Teachers Retirement System of The State of Kentucky Invests $1.47 Million in Life Time Group Holdings, Inc. $LTH

Teachers Retirement System of The State of Kentucky acquired a new position in shares of Life Time Group Holdings, Inc. (NYSE:LTH) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 53,308 shares of the company’s stock, valued at approximately $1,471,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LTH. EverSource Wealth Advisors LLC grew its holdings in Life Time Group by 201.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,499 shares of the company’s stock worth $45,000 after acquiring an additional 1,002 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in Life Time Group by 98.9% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,506 shares of the company’s stock valued at $46,000 after purchasing an additional 749 shares during the period. Steward Partners Investment Advisory LLC raised its position in 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 last quarter. Asset Management One Co. Ltd. bought a new stake in shares of Life Time Group in the 3rd quarter worth approximately $69,000. Finally, SBI Securities Co. Ltd. increased its stake in shares of Life Time Group by 19.6% during the third quarter. SBI Securities Co. Ltd. now owns 4,222 shares of the company’s stock valued at $117,000 after buying an additional 693 shares during the period. 79.40% of the stock is currently owned by institutional investors.

Life Time Group Price Performance

NYSE LTH opened at $26.11 on Friday. The company has a market capitalization of $5.79 billion, a price-to-earnings ratio of 15.73, a PEG ratio of 1.17 and a beta of 1.69. The stock has a 50-day moving average of $28.09 and a 200 day moving average of $27.23. Life Time Group Holdings, Inc. has a one year low of $24.14 and a one year high of $34.99. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.52 and a current ratio of 0.63.

Life Time Group (NYSE:LTH) last posted its earnings results on Tuesday, February 24th. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.01. The business had revenue of $745.10 million during the quarter, compared to the consensus estimate of $740.09 million. Life Time Group had a net margin of 12.51% and a return on equity of 10.20%. The firm’s revenue was up 12.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.27 EPS. On average, sell-side analysts forecast that Life Time Group Holdings, Inc. will post 0.74 EPS for the current year.

Wall Street Analyst Weigh In

LTH has been the topic of several recent analyst reports. Guggenheim reiterated a “buy” rating and issued a $36.00 price target on shares of Life Time Group in a report on Friday, January 23rd. Northland Securities set a $42.00 target price on shares of Life Time Group in a research note on Friday, January 23rd. Weiss Ratings reissued a “hold (c+)” rating on shares of Life Time Group in a research note on Thursday, January 22nd. Zacks Research raised Life Time Group from a “strong sell” rating to a “hold” rating in a research report on Monday. Finally, Morgan Stanley upped their target price on Life Time Group from $37.00 to $38.00 and gave the stock an “overweight” rating in a report on Monday, February 23rd. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $39.50.

Insider Activity

In other Life Time Group news, CFO Erik Weaver sold 1,493 shares of the business’s stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $29.90, for a total transaction of $44,640.70. Following the completion of the sale, the chief financial officer directly owned 77,771 shares in the company, valued at $2,325,352.90. The trade was a 1.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Ritadhwaja Jebens Singh sold 12,088 shares of the stock in a transaction that occurred on Friday, January 23rd. The stock was sold at an average price of $29.75, for a total transaction of $359,618.00. Following the completion of the transaction, the executive vice president owned 110,967 shares in the company, valued at $3,301,268.25. The trade was a 9.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 20,790 shares of company stock worth $616,677 over the last three months. Insiders own 8.70% of the company’s stock.

Life Time Group Company Profile

Life Time Group (NYSE: LTH) is a premier operator of health, fitness and lifestyle centers across North America. The company’s core business encompasses the development, ownership and management of premium athletic resorts that integrate state-of-the-art fitness facilities, group exercise studios, indoor and outdoor pools, running tracks, and spa and salon services. In addition to its brick-and-mortar clubs, Life Time offers a digital platform featuring on-demand and live-streamed workouts, personalized training programs and nutrition guidance, enabling members to pursue their wellness goals both at home and on the go.

Founded in 1992 and headquartered in Chanhassen, Minnesota, Life Time has grown from a single Minnesota health club into a network of more than 160 locations across the United States and Canada.