Life Time Group Holdings, Inc. $LTH Shares Purchased 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. boosted its holdings in Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 29.1% in the first quarter, according to its most recent disclosure 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 about 1.12% of Life Time Group worth $72,166,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Harbour Investments Inc. acquired a new position in Life Time Group in the first quarter valued at approximately $36,000. Kapitalo Investimentos Ltda acquired a new position in Life Time Group in the fourth quarter valued at approximately $33,000. Caitong International Asset Management Co. Ltd boosted its holdings 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 purchasing an additional 1,214 shares in the last quarter. Sterling Capital Management LLC boosted 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 valued at $45,000 after purchasing an additional 1,821 shares in the last quarter. Finally, Quarry LP boosted its holdings in shares of 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 acquiring an additional 1,649 shares during the period. 79.40% of the stock is owned by institutional investors and hedge funds.

Life Time Group Stock Performance

Shares of NYSE LTH traded up $0.76 during mid-day trading on Friday, hitting $29.07. 1,514,409 shares of the company were exchanged, compared to its average volume of 2,647,639. 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 stock has a 50 day simple moving average of $28.75 and a 200-day simple moving average of $29.74. Life Time Group Holdings, Inc. has a 1-year low of $21.49 and a 1-year high of $34.99. The firm has a market cap of $6.40 billion, a price-to-earnings ratio of 28.50 and a beta of 1.73.

Life Time Group (NYSE:LTH - Get Free Report) last issued its quarterly 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. The firm 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%.The company's revenue for the quarter 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. On average, sell-side analysts forecast that Life Time Group Holdings, Inc. will post 0.74 EPS for the current fiscal year.

Insider Transactions at Life Time Group

In other news, EVP Parham Javaheri sold 84,744 shares of the firm's stock in a transaction on 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 transaction, the executive vice president owned 249,526 shares in the company, valued at $6,946,803.84. This trade represents a 25.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Erik Weaver sold 18,000 shares of the firm's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $28.74, for a total value of $517,320.00. Following the completion of the transaction, the chief financial officer owned 86,611 shares of the company's stock, valued at approximately $2,489,200.14. This represents a 17.21% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,548,155 shares of company stock valued at $691,624,905 in the last three months. Insiders own 8.70% of the company's stock.

Analyst Ratings Changes

LTH has been the topic of a number of recent research reports. Wall Street Zen cut shares of Life Time Group from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. 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. 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. Finally, Guggenheim reiterated a "buy" rating and issued a $36.00 price target on shares of Life Time Group in a research report on Tuesday, June 24th. Eight analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $35.92.

Life Time Group 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.