New York State Common Retirement Fund Purchases 73,371 Shares of Life Time Group Holdings, Inc. (NYSE:LTH)

New York State Common Retirement Fund raised its position in Life Time Group Holdings, Inc. (NYSE:LTH) by 20.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 436,022 shares of the company’s stock after purchasing an additional 73,371 shares during the period. New York State Common Retirement Fund owned 0.21% of Life Time Group worth $9,645,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in LTH. Braun Stacey Associates Inc. raised its position in shares of Life Time Group by 2.0% in the fourth quarter. Braun Stacey Associates Inc. now owns 867,132 shares of the company’s stock worth $19,181,000 after buying an additional 17,340 shares in the last quarter. Truist Financial Corp purchased a new stake in shares of Life Time Group in the 4th quarter valued at about $507,000. Nkcfo LLC bought a new stake in shares of Life Time Group during the 4th quarter valued at about $664,000. Principal Securities Inc. purchased a new position in shares of Life Time Group during the fourth quarter worth about $98,000. Finally, Rhumbline Advisers grew its holdings in shares of Life Time Group by 1.2% during the fourth 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 currently owned by hedge funds and other institutional investors.

Life Time Group Price Performance

LTH stock opened at $30.90 on Wednesday. The firm has a 50-day moving average of $27.16 and a 200 day moving average of $25.18. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.59 and a quick ratio of 0.46. The company has a market cap of $6.39 billion, a P/E ratio of 44.78, a PEG ratio of 0.81 and a beta of 1.94. Life Time Group Holdings, Inc. has a 1 year low of $11.89 and a 1 year high of $33.64.

Analysts Set New Price Targets

A number of equities analysts have commented on LTH shares. Oppenheimer boosted their price target on shares of Life Time Group from $33.00 to $43.00 and gave the stock an “outperform” rating in a research note on Thursday, January 23rd. Morgan Stanley upped their target price on shares of Life Time Group from $29.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Monday. Evercore ISI started coverage on Life Time Group in a research report on Friday, November 22nd. They set an “outperform” rating and a $29.00 price target on the stock. Northland Securities upped their price objective on shares of Life Time Group from $29.00 to $31.50 and gave the company an “outperform” rating in a research note on Friday, January 17th. Finally, Guggenheim restated a “buy” rating and set a $32.00 price target (up from $29.00) on shares of Life Time Group in a research report on Friday, January 17th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Life Time Group presently has a consensus rating of “Moderate Buy” and an average price target of $31.86.

Insider Transactions at Life Time Group

In related news, EVP Ritadhwaja Jebens Singh sold 25,000 shares of the stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $25.00, for a total value of $625,000.00. Following the completion of the transaction, the executive vice president now directly owns 191,626 shares in the company, valued at $4,790,650. This trade represents a 11.54 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Erik Weaver sold 1,741 shares of the business’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $29.62, for a total transaction of $51,568.42. Following the sale, the chief financial officer now directly owns 96,361 shares in the company, valued at $2,854,212.82. The trade was a 1.77 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 82,147 shares of company stock valued at $2,241,556. Corporate insiders own 12.50% of the company’s stock.

Life Time Group 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.