13,970 Shares in Life Time Group Holdings, Inc. (NYSE:LTH) Bought by Teacher Retirement System of Texas

Teacher Retirement System of Texas bought a new position in Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 13,970 shares of the company's stock, valued at approximately $422,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Kapitalo Investimentos Ltda purchased a new stake in Life Time Group during the 4th quarter valued at about $33,000. Sterling Capital Management LLC grew its position in Life Time Group by 892.6% during 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 grew its position in Life Time Group by 240.4% during 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 grew its position in Life Time Group by 11.9% during the 4th quarter. Dnca Finance now owns 3,830 shares of the company's stock valued at $85,000 after purchasing an additional 407 shares during the last quarter. Finally, Amalgamated Bank grew its position in Life Time Group by 42.3% during the 1st quarter. Amalgamated Bank now owns 2,898 shares of the company's stock valued at $88,000 after purchasing an additional 862 shares during 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 Life Time Group news, EVP Parham Javaheri sold 84,744 shares of the firm's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $27.84, for a total transaction of $2,359,272.96. Following the sale, the executive vice president owned 249,526 shares in the company, valued at approximately $6,946,803.84. This trade represents a 25.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Ritadhwaja Jebens Singh sold 134,247 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $28.80, for a total transaction of $3,866,313.60. Following the sale, the executive vice president 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 disclosure for this sale can be found here. Insiders have sold 23,548,155 shares of company stock worth $691,624,905 in the last 90 days. Insiders own 8.70% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on LTH shares. 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 report on Friday, May 23rd. Guggenheim reaffirmed a "buy" rating and set a $36.00 price target on shares of Life Time Group in a report on Tuesday, June 24th. Finally, Morgan Stanley raised 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. 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 MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $35.92.

Life Time Group Stock Performance

NYSE LTH traded down $1.37 during trading hours on Monday, hitting $29.00. 2,632,283 shares of the company's stock traded hands, compared to its average volume of 2,066,225. The business's fifty day moving average price is $29.05 and its two-hundred day moving average price is $29.54. The company has a current ratio of 0.43, a quick ratio of 0.31 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $6.36 billion, a P/E ratio of 30.20 and a beta of 1.74. Life Time Group Holdings, Inc. has a 52 week low of $20.22 and a 52 week high of $34.99.

Life Time Group (NYSE:LTH - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.12. The company had revenue of $706.04 million during the quarter, compared to analyst estimates of $684.06 million. Life Time Group had a net margin of 7.60% and a return on equity of 8.29%. The firm's quarterly revenue was up 18.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.15 earnings per share. Equities research analysts predict that Life Time Group Holdings, Inc. will post 0.74 EPS for the current year.

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.