Credit Agricole S A Invests $2.14 Million in Life Time Group Holdings, Inc. $LTH

Key Points

• Credit Agricole S A acquired a total of 70,803 shares of Life Time Group Holdings, Inc. for approximately $2.14 million in the first quarter of the year, highlighting institutional interest in the company.
• Life Time Group reported an earnings per share (EPS) of $0.37 for the latest quarter, surpassing analysts' expectations of $0.33, while its revenue grew by 14% year-over-year.
• Insider transactions included significant sales, with EVP Ritadhwaja Jebens Singh and Director John G. Danhakl selling over 134,000 and 11.65 million shares respectively, indicating potential shifts in insider confidence.

Credit Agricole S A bought a new stake in 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 & Exchange Commission. The institutional investor bought 70,803 shares of the company's stock, valued at approximately $2,138,000.

A number of other institutional investors also recently bought and sold shares of LTH. Vanguard Group Inc. lifted its holdings in Life Time Group by 32.2% in the first quarter. Vanguard Group Inc. now owns 9,365,193 shares of the company's stock valued at $282,829,000 after acquiring an additional 2,282,007 shares during the period. Burkehill Global Management LP bought a new position in Life Time Group in the first quarter valued at about $46,473,000. Wedge Capital Management L L P NC bought a new position in Life Time Group in the first quarter valued at about $40,471,000. Nuveen LLC bought a new position in Life Time Group in the first quarter valued at about $37,889,000. Finally, Raymond James Financial Inc. lifted its holdings in Life Time Group by 5,334.3% in the first quarter. Raymond James Financial Inc. now owns 754,937 shares of the company's stock valued at $22,799,000 after acquiring an additional 741,045 shares during the period. Institutional investors own 79.40% of the company's stock.

Analyst Upgrades and Downgrades

LTH has been the topic of a number of recent research reports. Wall Street Zen downgraded Life Time Group from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Guggenheim reaffirmed a "buy" rating and issued a $36.00 price objective on shares of Life Time Group in a research note on Tuesday, June 24th. Craig Hallum raised Life Time Group to a "buy" rating and set a $45.00 price objective on the stock in a research note on Friday, May 23rd. Finally, Morgan Stanley raised their price objective on Life Time Group from $33.00 to $34.00 and gave the stock an "equal weight" rating in a research note on Friday, May 9th. Eight equities research analysts have rated the stock with a Buy rating and five have assigned 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

NYSE LTH traded down $0.34 during trading on Friday, hitting $27.74. 358,158 shares of the stock traded hands, compared to its average volume of 2,520,941. The company has a market capitalization of $6.10 billion, a P/E ratio of 27.21 and a beta of 1.73. The firm has a 50-day simple moving average of $28.82 and a 200-day simple moving average of $29.68. 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 quarterly earnings results on Tuesday, August 5th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.04. The business had revenue of $761.47 million during the quarter, compared to analysts' expectations of $752.33 million. Life Time Group had a return on equity of 9.05% and a net margin of 8.03%.The firm's revenue for the quarter was up 14.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.26 EPS. Life Time Group has set its FY 2025 guidance at EPS. As a group, analysts predict that Life Time Group Holdings, Inc. will post 0.74 EPS for the current year.

Insider Buying and Selling at Life Time Group

In other Life Time Group news, EVP Parham Javaheri sold 84,744 shares of the firm's stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $27.84, for a total transaction 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 transaction was disclosed in a filing with the SEC, which is available through this link. 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 value of $3,866,313.60. Following the transaction, the executive vice president owned 133,189 shares of the company's stock, valued at $3,835,843.20. This represents a 50.20% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,557,530 shares of company stock worth $691,887,874 over the last three months. 8.70% of the stock is owned by company insiders.

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.