Life Time Group Holdings, Inc. $LTH Shares Bought by California State Teachers Retirement System

Key Points

• California State Teachers Retirement System increased its Life Time Group stake by 24.9% in the first quarter to 168,879 shares valued at approximately $4.55 million. Institutional investors collectively own 79.4% of the company.
• Life Time Group reported strong quarterly results, with EPS of $0.48 versus the $0.37 consensus and revenue of $866 million, up 13.7% year over year. Analysts maintain a consensus “Buy” rating with an average price target of $53.77.
• Insiders sold significant holdings, including executives Parham Javaheri and Eric J. Buss, while insiders sold 12.35 million shares worth about $396.1 million over the past 90 days. LTH opened at $43.88, near its 52-week high of $47.24.

California State Teachers Retirement System raised its holdings in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 24.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 168,879 shares of the company's stock after acquiring an additional 33,661 shares during the period. California State Teachers Retirement System owned approximately 0.08% of Life Time Group worth $4,550,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in LTH. Wexford Capital LP acquired a new position in shares of Life Time Group in the 3rd quarter valued at about $40,000. EverSource Wealth Advisors LLC increased its holdings in Life Time Group by 201.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,499 shares of the company's stock valued at $45,000 after buying an additional 1,002 shares in the last quarter. Kemnay Advisory Services Inc. purchased a new position in Life Time Group in the fourth quarter valued at $73,000. Phillip James Consulting Co. purchased a new position in shares of Life Time Group in the 1st quarter valued at about $91,000. Finally, Steward Partners Investment Advisory LLC boosted its position in Life Time Group by 13.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 6,119 shares of the company's stock worth $163,000 after purchasing an additional 717 shares in the last quarter. 79.40% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Life Time Group

In other news, EVP Parham Javaheri sold 63,203 shares of the company's stock in a transaction on Friday, July 31st. The shares were sold at an average price of $45.09, for a total transaction of $2,849,823.27. Following the transaction, the executive vice president directly owned 183,371 shares of the company's stock, valued at $8,268,198.39. This represents a 25.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Eric J. Buss sold 479,240 shares of the business's stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $44.97, for a total value of $21,551,422.80. Following the sale, the executive vice president directly owned 474,008 shares in the company, valued at $21,316,139.76. This trade represents a 50.27% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 12,346,029 shares of company stock worth $396,108,368. 13.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

LTH has been the subject of several research analyst reports. Weiss Ratings raised Life Time Group from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday. Morgan Stanley lifted their price target on Life Time Group from $38.00 to $39.00 and gave the stock an "overweight" rating in a research note on Thursday, May 14th. The Goldman Sachs Group initiated coverage on Life Time Group in a research report on Monday. They set a "buy" rating and a $53.00 price target for the company. Jefferies Financial Group raised their price target on shares of Life Time Group from $41.00 to $51.00 and gave the stock a "buy" rating in a research note on Monday, June 29th. Finally, Bank of America reaffirmed a "buy" rating and set a $51.00 price objective on shares of Life Time Group in a research note on Friday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating and thirteen have issued a Buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $53.77.

Life Time Group Stock Performance

NYSE LTH opened at $43.88 on Friday. The company has a fifty day moving average of $39.59 and a two-hundred day moving average of $32.51. The company has a market capitalization of $9.81 billion, a PE ratio of 23.85, a P/E/G ratio of 1.60 and a beta of 1.50. Life Time Group Holdings, Inc. has a 1 year low of $24.14 and a 1 year high of $47.24. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.66 and a quick ratio of 0.56.

Life Time Group (NYSE:LTH - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.37 by $0.11. Life Time Group had a net margin of 13.07% and a return on equity of 10.56%. The firm had revenue of $866.00 million during the quarter, compared to the consensus estimate of $845.75 million. During the same quarter in the prior year, the firm earned $0.37 EPS. Life Time Group's revenue for the quarter was up 13.7% on a year-over-year basis. As a group, analysts expect that Life Time Group Holdings, Inc. will post 1.57 earnings per share for the current year.

About Life Time Group

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.

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