40,626 Shares in Life Time Group Holdings, Inc. $LTH Purchased by Bosun Asset Management LLC

Key Points

• Bosun Asset Management LLC acquired **40,626 shares** of Life Time Group Holdings, Inc. valued at approximately **$1,227,000** during the first quarter.
• Life Time Group reported a **14.0% increase** in quarterly revenue year-over-year, reaching **$761.47 million**, and surpassed EPS estimates with **$0.37** compared to the consensus estimate of **$0.33**.
• **79.40%** of Life Time Group's stock is owned by institutional investors, indicating strong institutional interest in the company.

Bosun Asset Management LLC bought a new position in Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 40,626 shares of the company's stock, valued at approximately $1,227,000.

Several other hedge funds also recently made changes to their positions in LTH. Harbour Investments Inc. purchased a new stake in shares of Life Time Group in the first quarter worth $36,000. Caitong International Asset Management Co. Ltd grew its position in Life Time Group by 226.5% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,750 shares of the company's stock worth $53,000 after acquiring an additional 1,214 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new position in Life Time Group in the first quarter worth $74,000. Amalgamated Bank raised its holdings in shares of Life Time Group by 42.3% during the 1st quarter. Amalgamated Bank now owns 2,898 shares of the company's stock valued at $88,000 after buying an additional 862 shares in the last quarter. Finally, Fortress Investment Group LLC purchased a new position in shares of Life Time Group during the 4th quarter valued at about $120,000. 79.40% of the stock is currently owned by hedge funds and other institutional investors.

Life Time Group Stock Up 0.8%

Shares of NYSE:LTH traded up $0.24 during midday trading on Monday, reaching $29.22. The company's stock had a trading volume of 2,064,059 shares, compared to its average volume of 2,508,058. The firm has a 50 day moving average of $28.67 and a 200-day moving average of $29.46. The firm has a market capitalization of $6.43 billion, a P/E ratio of 28.65 and a beta of 1.72. 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 Holdings, Inc. has a 12-month low of $21.49 and a 12-month high of $34.99.

Life Time Group (NYSE:LTH - Get Free Report) last released its earnings results 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 for the quarter, compared to the consensus estimate of $752.33 million. Life Time Group had a net margin of 8.03% and a return on equity of 9.05%. The company's revenue was up 14.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.26 EPS. Life Time Group has set its FY 2025 guidance at EPS. On average, research analysts anticipate that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other Life Time Group news, EVP Parham Javaheri sold 9,375 shares of Life Time Group stock in a transaction dated 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 transaction, the executive vice president directly owned 240,151 shares of the company's stock, valued at approximately $6,736,235.55. The trade was a 3.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 8.70% of the company's stock.

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.