California State Teachers Retirement System Grows Stake in Life Time Group Holdings, Inc. (NYSE:LTH)

California State Teachers Retirement System raised its stake in Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 17.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 66,385 shares of the company's stock after acquiring an additional 9,964 shares during the quarter. California State Teachers Retirement System's holdings in Life Time Group were worth $1,468,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LTH. Kapitalo Investimentos Ltda purchased a new position in shares of Life Time Group in the 4th quarter valued at approximately $33,000. Sterling Capital Management LLC raised its position in shares of Life Time Group by 892.6% in the 4th quarter. Sterling Capital Management LLC now owns 2,025 shares of the company's stock valued at $45,000 after purchasing an additional 1,821 shares during the last quarter. Quarry LP raised its position in shares of Life Time Group by 240.4% in the 4th quarter. Quarry LP now owns 2,335 shares of the company's stock valued at $52,000 after purchasing an additional 1,649 shares during the last quarter. Dnca Finance increased its holdings in Life Time Group by 11.9% in the 4th quarter. Dnca Finance now owns 3,830 shares of the company's stock worth $85,000 after buying an additional 407 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new position in Life Time Group in the 4th quarter worth approximately $88,000. 79.40% of the stock is currently owned by hedge funds and other institutional investors.

Life Time Group Trading Up 1.0%

Shares of LTH stock opened at $29.00 on Monday. The stock's fifty day moving average is $30.02 and its two-hundred day moving average is $28.32. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.46 and a current ratio of 0.59. The firm has a market capitalization of $6.36 billion, a P/E ratio of 42.02, a PEG ratio of 0.81 and a beta of 1.75. Life Time Group Holdings, Inc. has a fifty-two week low of $17.27 and a fifty-two week high of $34.99.

Life Time Group (NYSE:LTH - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.39 earnings per share for the quarter, beating analysts' consensus estimates of $0.27 by $0.12. The company had revenue of $706.04 million for the quarter, compared to analyst estimates of $684.06 million. Life Time Group had a return on equity of 6.42% and a net margin of 5.67%. The firm's revenue for the quarter was up 18.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.15 EPS. Research analysts expect that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

LTH has been the topic of several research reports. The Goldman Sachs Group increased their price target on shares of Life Time Group from $22.00 to $32.00 and gave the stock a "neutral" rating in a report on Monday, March 3rd. Evercore ISI set a $38.00 price target on shares of Life Time Group and gave the stock a "buy" rating in a report on Thursday, February 27th. Mizuho raised their price objective on shares of Life Time Group from $38.00 to $41.00 and gave the stock an "outperform" rating in a research note on Wednesday, March 5th. Craig Hallum raised shares of Life Time Group to a "buy" rating and set a $45.00 price objective on the stock in a research note on Friday, May 23rd. Finally, Bank of America set a $40.00 price objective on shares of Life Time Group and gave the stock a "buy" rating in a research note on Monday, March 3rd. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $35.92.

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.

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