Integrity Alliance LLC. Purchases New Stake in Life Time Group Holdings, Inc. $LTH

Key Points

• Integrity Alliance LLC acquired 10,114 shares of Life Time Group Holdings, valued at approximately $305,000, indicating strong interest from institutional investors.
• Life Time Group reported earnings of $0.37 EPS for the recent quarter, beating estimates and achieving a revenue of $761.47 million, up 14.0% from the previous year.
• Analysts have mixed ratings on Life Time Group, with eight giving it a "Buy" rating and five a "Hold," resulting in a consensus rating of "Moderate Buy" and a target price of approximately $35.92.

Integrity Alliance LLC. purchased a new stake in Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,114 shares of the company's stock, valued at approximately $305,000.

A number of other large investors also recently bought and sold shares of LTH. Ameriprise Financial Inc. raised its stake in shares of Life Time Group by 34.5% during the 4th quarter. Ameriprise Financial Inc. now owns 276,957 shares of the company's stock worth $6,126,000 after buying an additional 71,074 shares during the period. Cetera Investment Advisers acquired a new position in shares of Life Time Group during the 4th quarter worth approximately $331,000. Deutsche Bank AG raised its stake in shares of Life Time Group by 15.5% during the 4th quarter. Deutsche Bank AG now owns 279,735 shares of the company's stock worth $6,188,000 after buying an additional 37,529 shares during the period. Janus Henderson Group PLC raised its stake in shares of Life Time Group by 25.4% during the 4th quarter. Janus Henderson Group PLC now owns 31,093 shares of the company's stock worth $688,000 after buying an additional 6,300 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Life Time Group by 3.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 56,588 shares of the company's stock worth $1,252,000 after buying an additional 2,035 shares during the period. 79.40% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Life Time Group

In other Life Time Group news, Director John Kristofer Galashan sold 4,991,976 shares of Life Time Group stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $28.95, for a total transaction of $144,517,705.20. Following the transaction, the director owned 24,906,061 shares of the company's stock, valued at $721,030,465.95. The trade was a 16.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Parham Javaheri sold 9,375 shares of Life Time Group stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $28.05, for a total value of $262,968.75. Following the transaction, the executive vice president directly owned 240,151 shares in the company, valued at approximately $6,736,235.55. This trade represents a 3.76% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,739,034 shares of company stock worth $310,886,597. 8.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on LTH. Guggenheim reiterated a "buy" rating and set a $36.00 price target on shares of Life Time Group in a research report on Tuesday, June 24th. Wall Street Zen cut Life Time Group from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Finally, Craig Hallum upgraded Life Time Group to a "buy" rating and set a $45.00 target price for the company in a report on Friday, May 23rd. Eight research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $35.92.

Life Time Group Trading Up 1.7%

Life Time Group stock traded up $0.48 during midday trading on Thursday, reaching $28.29. 1,666,634 shares of the stock traded hands, compared to its average volume of 1,886,914. The company has a 50-day simple moving average of $28.50 and a two-hundred day simple moving average of $29.32. Life Time Group Holdings, Inc. has a 12-month low of $21.49 and a 12-month high of $34.99. The firm has a market cap of $6.22 billion, a PE ratio of 27.74 and a beta of 1.72. The company has a current ratio of 0.65, a quick ratio of 0.53 and a debt-to-equity ratio of 0.52.

Life Time Group (NYSE:LTH - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $0.37 EPS for the quarter, beating analysts' consensus estimates of $0.33 by $0.04. Life Time Group had a return on equity of 9.05% and a net margin of 8.03%.The company had revenue of $761.47 million during the quarter, compared to analysts' expectations of $752.33 million. During the same period last year, the business posted $0.26 EPS. Life Time Group's revenue for the quarter was up 14.0% on a year-over-year basis. Life Time Group has set its FY 2025 guidance at EPS. Research analysts expect that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current fiscal year.

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.