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 trimmed its holdings in Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 27.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. 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 about 0.15% of Life Time Group worth $9,539,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in LTH. Dnca Finance raised its holdings in shares of 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 purchasing an additional 407 shares during the period. Summit Investment Advisors Inc. grew its position in shares of Life Time Group by 12.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 6,478 shares of the company's stock valued at $143,000 after buying an additional 712 shares during the last quarter. Amalgamated Bank raised its stake 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 acquiring an additional 862 shares during the period. Sherbrooke Park Advisers LLC lifted its holdings in Life Time Group by 10.3% in the fourth quarter. Sherbrooke Park Advisers LLC now owns 13,151 shares of the company's stock worth $291,000 after acquiring an additional 1,224 shares during the last quarter. Finally, SG Americas Securities LLC boosted its stake in Life Time Group by 12.4% in the first quarter. SG Americas Securities LLC now owns 11,485 shares of the company's stock valued at $347,000 after acquiring an additional 1,269 shares during the period. Institutional investors and hedge funds own 79.40% of the company's stock.

Life Time Group Price Performance

Life Time Group stock traded down $0.00 during midday trading on Tuesday, hitting $28.94. The company's stock had a trading volume of 2,712,828 shares, compared to its average volume of 2,072,557. Life Time Group Holdings, Inc. has a 12 month low of $20.22 and a 12 month high of $34.99. The company has a quick ratio of 0.31, a current ratio of 0.43 and a debt-to-equity ratio of 0.55. The stock's 50-day moving average price is $29.05 and its 200-day moving average price is $29.54. The company has a market capitalization of $6.35 billion, a PE ratio of 30.14 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 EPS for the quarter, beating analysts' consensus estimates of $0.27 by $0.12. The company had revenue of $706.04 million during the quarter, compared to the consensus estimate of $684.06 million. Life Time Group had a return on equity of 8.29% and a net margin of 7.60%. The company's quarterly revenue was up 18.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.15 EPS. Analysts anticipate that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Life Time Group

In other Life Time Group news, Director John Kristofer Galashan sold 11,655,582 shares of Life Time Group stock in a transaction on 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 completion of the sale, the director owned 29,898,037 shares of the company's stock, valued at $878,404,327.06. This trade represents a 28.05% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director John G. Danhakl sold 11,655,582 shares of the company's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $29.38, for a total transaction of $342,440,999.16. Following the completion of the transaction, the director directly owned 29,898,037 shares in the company, valued at $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. Insiders have sold a total of 23,548,155 shares of company stock valued at $691,624,905 in the last ninety days. Company 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.