Comerica Bank Has $10.82 Million Holdings in Life Time Group Holdings, Inc. $LTH

Key Points

• Comerica Bank increased its stake in Life Time Group Holdings, acquiring an additional 139,853 shares, bringing its total ownership to 358,359 shares worth approximately $10.82 million.
• Life Time Group reported $0.37 earnings per share (EPS) for the last quarter, surpassing the expected $0.33 EPS, and achieved a revenue of $761.47 million, a 14% increase from the previous year.
• Current analysts maintain a consensus rating of "Moderate Buy" for Life Time Group, with an average price target of $35.92, reflecting confidence in the company's growth potential.

Comerica Bank increased its position in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 64.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 358,359 shares of the company's stock after purchasing an additional 139,853 shares during the quarter. Comerica Bank owned 0.17% of Life Time Group worth $10,822,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of LTH. Ameriprise Financial Inc. lifted its position in Life Time Group by 1,729.3% during the first quarter. Ameriprise Financial Inc. now owns 5,066,245 shares of the company's stock worth $154,547,000 after purchasing an additional 4,789,288 shares during the period. Vanguard Group Inc. lifted its position in Life Time Group by 32.2% during the first quarter. Vanguard Group Inc. now owns 9,365,193 shares of the company's stock worth $282,829,000 after purchasing an additional 2,282,007 shares during the period. Burkehill Global Management LP bought a new stake in Life Time Group during the first quarter worth about $46,473,000. Wedge Capital Management L L P NC bought a new stake in Life Time Group during the first quarter worth about $40,471,000. Finally, Nuveen LLC bought a new stake in Life Time Group during the first quarter worth about $37,889,000. Institutional investors own 79.40% of the company's stock.

Analyst Upgrades and Downgrades

LTH has been the subject of several recent analyst reports. 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. Guggenheim reissued a "buy" rating and issued a $36.00 target price on shares of Life Time Group in a report on Tuesday, June 24th. Craig Hallum raised shares of Life Time Group to a "buy" rating and set a $45.00 target price for the company in a report on Friday, May 23rd. Finally, Morgan Stanley increased 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. Eight analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Life Time Group presently has a consensus rating of "Moderate Buy" and an average price target of $35.92.

Life Time Group Price Performance

Shares of LTH stock traded down $0.18 on Friday, reaching $27.91. The company had a trading volume of 1,290,059 shares, compared to its average volume of 2,566,442. The stock has a market capitalization of $6.14 billion, a PE ratio of 27.36 and a beta of 1.73. 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 one year low of $21.49 and a one year high of $34.99. The business's 50-day moving average is $28.82 and its 200 day moving average is $29.64.

Life Time Group (NYSE:LTH - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $761.47 million during the quarter, compared to analyst estimates 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 business earned $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 fiscal year.

Insiders Place Their Bets

In related news, EVP Parham Javaheri sold 84,744 shares of the firm's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $27.84, for a total value of $2,359,272.96. Following the completion of the transaction, the executive vice president owned 249,526 shares in the company, valued at $6,946,803.84. This trade represents a 25.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Ritadhwaja Jebens Singh sold 134,247 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $28.80, for a total transaction of $3,866,313.60. Following the completion of the transaction, the executive vice president owned 133,189 shares of the company's stock, valued at approximately $3,835,843.20. This trade represents a 50.20% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,557,530 shares of company stock worth $691,887,874 over the last quarter. 8.70% of the stock is currently owned by corporate insiders.

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.