Corebridge Financial Inc. raised its position in Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 33.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,190 shares of the company's stock after purchasing an additional 10,403 shares during the period. Corebridge Financial Inc.'s holdings in Life Time Group were worth $1,244,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LTH. Harbour Investments Inc. purchased a new position in Life Time Group in the 1st quarter valued at about $36,000. Caitong International Asset Management Co. Ltd lifted its holdings 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 acquiring an additional 1,214 shares during the period. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Life Time Group during the 1st quarter worth about $74,000. Amalgamated Bank lifted 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 worth $88,000 after acquiring an additional 862 shares during the period. Finally, Fortress Investment Group LLC purchased a new position in shares of Life Time Group during the 4th quarter worth about $120,000. 79.40% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on LTH. Craig Hallum upgraded shares of Life Time Group to a "buy" rating and set a $45.00 price objective on the stock in a report on Friday, May 23rd. Guggenheim reiterated a "buy" rating and set a $36.00 price objective on shares of Life Time Group in a report on Tuesday, June 24th. Finally, Wall Street Zen lowered shares of Life Time Group from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Eight research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $35.92.
Read Our Latest Report on Life Time Group
Insider Activity
In other news, EVP Parham Javaheri sold 9,375 shares of Life Time Group stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $28.05, for a total transaction of $262,968.75. Following the sale, the executive vice president owned 240,151 shares in the company, valued at $6,736,235.55. This trade represents a 3.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 8.70% of the stock is owned by corporate insiders.
Life Time Group Trading Down 0.6%
LTH traded down $0.17 on Wednesday, reaching $28.48. 1,496,428 shares of the company's stock were exchanged, compared to its average volume of 1,788,830. The company's 50 day moving average is $28.61 and its 200-day moving average is $29.43. The company has a market cap of $6.26 billion, a price-to-earnings ratio of 27.92 and a beta of 1.72. Life Time Group Holdings, Inc. has a twelve month low of $21.49 and a twelve month high of $34.99. 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 (NYSE:LTH - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $0.37 earnings per share (EPS) 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 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% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.26 EPS. Life Time Group has set its FY 2025 guidance at EPS. Equities analysts predict that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current year.
About Life Time Group
(
Free Report)
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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