Driehaus Capital Management LLC Acquires 211,117 Shares of Life Time Group Holdings, Inc. $LTH

Key Points

• Driehaus Capital Management LLC increased its stake in Life Time Group Holdings, acquiring 211,117 shares, bringing its total ownership to about 3.17 million shares, which represent 0.9% of its holdings.
• Several institutional investors, including Amalgamated Bank and Caitong International Asset Management, have also significantly increased their investments in Life Time Group during the first quarter.
• Analysts have issued mixed ratings on Life Time Group, with targets ranging from $34.00 to $45.00, indicating a generally positive outlook despite some downgrades to "hold" ratings.

Driehaus Capital Management LLC raised its holdings in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 7.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,166,786 shares of the company's stock after buying an additional 211,117 shares during the period. Life Time Group comprises 0.9% of Driehaus Capital Management LLC's portfolio, making the stock its 18th largest holding. Driehaus Capital Management LLC owned 1.48% of Life Time Group worth $95,637,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in LTH. Kapitalo Investimentos Ltda purchased a new stake in Life Time Group during the fourth quarter valued at approximately $33,000. Harbour Investments Inc. purchased a new stake in Life Time Group during the first quarter valued at approximately $36,000. Quarry LP increased its holdings in Life Time Group by 240.4% during 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 last quarter. Caitong International Asset Management Co. Ltd increased 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 valued at $53,000 after buying an additional 1,214 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Life Time Group during the first quarter valued at approximately $74,000. 79.40% of the stock is owned by hedge funds and other institutional investors.

Life Time Group Price Performance

Shares of LTH traded up $0.03 during mid-day trading on Wednesday, reaching $27.50. The stock had a trading volume of 486,999 shares, compared to its average volume of 2,509,000. 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 of $28.74 and a 200 day moving average of $29.57. Life Time Group Holdings, Inc. has a 12 month low of $21.49 and a 12 month high of $34.99. The firm has a market cap of $6.05 billion, a price-to-earnings ratio of 26.96 and a beta of 1.72.

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

Insider Activity

In related news, EVP Parham Javaheri sold 84,744 shares of the company's stock in a transaction on Thursday, June 12th. The shares were 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 approximately $6,946,803.84. This represents a 25.35% decrease in their ownership of the stock. The sale was disclosed in a legal 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 company's stock in a transaction on 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 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 position. The disclosure for this sale can be found here. Insiders have sold 23,557,530 shares of company stock valued at $691,887,874 in the last quarter. Company insiders own 8.70% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on LTH. Guggenheim reaffirmed a "buy" rating and set a $36.00 target price on shares of Life Time Group in a report on Tuesday, June 24th. Morgan Stanley upped their price target on shares of Life Time Group from $33.00 to $34.00 and gave the stock an "equal weight" rating in a research report on Friday, May 9th. Wall Street Zen lowered shares of Life Time Group from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Finally, Craig Hallum upgraded shares of Life Time Group to a "buy" rating and set a $45.00 price target for the company in a research report on Friday, May 23rd. Eight research 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 company presently has a consensus rating of "Moderate Buy" and a consensus price target of $35.92.

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.