Panoramic Capital LLC Invests $2.87 Million in Life Time Group Holdings, Inc. $LTH

Key Points

• Panoramic Capital LLC acquired 95,000 shares of Life Time Group Holdings, valued at approximately $2.87 million, making it the firm's 10th largest holding at 3.1% of its portfolio.
• Institutional investor activity increased significantly, with Ameriprise Financial boosting its position by 1,729.3% and Vanguard Group raising its stake by 32.2% in the first quarter.
• Life Time Group reported $0.37 EPS for the last quarter, surpassing estimates, along with a 14.0% year-over-year revenue growth, totaling $761.47 million.

Panoramic Capital LLC bought a new stake in Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 95,000 shares of the company's stock, valued at approximately $2,869,000. Life Time Group accounts for about 3.1% of Panoramic Capital LLC's portfolio, making the stock its 10th largest holding.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Millennium Management LLC grew its stake in Life Time Group by 65.7% during the 1st quarter. Millennium Management LLC now owns 2,038,781 shares of the company's stock worth $61,571,000 after buying an additional 808,715 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Life Time Group by 25.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 70,855 shares of the company's stock worth $2,140,000 after acquiring an additional 14,267 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Life Time Group in the 1st quarter worth about $28,355,000. EFG Asset Management North America Corp. acquired a new stake in shares of Life Time Group in the 1st quarter worth about $1,041,000. Finally, Bosun Asset Management LLC bought a new stake in Life Time Group in the 1st quarter valued at about $1,227,000. 79.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other news, EVP Parham Javaheri sold 9,375 shares of the firm's stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $28.05, for a total transaction of $262,968.75. Following the completion of the transaction, the executive vice president 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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 8.70% of the company's stock.

Life Time Group Price Performance

NYSE LTH traded up $0.80 on Thursday, reaching $29.30. 1,932,859 shares of the stock traded hands, compared to its average volume of 2,494,327. 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 market cap of $6.45 billion, a price-to-earnings ratio of 28.73 and a beta of 1.72. The firm's fifty day simple moving average is $28.61 and its 200 day simple moving average is $29.43. The company has a quick ratio of 0.53, a current ratio of 0.65 and a debt-to-equity ratio of 0.52.

Life Time Group (NYSE:LTH - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $761.47 million during the quarter, compared to analyst estimates of $752.33 million. During the same quarter in the prior year, the firm posted $0.26 earnings per share. The company's revenue was up 14.0% on a year-over-year basis. Life Time Group has set its FY 2025 guidance at EPS. As a group, research analysts predict that Life Time Group Holdings, Inc. will post 0.74 EPS 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.