Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Parag Vora’s HG Vora Capital Management Initiates Stake In Life Time Fitness, Inc. (LTM)

Parag Vora, the manager of HG Vora Capital Management, thinks Life Time Fitness, Inc. (NYSE:LTM) is a good investment and has initiated a new position for his fund. According to a recent filing with the Securities and Exchange Commission, Vora has built a position that amasses 2.01 million shares, which account for approximately 5.1% of Life Time Fitness, Inc. (NYSE:LTM)’s common stock.

Parag Vora - HG Vora Capital

Richard Mcguire is also a big fan of Life Time Fitness, Inc. (NYSE:LTM), having initiated a position for his fund during the previous quarter. His fund, Marcato Capital Management, reportedly holds 3.11 million shares valued at roughly $152 million. Glenn J. Krevlin is not so optimistic, though, and has decreased his fund’s stake in the company by 23% during Q2. Glenhill Advisors has reported ownership of approximately 337,700 shares worth $16.4 million. Israel Englander has also chosen to reduce his fund’s exposure to Life Time Fitness, Inc. (NYSE:LTM), decreasing Millennium Management’s investment to 149,200 shares worth $7.27 million.

An operator of sports, recreation and spa outlets, Life Time Fitness, Inc. (NYSE:LTM) has a market cap of $1.93 billion and does not pay a dividend. Since the start of the year, the stock has been trending sideways, dancing around the $47 level. It is traded at a trailing Price-to-Earnings (P/E) ratio of 16.xx, significantly lower than the industry average of around 28.00.

For the three months ending June 30, 2014, Life Time Fitness, Inc. (NYSE:LTM) has reported revenues of $326 million and earnings of $0.76 per share. Analysts expect the third quarter of 2014 to bring revenues of $341 million and earnings per share of $0.86. The stock is mainly recommended as a Hold.

Parag Vora is still bullish on Pinnacle Entertainment, Inc (NYSE:PNK), having increased his fund’s holding of the stock by 10% during the second quarter. HG Vora Capital Management now holds 5,15 million shares valued at roughly $130 million. American Realty Capital Properties Inc (NASDAQ:ARCP) is another important piece in Vora’s jigsaw puzzle. According to its latest 13F filing, HG Vora Capital Management has increased its investment in the company by 74% to exactly 8 million shares worth in excess of $100 million.

Disclosure: none

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!