Life Time Group Holdings, Inc. $LTH is Granahan Investment Management LLC's 9th Largest Position

Key Points

• Granahan Investment Management LLC reduced its stake in Life Time Group Holdings by 4.7%, selling 77,365 shares, but still holds approximately 1,560,944 shares, making this stock its 9th largest position.
• Life Time Group's shares gained 3.8%, with a current price of $28.82 and a market capitalization of $6.34 billion, while the company recently reported earnings per share of $0.37, exceeding expectations.
• Several institutional investors, including Ameriprise Financial and Vanguard Group, significantly increased their stakes in Life Time Group during the first quarter, indicating strong institutional interest with 79.40% of the company now owned by such investors.

Granahan Investment Management LLC trimmed its stake in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 4.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,560,944 shares of the company's stock after selling 77,365 shares during the quarter. Life Time Group accounts for 2.3% of Granahan Investment Management LLC's portfolio, making the stock its 9th largest holding. Granahan Investment Management LLC owned approximately 0.71% of Life Time Group worth $47,141,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Harbour Investments Inc. acquired a new position in shares of Life Time Group in the 1st quarter worth approximately $36,000. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Life Time Group by 226.5% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,750 shares of the company's stock worth $53,000 after acquiring an additional 1,214 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Life Time Group in the 1st quarter worth approximately $74,000. Amalgamated Bank boosted its holdings in shares of Life Time Group by 42.3% in the 1st quarter. Amalgamated Bank now owns 2,898 shares of the company's stock worth $88,000 after acquiring an additional 862 shares in the last quarter. Finally, KBC Group NV acquired a new position in shares of Life Time Group in the 1st quarter worth approximately $121,000. 79.40% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Life Time Group

In related news, EVP Parham Javaheri sold 84,744 shares of the 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 transaction, the executive vice president owned 249,526 shares of the company's stock, valued at approximately $6,946,803.84. This trade represents a 25.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 8.70% of the company's stock.

Life Time Group Stock Performance

Shares of LTH stock traded down $0.26 during trading on Wednesday, reaching $28.38. 358,166 shares of the company's stock traded hands, compared to its average volume of 2,490,859. The company has a market capitalization of $6.24 billion, a P/E ratio of 27.82 and a beta of 1.72. The company has a current ratio of 0.65, a quick ratio of 0.53 and a debt-to-equity ratio of 0.52. The firm's 50-day moving average is $28.63 and its 200 day moving average is $29.44. Life Time Group Holdings, Inc. has a 1 year low of $21.49 and a 1 year high of $34.99.

Life Time Group (NYSE:LTH - Get Free Report) last posted 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. The business had revenue of $761.47 million for the quarter, compared to analyst estimates of $752.33 million. Life Time Group had a net margin of 8.03% and a return on equity of 9.05%. Life Time Group's revenue was up 14.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.26 EPS. Life Time Group has set its FY 2025 guidance at EPS. Equities research analysts expect that Life Time Group Holdings, Inc. will post 0.74 EPS for the current year.

Wall Street Analysts Forecast Growth

LTH has been the subject of several research analyst reports. Guggenheim restated a "buy" rating and issued a $36.00 price objective on shares of Life Time Group in a research report on Tuesday, June 24th. Craig Hallum upgraded shares of Life Time Group to a "buy" rating and set a $45.00 price objective for the company in a research report on Friday, May 23rd. Finally, Wall Street Zen cut shares of Life Time Group from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Eight investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, Life Time Group presently has a consensus rating of "Moderate Buy" and a consensus target price 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.