33,600 Shares in Life Time Group Holdings, Inc. $LTH Purchased by U S Global Investors Inc.

Key Points

• U S Global Investors Inc. purchased 33,600 shares of Life Time Group Holdings, Inc. (NYSE:LTH) in the 2nd quarter, representing an investment of approximately $1,019,000.
• Life Time Group reported earnings of $0.37 per share for the last quarter, exceeding analyst expectations by $0.04, with a year-over-year revenue growth of 14.0%.
• Institutional investors and hedge funds collectively own 79.40% of Life Time Group's stock, indicating significant interest from major financial players.

U S Global Investors Inc. purchased a new position in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 33,600 shares of the company's stock, valued at approximately $1,019,000.

Other hedge funds have also recently modified their holdings of the company. Harbour Investments Inc. acquired a new position in shares of Life Time Group during the 1st quarter worth about $36,000. IFP Advisors Inc raised its position in shares of Life Time Group by 10,150.0% during the 2nd quarter. IFP Advisors Inc now owns 1,640 shares of the company's stock worth $51,000 after purchasing an additional 1,624 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its position in shares of Life Time Group by 226.5% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,750 shares of the company's stock worth $53,000 after purchasing an additional 1,214 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Life Time Group in the 1st quarter valued at about $74,000. Finally, Amalgamated Bank raised its holdings in Life Time Group by 42.3% in the 1st quarter. Amalgamated Bank now owns 2,898 shares of the company's stock valued at $88,000 after acquiring an additional 862 shares during the last quarter. Institutional investors and hedge funds own 79.40% of the company's stock.

Life Time Group Stock Performance

NYSE:LTH opened at $25.41 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.53 and a current ratio of 0.65. The stock has a market capitalization of $5.59 billion, a P/E ratio of 24.91 and a beta of 1.70. The company has a 50 day moving average price of $27.81 and a 200 day moving average price of $29.00. Life Time Group Holdings, Inc. has a fifty-two week low of $21.49 and a fifty-two week high of $34.99.

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

Insider Activity at Life Time Group

In related news, Director John G. Danhakl sold 4,991,976 shares of the stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $28.95, for a total transaction of $144,517,705.20. Following the completion of the transaction, the director owned 24,906,061 shares of the company's stock, valued at approximately $721,030,465.95. This trade represents a 16.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Parham Javaheri sold 9,375 shares of the stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $28.05, for a total transaction of $262,968.75. Following the transaction, the executive vice president directly owned 240,151 shares of the company's stock, valued at $6,736,235.55. The trade was a 3.76% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,739,034 shares of company stock worth $310,886,597. Company insiders own 8.70% of the company's stock.

Analyst Ratings Changes

LTH has been the subject of a number of recent research reports. Weiss Ratings reiterated a "hold (c+)" rating on shares of Life Time Group in a report on Wednesday. Wall Street Zen downgraded shares of Life Time Group from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Finally, Guggenheim reiterated a "buy" rating and issued a $36.00 price objective on shares of Life Time Group in a report on Tuesday, June 24th. Eight investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $35.92.

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.

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