey increased its stake in shares of Life Time Group Holdings, Inc. (NYSE:LTH) by 69.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 30,762 shares of the company’s stock after purchasing an additional 12,655 shares during the quarter. Police & Firemen s Retirement System of New Jersey’s holdings in Life Time Group were worth $933,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of LTH. Geode Capital Management LLC raised its position in Life Time Group by 42.7% during the 2nd quarter. Geode Capital Management LLC now owns 2,980,851 shares of the company’s stock worth $90,420,000 after buying an additional 892,338 shares during the last quarter. ProShare Advisors LLC increased its stake in shares of Life Time Group by 53.0% during the second quarter. ProShare Advisors LLC now owns 27,851 shares of the company’s stock worth $845,000 after acquiring an additional 9,649 shares during the period. Zions Bancorporation National Association UT raised its holdings in Life Time Group by 1.6% during the second quarter. Zions Bancorporation National Association UT now owns 43,570 shares of the company’s stock worth $1,321,000 after purchasing an additional 699 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in Life Time Group during the second quarter worth about $312,000. Finally, Summit Investment Advisors Inc. lifted its position in Life Time Group by 33.2% in the first quarter. Summit Investment Advisors Inc. now owns 8,628 shares of the company’s stock valued at $261,000 after purchasing an additional 2,150 shares during the period. 79.40% of the stock is currently owned by hedge funds and other institutional investors.

Life Time Group Stock Performance

NYSE LTH opened at $25.78 on Friday. Life Time Group Holdings, Inc. has a 1-year low of $21.49 and a 1-year high of $34.99. The company has a market capitalization of $5.68 billion, a P/E ratio of 19.98, a PEG ratio of 0.82 and a beta of 1.68. The business has a 50 day moving average price of $26.23 and a 200 day moving average price of $27.88. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.67 and a quick ratio of 0.55.

Life Time Group (NYSE:LTH) last posted its earnings results on Tuesday, November 4th. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.07. Life Time Group had a return on equity of 9.75% and a net margin of 9.91%.The company had revenue of $782.65 million for the quarter, compared to the consensus estimate of $770.93 million. Life Time Group has set its FY 2025 guidance at EPS. Sell-side analysts expect that Life Time Group Holdings, Inc. will post 0.74 EPS for the current fiscal year.

Insider Transactions at Life Time Group

In other Life Time Group news, CFO Erik Weaver sold 4,846 shares of the firm’s stock in a transaction dated Monday, October 13th. The shares were sold at an average price of $25.10, for a total transaction of $121,634.60. Following the completion of the transaction, the chief financial officer directly owned 81,765 shares in the company, valued at approximately $2,052,301.50. This trade represents a 5.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John G. Danhakl sold 4,991,976 shares of Life Time Group stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $28.95, for a total transaction of $144,517,705.20. Following the transaction, the director owned 24,906,061 shares of the company’s stock, valued at approximately $721,030,465.95. The trade was a 16.70% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 10,743,880 shares of company stock worth $311,008,231 in the last 90 days. Insiders own 8.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on LTH. Zacks Research upgraded Life Time Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 11th. Morgan Stanley decreased their price target on Life Time Group from $39.00 to $37.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 12th. Wall Street Zen cut Life Time Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Weiss Ratings reissued a “hold (c+)” rating on shares of Life Time Group in a report on Wednesday, October 8th. Finally, UBS Group set a $48.00 target price on shares of Life Time Group in a research report on Friday, October 17th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $37.00.

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.