State of Wyoming Boosts Holdings in Life Time Group Holdings, Inc. (NYSE:LTH)

State of Wyoming raised its stake in shares of Life Time Group Holdings, Inc. (NYSE:LTH) by 151.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 18,076 shares of the company’s stock after acquiring an additional 10,896 shares during the quarter. State of Wyoming’s holdings in Life Time Group were worth $400,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in LTH. Dnca Finance raised its position in shares of Life Time Group by 11.9% in the fourth quarter. Dnca Finance now owns 3,830 shares of the company’s stock valued at $85,000 after buying an additional 407 shares during the last quarter. Summit Investment Advisors Inc. raised its position in shares of Life Time Group by 12.3% in the fourth 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. Bank of New York Mellon Corp raised its position in shares of Life Time Group by 0.4% in the fourth quarter. Bank of New York Mellon Corp now owns 219,915 shares of the company’s stock valued at $4,865,000 after buying an additional 788 shares during the last quarter. Rhumbline Advisers raised its position in shares of Life Time Group by 1.2% in the fourth quarter. Rhumbline Advisers now owns 91,572 shares of the company’s stock valued at $2,026,000 after buying an additional 1,075 shares during the last quarter. Finally, Handelsbanken Fonder AB raised its position in shares of Life Time Group by 6.4% in the fourth quarter. Handelsbanken Fonder AB now owns 18,400 shares of the company’s stock valued at $407,000 after buying an additional 1,100 shares during the last quarter. 79.40% of the stock is owned by hedge funds and other institutional investors.

Life Time Group Trading Down 0.5%

Shares of LTH opened at $29.27 on Wednesday. The company has a current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 0.64. Life Time Group Holdings, Inc. has a 12-month low of $15.19 and a 12-month high of $34.99. The firm has a 50-day moving average price of $30.52 and a 200 day moving average price of $27.85. The firm has a market capitalization of $6.42 billion, a P/E ratio of 42.42, a P/E/G ratio of 0.81 and a beta of 1.86.

Life Time Group (NYSE:LTH) last announced its earnings results on Thursday, May 8th. The company reported $0.39 earnings per share for the quarter, topping 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 5.67% and a return on equity of 6.42%. Life Time Group’s revenue was up 18.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.15 earnings per share. Sell-side analysts forecast that Life Time Group Holdings, Inc. will post 0.74 EPS for the current year.

Analysts Set New Price Targets

LTH has been the subject of a number of recent research reports. Northland Securities set a $39.00 target price on shares of Life Time Group and gave the company a “buy” rating in a research report on Thursday, February 27th. The Goldman Sachs Group increased their target price on shares of Life Time Group from $22.00 to $32.00 and gave the company a “neutral” rating in a research report on Monday, March 3rd. Royal Bank of Canada set a $35.00 target price on shares of Life Time Group and gave the company a “buy” rating in a research report on Thursday, February 27th. Bank of America set a $40.00 target price on shares of Life Time Group and gave the company a “buy” rating in a research report on Monday, March 3rd. Finally, Guggenheim increased their target price on shares of Life Time Group from $32.00 to $36.00 and gave the company a “buy” rating in a research report on Friday, February 28th. 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.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $35.92.

Insiders Place Their Bets

In other Life Time Group news, CEO Bahram Akradi sold 5,000,000 shares of the stock in a transaction dated 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 owns 2,993,849 shares of the company’s stock, valued at $90,204,670.37. This trade represents a 62.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 8.70% of the stock is currently owned by insiders.

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.