Teacher Retirement System of Texas Takes Position in Life Time Group Holdings, Inc. (NYSE:LTH)

Teacher Retirement System of Texas purchased a new stake in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 13,970 shares of the company's stock, valued at approximately $422,000.

Several other hedge funds and other institutional investors also recently modified their holdings of LTH. Kapitalo Investimentos Ltda purchased a new stake in Life Time Group during the fourth quarter valued at about $33,000. Sterling Capital Management LLC increased its holdings in shares of Life Time Group by 892.6% in 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 period. Quarry LP increased its holdings in shares of Life Time Group by 240.4% in 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 period. Dnca Finance increased its holdings in shares of Life Time Group by 11.9% in 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 period. Finally, Amalgamated Bank increased its holdings in shares of Life Time Group by 42.3% in 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 period. Institutional investors and hedge funds own 79.40% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Craig Hallum upgraded Life Time Group to a "buy" rating and set a $45.00 price objective on the stock in a report on Friday, May 23rd. Guggenheim reiterated 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 increased their price target on 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 research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, Life Time Group currently has a consensus rating of "Moderate Buy" and an average price target of $35.92.

Insiders Place Their Bets

In other Life Time Group news, EVP Ritadhwaja Jebens Singh sold 134,247 shares of the stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $28.80, for a total value of $3,866,313.60. Following the transaction, the executive vice president owned 133,189 shares in the company, valued at approximately $3,835,843.20. This represents a 50.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 value of $2,359,272.96. Following the completion of the transaction, the executive vice president owned 249,526 shares in the company, valued at $6,946,803.84. This represents a 25.35% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 23,548,155 shares of company stock valued at $691,624,905. 8.70% of the stock is currently owned by corporate insiders.

Life Time Group Price Performance

Shares of LTH opened at $30.41 on Friday. Life Time Group Holdings, Inc. has a 12-month low of $20.22 and a 12-month high of $34.99. The business has a 50-day simple moving average of $29.01 and a two-hundred day simple moving average of $29.39. 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 has a market cap of $6.67 billion, a PE ratio of 31.68 and a beta of 1.74.

Life Time Group (NYSE:LTH - Get Free Report) last issued its quarterly earnings results 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 8.29% and a net margin of 7.60%. The company had revenue of $706.04 million during the quarter, compared to analysts' expectations of $684.06 million. During the same quarter in the prior year, the firm posted $0.15 earnings per share. The business's quarterly revenue was up 18.3% on a year-over-year basis. Analysts anticipate that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current fiscal 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.

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