23,278 Shares in Life Time Group Holdings, Inc. $LTH Acquired by FORA Capital LLC

Key Points

• FORA Capital LLC purchased 23,278 shares of Life Time Group Holdings, valued at approximately $703,000, during the first quarter, contributing to the firm's growing stake in the company.
• Analysts have provided mixed ratings for Life Time Group, with Morgan Stanley raising its target price to $34.00 while others have downgraded their ratings, reflecting a consensus of eight buy ratings and five hold ratings.
• Life Time Group reported earnings of $0.37 per share for the last quarter, exceeding expectations and demonstrating a 14.0% year-over-year revenue growth.

FORA Capital LLC bought a new stake in Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 23,278 shares of the company's stock, valued at approximately $703,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of LTH. Wells Fargo & Company MN raised its position in Life Time Group by 13.6% in the 4th quarter. Wells Fargo & Company MN now owns 44,574 shares of the company's stock valued at $986,000 after purchasing an additional 5,325 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Life Time Group in the 4th quarter valued at $307,000. MetLife Investment Management LLC raised its position in Life Time Group by 6.5% in the 4th quarter. MetLife Investment Management LLC now owns 36,538 shares of the company's stock valued at $808,000 after purchasing an additional 2,216 shares during the last quarter. Stifel Financial Corp purchased a new stake in Life Time Group in the 4th quarter valued at $714,000. Finally, Price T Rowe Associates Inc. MD raised its position in Life Time Group by 12.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 39,397 shares of the company's stock valued at $872,000 after purchasing an additional 4,328 shares during the last quarter. Hedge funds and other institutional investors own 79.40% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on LTH shares. Morgan Stanley upped their price target on shares of Life Time Group from $33.00 to $34.00 and gave the company an "equal weight" rating in a research report on Friday, May 9th. Guggenheim reaffirmed a "buy" rating and set a $36.00 price target on shares of Life Time Group in a report on Tuesday, June 24th. Craig Hallum raised Life Time Group to a "buy" rating and set a $45.00 price target for the company in a report on Friday, May 23rd. Finally, Wall Street Zen downgraded 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 issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $35.92.

Insider Activity

In other Life Time Group news, Director John Kristofer Galashan sold 11,655,582 shares of the firm's stock in a transaction dated 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 approximately $878,404,327.06. This trade represents a 28.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Erik Weaver sold 18,000 shares of the firm's stock in a transaction dated 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 approximately $2,489,200.14. The trade was a 17.21% decrease in their ownership of the stock. 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 in the last quarter. Corporate insiders own 8.70% of the company's stock.

Life Time Group Price Performance

NYSE:LTH traded down $0.18 during trading hours on Monday, hitting $27.91. The company's stock had a trading volume of 1,290,059 shares, compared to its average volume of 2,513,472. The business's 50-day moving average is $28.82 and its two-hundred day moving average is $29.62. The company has a market capitalization of $6.14 billion, a PE ratio of 27.36 and a beta of 1.72. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.53 and a current ratio of 0.65. Life Time Group Holdings, Inc. has a 52-week low of $21.49 and a 52-week high of $34.99.

Life Time Group (NYSE:LTH - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.37 earnings per share (EPS) 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 quarter in the prior year, the business posted $0.26 earnings per share. Life Time Group's revenue was up 14.0% compared to the same quarter last year. Life Time Group has set its FY 2025 guidance at EPS. As a group, research analysts anticipate that Life Time Group Holdings, Inc. will post 0.74 EPS 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.