Capital Fund Management S.A. Makes New $675,000 Investment in Life Time Group Holdings, Inc. $LTH

Key Points

• Capital Fund Management S.A. has acquired a new stake in Life Time Group Holdings, purchasing 22,346 shares valued at approximately $675,000.
• Hedge funds and institutional investors collectively own 79.40% of Life Time Group's stock, indicating strong support from the investment community.
• Life Time Group recently reported earnings that exceeded analyst expectations, with $0.37 EPS for the quarter, beating estimates by $0.04.

Capital Fund Management S.A. acquired a new stake in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 22,346 shares of the company's stock, valued at approximately $675,000.

Several other large investors have also made changes to their positions in LTH. Kapitalo Investimentos Ltda acquired a new stake in Life Time Group during the fourth quarter worth about $33,000. Harbour Investments Inc. acquired a new stake in Life Time Group during the first quarter worth about $36,000. Quarry LP raised its position in Life Time Group by 240.4% in the fourth quarter. Quarry LP now owns 2,335 shares of the company's stock worth $52,000 after purchasing an additional 1,649 shares in the last quarter. Caitong International Asset Management Co. Ltd raised 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 purchasing an additional 1,214 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new position in Life Time Group in the first quarter worth about $74,000. Institutional investors and hedge funds own 79.40% of the company's stock.

Insiders Place Their Bets

In related news, CFO Erik Weaver sold 18,000 shares of Life Time Group stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $28.74, for a total value of $517,320.00. Following the sale, the chief financial officer owned 86,611 shares of the company's stock, valued at approximately $2,489,200.14. The trade was a 17.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John Kristofer Galashan sold 11,655,582 shares of Life Time Group stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $29.38, for a total value of $342,440,999.16. Following the completion of the sale, the director directly owned 29,898,037 shares in the company, valued at approximately $878,404,327.06. This represents a 28.05% decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,557,530 shares of company stock worth $691,887,874 in the last three months. 8.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

LTH has been the subject of several recent research reports. Wall Street Zen lowered shares of Life Time Group from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Guggenheim restated a "buy" rating and issued a $36.00 price target on shares of Life Time Group in a research report on Tuesday, June 24th. Craig Hallum upgraded shares of Life Time Group to a "buy" rating and set a $45.00 price target on the stock in a research report on Friday, May 23rd. Finally, Morgan Stanley boosted their price target on shares of Life Time Group from $33.00 to $34.00 and gave the company an "equal weight" rating in a research report on Friday, May 9th. Eight equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat, Life Time Group currently has an average rating of "Moderate Buy" and an average price target of $35.92.

Life Time Group Trading Down 0.6%

Life Time Group stock traded down $0.18 during trading hours on Monday, reaching $27.91. 1,290,059 shares of the company's stock traded hands, compared to its average volume of 2,513,472. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.53 and a current ratio of 0.65. Life Time Group Holdings, Inc. has a fifty-two week low of $21.49 and a fifty-two week high of $34.99. The firm has a market capitalization of $6.14 billion, a price-to-earnings ratio of 27.36 and a beta of 1.72. The firm's 50 day moving average is $28.78 and its 200-day moving average is $29.59.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.33 by $0.04. The company 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 company posted $0.26 EPS. Life Time Group has set its FY 2025 guidance at EPS. On average, analysts predict that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current 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.