Graham Capital Management L.P. Boosts Stake in Life Time Group Holdings, Inc. $LTH

Key Points

• Graham Capital Management L.P. increased its stake in Life Time Group by 61.7%, acquiring a total of 125,959 shares valued at approximately $3.8 million.
• Various institutional investors also boosted their holdings, with 79.40% of the stock now owned by institutional investors.
• Life Time Group reported a quarterly EPS of $0.37, exceeding projections, along with a revenue of $761.47 million, marking a 14.0% year-over-year increase.

Graham Capital Management L.P. lifted its holdings in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 61.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 125,959 shares of the company's stock after purchasing an additional 48,064 shares during the period. Graham Capital Management L.P. owned 0.06% of Life Time Group worth $3,804,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its holdings in Life Time Group by 41.5% in the first quarter. Bank of New York Mellon Corp now owns 311,226 shares of the company's stock worth $9,399,000 after acquiring an additional 91,311 shares in the last quarter. Deutsche Bank AG increased its position in shares of Life Time Group by 23.3% during the first quarter. Deutsche Bank AG now owns 344,881 shares of the company's stock valued at $10,415,000 after acquiring an additional 65,146 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Life Time Group by 94.5% during the first quarter. Victory Capital Management Inc. now owns 129,899 shares of the company's stock valued at $3,923,000 after acquiring an additional 63,115 shares during the last quarter. PNC Financial Services Group Inc. bought a new stake in shares of Life Time Group in the first quarter valued at $230,000. Finally, Stifel Financial Corp bought a new stake in shares of Life Time Group in the fourth quarter valued at $714,000. Institutional investors own 79.40% of the company's stock.

Wall Street Analyst Weigh In

LTH has been the subject of a number of analyst reports. Wall Street Zen lowered Life Time Group from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Morgan Stanley lifted their price target on Life Time Group from $33.00 to $34.00 and gave the stock an "equal weight" rating in a research note on Friday, May 9th. Craig Hallum upgraded Life Time Group to a "buy" rating and set a $45.00 price objective on the stock in a research report on Friday, May 23rd. Finally, Guggenheim reissued a "buy" rating and issued a $36.00 target price on shares of Life Time Group in a research note on Tuesday, June 24th. Eight 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 an average target price of $35.92.

Life Time Group Stock Up 3.8%

Shares of LTH traded up $1.06 during mid-day trading on Thursday, reaching $28.82. The company had a trading volume of 1,899,534 shares, compared to its average volume of 2,516,626. 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 firm has a 50-day moving average price of $28.69 and a 200 day moving average price of $29.54. Life Time Group Holdings, Inc. has a 52 week low of $21.49 and a 52 week high of $34.99. The company has a market capitalization of $6.34 billion, a price-to-earnings ratio of 28.25 and a beta of 1.72.

Life Time Group (NYSE:LTH - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.37 EPS for the quarter, topping analysts' consensus estimates 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 return on equity of 9.05% and a net margin of 8.03%.The business's revenue for the quarter was up 14.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.26 EPS. 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 year.

Insiders Place Their Bets

In other Life Time Group news, Director John Kristofer Galashan sold 11,655,582 shares of the business's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $29.38, for a total transaction of $342,440,999.16. Following the completion of the sale, the director directly owned 29,898,037 shares in the company, valued at approximately $878,404,327.06. The trade was 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, Director John G. Danhakl sold 11,655,582 shares of the business's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $29.38, for a total transaction of $342,440,999.16. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,557,530 shares of company stock worth $691,887,874 in the last three months. Corporate insiders own 8.70% of the company's stock.

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.