New York State Common Retirement Fund Has $9.54 Million Stock Position in Life Time Group Holdings, Inc. (NYSE:LTH)

New York State Common Retirement Fund lessened its stake in Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 27.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 315,870 shares of the company's stock after selling 120,152 shares during the period. New York State Common Retirement Fund owned 0.15% of Life Time Group worth $9,539,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Kapitalo Investimentos Ltda purchased a new stake in shares of Life Time Group in the fourth quarter valued at about $33,000. Sterling Capital Management LLC boosted its holdings in shares of Life Time Group by 892.6% in the fourth quarter. Sterling Capital Management LLC now owns 2,025 shares of the company's stock valued at $45,000 after acquiring an additional 1,821 shares in the last quarter. Quarry LP boosted its holdings in Life Time Group by 240.4% during the fourth quarter. Quarry LP now owns 2,335 shares of the company's stock worth $52,000 after buying an additional 1,649 shares in the last quarter. Dnca Finance boosted its holdings in Life Time Group by 11.9% during the fourth quarter. Dnca Finance now owns 3,830 shares of the company's stock worth $85,000 after buying an additional 407 shares in the last quarter. Finally, Amalgamated Bank boosted its holdings in Life Time Group by 42.3% during the first quarter. Amalgamated Bank now owns 2,898 shares of the company's stock worth $88,000 after buying an additional 862 shares in the last quarter. Institutional investors and hedge funds own 79.40% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Guggenheim reaffirmed a "buy" rating and issued a $36.00 price target on shares of Life Time Group in a report on Tuesday, June 24th. Morgan Stanley upped their price target on shares of Life Time Group from $33.00 to $34.00 and gave the company an "equal weight" rating in a report on Friday, May 9th. Finally, Craig Hallum raised shares of Life Time Group to a "buy" rating and set a $45.00 price target on the stock in a report on Friday, May 23rd. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $35.92.

Life Time Group Stock Performance

Shares of Life Time Group stock traded down $0.05 during trading hours on Friday, reaching $30.34. The company's stock had a trading volume of 2,662,150 shares, compared to its average volume of 2,063,938. The company's 50 day simple moving average is $29.05 and its 200 day simple moving average is $29.49. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.31 and a current ratio of 0.43. Life Time Group Holdings, Inc. has a one year low of $20.22 and a one year high of $34.99. The stock has a market cap of $6.66 billion, a P/E ratio of 31.60 and a beta of 1.74.

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 (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.12. The company had revenue of $706.04 million for the quarter, compared to analysts' expectations of $684.06 million. Life Time Group had a net margin of 7.60% and a return on equity of 8.29%. The business's revenue was up 18.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 EPS. As a group, analysts expect that Life Time Group Holdings, Inc. will post 0.74 EPS for the current fiscal year.

Insider Transactions at Life Time Group

In other news, EVP Ritadhwaja Jebens Singh sold 134,247 shares of Life Time Group stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $28.80, for a total transaction of $3,866,313.60. Following the sale, the executive vice president directly owned 133,189 shares in the company, valued at approximately $3,835,843.20. The trade was a 50.20% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John G. Danhakl sold 11,655,582 shares of Life Time Group stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $29.38, for a total transaction of $342,440,999.16. Following the sale, the director owned 29,898,037 shares in the company, valued at approximately $878,404,327.06. This trade represents a 28.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 23,548,155 shares of company stock valued at $691,624,905. Insiders own 8.70% of the company's stock.

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.