Diversified Trust Co Takes Position in Life Time Group Holdings, Inc. $LTH

Key Points

• Diversified Trust Co acquired a new stake in Life Time Group Holdings, purchasing 22,968 shares valued at approximately $697,000 during the second quarter.
• Insider sales have occurred with Director John G. Danhakl and another director each selling nearly 5 million shares, resulting in a 16.7% decrease in their ownership.
• Life Time Group reported better-than-expected earnings, with a net margin of 8.03% and revenue growth of 14% year-over-year, posting $0.37 earnings per share against an expectation of $0.33.

Diversified Trust Co purchased a new stake in Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 22,968 shares of the company's stock, valued at approximately $697,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Moody National Bank Trust Division raised its holdings in Life Time Group by 12.1% during the second quarter. Moody National Bank Trust Division now owns 112,501 shares of the company's stock worth $3,412,000 after acquiring an additional 12,178 shares in the last quarter. MRA Advisory Group raised its holdings in Life Time Group by 58.9% during the second quarter. MRA Advisory Group now owns 18,658 shares of the company's stock worth $566,000 after acquiring an additional 6,917 shares in the last quarter. Voya Investment Management LLC raised its holdings in Life Time Group by 30.8% during the first quarter. Voya Investment Management LLC now owns 28,242 shares of the company's stock worth $853,000 after acquiring an additional 6,645 shares in the last quarter. Rhumbline Advisers raised its holdings in Life Time Group by 32.7% during the first quarter. Rhumbline Advisers now owns 121,552 shares of the company's stock worth $3,671,000 after acquiring an additional 29,980 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new stake in Life Time Group during the first quarter worth about $839,000. Institutional investors own 79.40% of the company's stock.

Insider Transactions at Life Time Group

In other news, Director John G. Danhakl sold 4,991,976 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 $144,517,705.20. Following the completion of the transaction, the director directly owned 24,906,061 shares in the company, valued at approximately $721,030,465.95. This represents a 16.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John Kristofer Galashan sold 4,991,976 shares of the stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $28.95, for a total value of $144,517,705.20. Following the completion of the transaction, the director owned 24,906,061 shares of the company's stock, valued at $721,030,465.95. The trade was a 16.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 10,739,034 shares of company stock valued at $310,886,597 over the last quarter. 8.70% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on LTH. Guggenheim reiterated a "buy" rating and set a $36.00 target price on shares of Life Time Group in a report on Tuesday, June 24th. 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 company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $35.92.

Life Time Group Stock Up 1.7%

NYSE LTH opened at $28.31 on Tuesday. The business has a fifty day moving average price of $28.43 and a two-hundred day moving average price of $29.26. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.65 and a quick ratio of 0.53. Life Time Group Holdings, Inc. has a fifty-two week low of $21.49 and a fifty-two week high of $34.99. The stock has a market capitalization of $6.23 billion, a PE ratio of 27.76 and a beta of 1.72.

Life Time Group (NYSE:LTH - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.04. Life Time Group had a return on equity of 9.05% and a net margin of 8.03%.The firm had revenue of $761.47 million during the quarter, compared to analysts' expectations of $752.33 million. During the same period in the prior year, the company earned $0.26 earnings per share. The company's quarterly revenue was up 14.0% on a year-over-year basis. Life Time Group has set its FY 2025 guidance at EPS. Equities analysts expect that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current fiscal year.

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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