Life Time Group Holdings, Inc. $LTH Shares Sold by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors LP reduced its holdings in Life Time Group by 0.7%, selling 36,933 shares for a total of 5,153,514 shares owned, which are valued at approximately $155.6 million.
• Vanguard Group Inc. significantly increased its stake in Life Time Group by 32.2% during the first quarter, now owning 9,365,193 shares valued at around $282.8 million.
• Life Time Group's stock price recently opened at $28.04, and analysts rate the stock as a "Moderate Buy" with an average target price of $35.92.

Dimensional Fund Advisors LP trimmed its stake in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 0.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,153,514 shares of the company's stock after selling 36,933 shares during the period. Dimensional Fund Advisors LP owned about 2.41% of Life Time Group worth $155,641,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Summit Investment Advisors Inc. grew its holdings in Life Time Group by 12.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 6,478 shares of the company's stock worth $143,000 after acquiring an additional 712 shares during the period. Amalgamated Bank grew its holdings in Life Time Group by 42.3% during the first 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. Harbour Investments Inc. acquired a new stake in Life Time Group during the first quarter worth about $36,000. Caitong International Asset Management Co. Ltd grew its holdings in 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 during the period. Finally, Sherbrooke Park Advisers LLC grew its holdings in Life Time Group by 10.3% during the fourth quarter. Sherbrooke Park Advisers LLC now owns 13,151 shares of the company's stock worth $291,000 after acquiring an additional 1,224 shares during the period. 79.40% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Life Time Group Price Performance

Shares of NYSE:LTH traded up $0.76 during trading on Friday, reaching $29.07. The stock had a trading volume of 1,514,409 shares, compared to its average volume of 2,657,963. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.53 and a current ratio of 0.65. The business has a fifty day moving average price of $28.75 and a 200-day moving average price of $29.75. The stock has a market cap of $6.40 billion, a PE ratio of 26.44 and a beta of 1.73. Life Time Group Holdings, Inc. has a 1-year low of $21.49 and a 1-year high of $34.99.

Life Time Group (NYSE:LTH - Get Free Report) last issued its quarterly 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 for the quarter, compared to analyst estimates of $752.33 million. Life Time Group had a return on equity of 9.05% and a net margin of 8.03%.The business's revenue was up 14.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.26 earnings per share. Life Time Group has set its FY 2025 guidance at EPS. On average, equities analysts forecast that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current fiscal year.

Insider Transactions at Life Time Group

In other news, Director John G. Danhakl sold 11,655,582 shares of Life Time Group stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $29.38, for a total value of $342,440,999.16. Following the sale, the director directly owned 29,898,037 shares of the company's stock, valued at $878,404,327.06. The trade was a 28.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Erik Weaver sold 18,000 shares of Life Time Group stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $28.74, for a total value of $517,320.00. Following the completion of the sale, the chief financial officer directly owned 86,611 shares in the company, valued at $2,489,200.14. This represents a 17.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 23,548,155 shares of company stock valued at $691,624,905. Insiders own 8.70% of the company's stock.

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.