New York State Common Retirement Fund Buys 40,718 Shares of Life Time Group Holdings, Inc. $LTH

New York State Common Retirement Fund grew its stake in Life Time Group Holdings, Inc. (NYSE:LTH) by 12.9% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 356,588 shares of the company’s stock after buying an additional 40,718 shares during the period. New York State Common Retirement Fund’s holdings in Life Time Group were worth $10,815,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in LTH. Harbour Investments Inc. purchased a new stake in Life Time Group in the 1st quarter worth approximately $36,000. Nisa Investment Advisors LLC boosted its position in shares of Life Time Group by 98.9% in the second quarter. Nisa Investment Advisors LLC now owns 1,506 shares of the company’s stock worth $46,000 after purchasing an additional 749 shares during the period. IFP Advisors Inc increased its stake in shares of Life Time Group by 10,150.0% in the second quarter. IFP Advisors Inc now owns 1,640 shares of the company’s stock worth $51,000 after purchasing an additional 1,624 shares in the last quarter. Steward Partners Investment Advisory LLC raised its position in shares of Life Time Group by 2,741.7% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,705 shares of the company’s stock valued at $52,000 after purchasing an additional 1,645 shares during the period. Finally, Caitong International Asset Management Co. Ltd raised its position in shares of Life Time Group by 226.5% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,750 shares of the company’s stock valued at $53,000 after purchasing an additional 1,214 shares during the period. 79.40% of the stock is owned by hedge funds and other institutional investors.

Life Time Group Stock Down 0.6%

LTH opened at $26.58 on Friday. The company has a market capitalization of $5.86 billion, a PE ratio of 20.60, a price-to-earnings-growth ratio of 0.85 and a beta of 1.67. The firm has a 50-day simple moving average of $26.08 and a two-hundred day simple moving average of $27.73. The company has a quick ratio of 0.55, a current ratio of 0.67 and a debt-to-equity ratio of 0.50. Life Time Group Holdings, Inc. has a 52 week low of $21.49 and a 52 week high of $34.99.

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. Analysts forecast that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on LTH shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Life Time Group in a research note on Wednesday, October 8th. Morgan Stanley dropped their price objective on Life Time Group from $39.00 to $37.00 and set an “overweight” rating for the company in a research note on Wednesday, November 12th. UBS Group set a $48.00 target price on Life Time Group in a research report on Friday, October 17th. Finally, Zacks Research raised Life Time Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 11th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Life Time Group has a consensus rating of “Moderate Buy” and an average target price of $37.00.

Insider Activity

In related news, CFO Erik Weaver sold 4,846 shares of the firm’s stock in a transaction on Monday, October 13th. The shares were sold at an average price of $25.10, for a total value of $121,634.60. Following the completion of the transaction, the chief financial officer directly owned 81,765 shares of the company’s stock, valued at approximately $2,052,301.50. This trade represents a 5.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John G. Danhakl sold 4,991,976 shares of the business’s stock in a transaction on 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 completion of the sale, the director owned 24,906,061 shares in the company, valued at $721,030,465.95. This represents a 16.70% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 10,971,714 shares of company stock worth $317,397,348. 8.70% of the stock is owned by corporate insiders.

Life Time Group Company 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.