State of New Jersey Common Pension Fund D Takes Position in Life Time Group Holdings, Inc. $LTH

State of New Jersey Common Pension Fund D purchased a new stake in shares of Life Time Group Holdings, Inc. (NYSE:LTH) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 65,397 shares of the company’s stock, valued at approximately $1,983,000.

Several other large investors have also made changes to their positions in LTH. Vanguard Group Inc. lifted its stake in Life Time Group by 32.2% in the first quarter. Vanguard Group Inc. now owns 9,365,193 shares of the company’s stock valued at $282,829,000 after buying an additional 2,282,007 shares during the period. Ameriprise Financial Inc. lifted its stake in Life Time Group by 1,729.3% in the first quarter. Ameriprise Financial Inc. now owns 5,066,245 shares of the company’s stock valued at $154,547,000 after buying an additional 4,789,288 shares during the period. Driehaus Capital Management LLC lifted its stake in Life Time Group by 7.1% in the first quarter. Driehaus Capital Management LLC now owns 3,166,786 shares of the company’s stock valued at $95,637,000 after buying an additional 211,117 shares during the period. Goldman Sachs Group Inc. lifted its stake in Life Time Group by 143.7% in the first quarter. Goldman Sachs Group Inc. now owns 2,422,304 shares of the company’s stock valued at $73,154,000 after buying an additional 1,428,446 shares during the period. Finally, Fuller & Thaler Asset Management Inc. lifted its stake in Life Time Group by 29.1% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 2,389,597 shares of the company’s stock valued at $72,166,000 after buying an additional 539,294 shares during the period. Institutional investors and hedge funds own 79.40% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Life Time Group in a research note on Wednesday, October 8th. Morgan Stanley raised Life Time Group from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $34.00 to $39.00 in a research note on Monday. UBS Group set a $48.00 target price on Life Time Group in a research note on Friday, October 17th. Finally, Wall Street Zen lowered Life Time Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Ten analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $37.14.

Insider Buying and Selling

In related news, CFO Erik Weaver sold 4,846 shares of Life Time Group stock in a transaction that occurred on Monday, October 13th. The stock was sold at an average price of $25.10, for a total transaction of $121,634.60. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Partners Group Private Equity sold 745,707 shares of Life Time Group stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $28.95, for a total value of $21,588,217.65. Following the sale, the insider directly owned 3,720,500 shares of the company’s stock, valued at approximately $107,708,475. The trade was a 16.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 10,743,880 shares of company stock valued at $311,008,231. Insiders own 8.70% of the company’s stock.

Life Time Group Stock Down 1.9%

NYSE:LTH opened at $24.56 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.53 and a current ratio of 0.65. The company has a market cap of $5.40 billion, a PE ratio of 24.08 and a beta of 1.70. Life Time Group Holdings, Inc. has a 52-week low of $21.49 and a 52-week high of $34.99. The stock has a 50-day simple moving average of $27.23 and a 200 day simple moving average of $28.57.

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

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.