Dimensional Fund Advisors LP Sells 36,933 Shares of Life Time Group Holdings, Inc. $LTH

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

Several other hedge funds have also recently added to or reduced their stakes in LTH. Kapitalo Investimentos Ltda acquired a new position in Life Time Group in the fourth quarter valued at about $33,000. Harbour Investments Inc. acquired a new position in Life Time Group in the first quarter valued at about $36,000. Sterling Capital Management LLC lifted its stake in Life Time Group by 892.6% in the fourth quarter. Sterling Capital Management LLC now owns 2,025 shares of the company's stock valued at $45,000 after buying an additional 1,821 shares during the period. Quarry LP lifted its stake in Life Time Group by 240.4% in the fourth quarter. Quarry LP now owns 2,335 shares of the company's stock valued at $52,000 after buying an additional 1,649 shares during the period. Finally, Caitong International Asset Management Co. Ltd lifted its stake in Life Time Group by 226.5% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,750 shares of the company's stock valued at $53,000 after buying an additional 1,214 shares during the period. Institutional investors and hedge funds own 79.40% of the company's stock.

Life Time Group Stock Down 0.2%

Shares of NYSE:LTH traded down $0.05 during mid-day trading on Tuesday, reaching $28.22. 2,665,656 shares of the stock were exchanged, compared to its average volume of 2,616,872. The company has a quick ratio of 0.53, a current ratio of 0.65 and a debt-to-equity ratio of 0.52. The company has a market cap of $6.21 billion, a P/E ratio of 27.66 and a beta of 1.73. Life Time Group Holdings, Inc. has a one year low of $21.49 and a one year high of $34.99. The stock's 50 day simple moving average is $28.81 and its 200-day simple moving average is $29.71.

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 return on equity of 9.05% and a net margin of 8.03%.Life Time Group's quarterly revenue was up 14.0% on a year-over-year basis. During the same period last year, the company earned $0.26 earnings per share. Life Time Group has set its FY 2025 guidance at EPS. As a group, equities research analysts predict that Life Time Group Holdings, Inc. will post 0.74 EPS for the current year.

Analyst Ratings Changes

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

Insider Buying and Selling at Life Time Group

In related news, Director John G. Danhakl sold 11,655,582 shares of the stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $29.38, for a total transaction of $342,440,999.16. Following the completion of the transaction, the director directly owned 29,898,037 shares in the company, valued at approximately $878,404,327.06. This trade represents a 28.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John Kristofer Galashan sold 11,655,582 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $29.38, for a total value of $342,440,999.16. Following the completion of the transaction, the director owned 29,898,037 shares of the company's stock, valued at approximately $878,404,327.06. This represents a 28.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,548,155 shares of company stock valued at $691,624,905 in the last 90 days. 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.