Life Time Group Holdings, Inc. $LTH Stock Holdings Lifted by Fuller & Thaler Asset Management Inc.

Key Points

• Fuller & Thaler Asset Management Inc. has increased its stake in Life Time Group Holdings, Inc. by 29.1%, now owning 2,389,597 shares valued at approximately $72.17 million.
• Life Time Group reported quarterly earnings of $0.37 per share, exceeding analyst expectations and showcasing a 14.0% increase in revenue year-over-year.
• Insider trading activity has seen a significant sell-off, with executives selling over 23 million shares worth nearly $692 million in the past ninety days.

Fuller & Thaler Asset Management Inc. raised its holdings in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 29.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,389,597 shares of the company's stock after purchasing an additional 539,294 shares during the quarter. Fuller & Thaler Asset Management Inc. owned 1.12% of Life Time Group worth $72,166,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in LTH. Wells Fargo & Company MN boosted its holdings in Life Time Group by 13.6% in the fourth quarter. Wells Fargo & Company MN now owns 44,574 shares of the company's stock worth $986,000 after purchasing an additional 5,325 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of Life Time Group by 891.0% in the 4th quarter. Envestnet Asset Management Inc. now owns 175,332 shares of the company's stock worth $3,878,000 after buying an additional 157,639 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Life Time Group by 11.7% in the 4th quarter. Russell Investments Group Ltd. now owns 50,283 shares of the company's stock valued at $1,112,000 after buying an additional 5,252 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Life Time Group during the 4th quarter valued at about $307,000. Finally, Sterling Capital Management LLC lifted its holdings 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 worth $45,000 after acquiring an additional 1,821 shares during the last quarter. 79.40% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP Parham Javaheri sold 84,744 shares of the stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $27.84, for a total value of $2,359,272.96. Following the completion of the sale, the executive vice president directly owned 249,526 shares of the company's stock, valued at approximately $6,946,803.84. This represents a 25.35% 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 G. Danhakl sold 11,655,582 shares of Life Time Group stock in a transaction dated 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 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 position. 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 ninety days. Corporate insiders own 8.70% of the company's stock.

Life Time Group Trading Up 2.7%

Shares of NYSE:LTH traded up $0.76 during mid-day trading on Friday, hitting $29.07. The stock had a trading volume of 1,514,409 shares, compared to its average volume of 2,657,963. The company's 50 day moving average is $28.75 and its 200-day moving average is $29.75. Life Time Group Holdings, Inc. has a 12-month low of $21.49 and a 12-month high of $34.99. 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 company has a market cap of $6.40 billion, a PE ratio of 28.50 and a beta of 1.73.

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 for the quarter, topping the consensus estimate of $0.33 by $0.04. The firm had revenue of $761.47 million for the quarter, compared to analysts' expectations of $752.33 million. Life Time Group had a net margin of 8.03% and a return on equity of 9.05%. The company's quarterly revenue was up 14.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.26 EPS. Life Time Group has set its FY 2025 guidance at EPS. On average, sell-side analysts predict that Life Time Group Holdings, Inc. will post 0.74 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.