State of Wyoming Acquires 10,896 Shares of Life Time Group Holdings, Inc. (NYSE:LTH)

State of Wyoming boosted its stake in Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 151.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 18,076 shares of the company's stock after buying an additional 10,896 shares during the period. State of Wyoming's holdings in Life Time Group were worth $400,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of LTH. Franklin Resources Inc. bought a new position in Life Time Group during the 3rd quarter worth $593,000. Burns Matteson Capital Management LLC acquired a new position in shares of Life Time Group in the fourth quarter valued at about $331,000. Braun Stacey Associates Inc. increased its position in Life Time Group by 2.0% during the fourth quarter. Braun Stacey Associates Inc. now owns 867,132 shares of the company's stock worth $19,181,000 after acquiring an additional 17,340 shares during the period. Precision Wealth Strategies LLC bought a new position in Life Time Group during the fourth quarter worth about $387,000. Finally, Rhumbline Advisers raised its stake in Life Time Group by 1.2% in the 4th quarter. Rhumbline Advisers now owns 91,572 shares of the company's stock worth $2,026,000 after purchasing an additional 1,075 shares in the last quarter. 79.40% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on LTH. Morgan Stanley increased their target price 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. BMO Capital Markets set a $28.00 price target on Life Time Group and gave the stock a "hold" rating in a research report on Friday, March 14th. Royal Bank of Canada set a $35.00 price objective on Life Time Group and gave the stock a "buy" rating in a research note on Thursday, February 27th. Wells Fargo & Company set a $28.00 price objective on Life Time Group and gave the company a "hold" rating in a report on Thursday, February 27th. Finally, The Goldman Sachs Group upped their target price on Life Time Group from $22.00 to $32.00 and gave the company a "neutral" rating in a research report on Monday, March 3rd. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $35.92.

Insider Activity

In other news, CEO Bahram Akradi sold 5,000,000 shares of the company's stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $30.13, for a total transaction of $150,650,000.00. Following the completion of the transaction, the chief executive officer now directly owns 2,993,849 shares in the company, valued at approximately $90,204,670.37. This represents a 62.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 8.70% of the stock is currently owned by corporate insiders.

Life Time Group Price Performance

Shares of LTH stock traded up $0.16 during trading hours on Monday, reaching $28.96. The company's stock had a trading volume of 980,239 shares, compared to its average volume of 1,689,066. Life Time Group Holdings, Inc. has a fifty-two week low of $15.29 and a fifty-two week high of $34.99. The firm's 50 day simple moving average is $30.46 and its 200-day simple moving average is $27.99. The company has a quick ratio of 0.46, a current ratio of 0.59 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $6.35 billion, a price-to-earnings ratio of 41.97, a PEG ratio of 0.81 and a beta of 1.86.

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

About Life Time Group

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.