Counterpoint Mutual Funds LLC Takes $415,000 Position in Life Time Group Holdings, Inc. $LTH

Key Points

• Counterpoint Mutual Funds LLC has purchased a new position in Life Time Group Holdings, acquiring 13,694 shares worth approximately $415,000 during the second quarter.
• After posting a quarterly earnings report, Life Time Group exceeded analysts' expectations with $0.37 earnings per share and reported revenues of $761.47 million.
• Life Time Group stock has received ratings ranging from "buy" to "hold", with an average target price of $35.92 and a consensus "Moderate Buy" rating.

Counterpoint Mutual Funds LLC bought a new position in Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm bought 13,694 shares of the company's stock, valued at approximately $415,000.

Other hedge funds have also bought and sold shares of the company. Harbour Investments Inc. acquired a new position in Life Time Group during the first quarter worth $36,000. Caitong International Asset Management Co. Ltd increased its position in shares of Life Time Group by 226.5% during 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 acquired a new stake in shares of Life Time Group in the 1st quarter worth about $74,000. Amalgamated Bank lifted its position in Life Time Group by 42.3% in the 1st quarter. Amalgamated Bank now owns 2,898 shares of the company's stock valued at $88,000 after acquiring an additional 862 shares in the last quarter. Finally, KBC Group NV acquired a new position in Life Time Group during the 1st quarter valued at about $121,000. Institutional investors and hedge funds own 79.40% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Guggenheim reissued a "buy" rating and issued a $36.00 price objective on shares of Life Time Group in a research note on Tuesday, June 24th. Wall Street Zen downgraded Life Time Group from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Eight equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $35.92.

Life Time Group Price Performance

Shares of NYSE:LTH opened at $27.93 on Wednesday. The company has a market capitalization of $6.14 billion, a P/E ratio of 27.38 and a beta of 1.72. The company's 50-day moving average is $28.39 and its 200 day moving average is $29.26. 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.

Life Time Group (NYSE:LTH - Get Free Report) last posted its quarterly earnings data 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 business 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 firm's quarterly revenue was up 14.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.26 earnings per share. Life Time Group has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current year.

Insider Transactions at Life Time Group

In other Life Time Group news, Director John G. Danhakl sold 4,991,976 shares of the business's stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $28.95, for a total value of $144,517,705.20. Following the sale, the director directly owned 24,906,061 shares in the company, valued at $721,030,465.95. The trade was a 16.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Partners Group Private Equity sold 745,707 shares of the stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $28.95, for a total value of $21,588,217.65. Following the transaction, the insider owned 3,720,500 shares of the company's stock, valued at $107,708,475. The trade was a 16.70% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 10,739,034 shares of company stock valued at $310,886,597. Corporate insiders own 8.70% of the company's stock.

About Life Time Group

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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