SVB Wealth LLC Takes $335,000 Position in Life Time Group Holdings, Inc. $LTH

Key Points

• SVB Wealth LLC acquired 11,082 shares of Life Time Group Holdings, Inc., valued at approximately $335,000, as part of its new position in the company.
• Insider trading activity saw EVP Ritadhwaja Jebens Singh sell 134,247 shares and Director John Kristofer Galashan sell 11,655,582 shares, indicating a significant decrease in their ownership stakes.
• Life Time Group reported a 14% increase in revenue year-over-year, totaling $761.47 million, and earnings per share of $0.37, exceeding analyst estimates.

SVB Wealth LLC purchased a new stake in Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 11,082 shares of the company's stock, valued at approximately $335,000.

Other large investors have also bought and sold shares of the company. Wells Fargo & Company MN grew its position in Life Time Group by 13.6% in the fourth quarter. Wells Fargo & Company MN now owns 44,574 shares of the company's stock valued at $986,000 after acquiring an additional 5,325 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Life Time Group during the 4th quarter valued at approximately $307,000. Jump Financial LLC bought a new position in Life Time Group in the 4th quarter valued at approximately $259,000. First Trust Advisors LP boosted its position in Life Time Group by 198.3% in the fourth quarter. First Trust Advisors LP now owns 415,994 shares of the company's stock valued at $9,202,000 after buying an additional 276,552 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Life Time Group by 2.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,190,447 shares of the company's stock worth $114,809,000 after buying an additional 147,295 shares during the last quarter. 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 G. Danhakl sold 11,655,582 shares of the stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $29.38, for a total value of $342,440,999.16. Following the transaction, the director owned 29,898,037 shares in the company, valued at approximately $878,404,327.06. This represents a 28.05% 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 9,375 shares of the firm's stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $28.05, for a total value of $262,968.75. Following the completion of the sale, the executive vice president directly owned 240,151 shares of the company's stock, valued at $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 quarter, insiders sold 23,557,530 shares of company stock valued at $691,887,874. 8.70% of the stock is owned by insiders.

Life Time Group Trading Up 0.5%

LTH stock traded up $0.13 during mid-day trading on Thursday, reaching $28.07. The company's stock had a trading volume of 1,860,687 shares, compared to its average volume of 2,534,440. Life Time Group Holdings, Inc. has a 12 month low of $21.49 and a 12 month high of $34.99. The company has a current ratio of 0.65, a quick ratio of 0.53 and a debt-to-equity ratio of 0.52. The business's 50 day moving average price is $28.82 and its 200 day moving average price is $29.68. The company has a market cap of $6.18 billion, a price-to-earnings ratio of 27.52 and a beta of 1.73.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on LTH. Craig Hallum upgraded Life Time Group to a "buy" rating and set a $45.00 price target for the company in a research note on Friday, May 23rd. Guggenheim reiterated a "buy" rating and set a $36.00 target price on shares of Life Time Group in a research report on Tuesday, June 24th. Morgan Stanley boosted their target price on shares of Life Time Group from $33.00 to $34.00 and gave the stock an "equal weight" rating in a report on Friday, May 9th. Finally, Wall Street Zen downgraded shares of Life Time Group from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Eight investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $35.92.

Life Time Group Company 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.