HBK Investments L P Makes New $1.21 Million Investment in Life Time Group Holdings, Inc. $LTH

Key Points

• HBK Investments L P has acquired 40,000 shares of Life Time Group Holdings, valued at approximately $1.2 million, marking a new position according to their latest SEC filing.
• Life Time Group recently reported a quarterly earnings per share (EPS) of $0.37, exceeding analyst expectations, with revenues increasing by 14% year-over-year.
• Wall Street analysts have mixed ratings on Life Time Group, with the consensus showing 8 Buy and 5 Hold ratings, and a target price averaging around $35.92.

HBK Investments L P purchased a new stake in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 40,000 shares of the company's stock, valued at approximately $1,208,000.

Several other institutional investors have also added to or reduced their stakes in LTH. Ameriprise Financial Inc. boosted its position in Life Time Group by 1,729.3% during the first quarter. Ameriprise Financial Inc. now owns 5,066,245 shares of the company's stock valued at $154,547,000 after buying an additional 4,789,288 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Life Time Group by 32.2% during the first quarter. Vanguard Group Inc. now owns 9,365,193 shares of the company's stock worth $282,829,000 after purchasing an additional 2,282,007 shares during the period. Burkehill Global Management LP purchased a new stake in shares of Life Time Group during the first quarter worth about $46,473,000. Wedge Capital Management L L P NC purchased a new stake in shares of Life Time Group during the first quarter worth about $40,471,000. Finally, Nuveen LLC purchased a new stake in shares of Life Time Group during the first quarter worth about $37,889,000. 79.40% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LTH has been the subject of a number of analyst reports. Wall Street Zen lowered 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 target price for the company in a report on Friday, May 23rd. Morgan Stanley increased 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. Finally, Guggenheim restated a "buy" rating and issued a $36.00 price objective on shares of Life Time Group in a 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 data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $35.92.

Life Time Group Stock Up 0.5%

Shares of NYSE LTH traded up $0.14 on Friday, reaching $28.97. 1,470,591 shares of the company's stock traded hands, compared to its average volume of 1,914,454. Life Time Group Holdings, Inc. has a 12 month low of $21.49 and a 12 month high of $34.99. The business's 50 day simple moving average is $28.67 and its two-hundred day simple moving average is $29.51. The company has a market cap of $6.37 billion, a price-to-earnings ratio of 28.40 and a beta of 1.72. The company has a quick ratio of 0.53, a current ratio of 0.65 and a debt-to-equity ratio of 0.52.

Life Time Group (NYSE:LTH - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $0.37 earnings per share for the quarter, beating analysts' consensus estimates of $0.33 by $0.04. The business had revenue of $761.47 million during the quarter, compared to the consensus estimate of $752.33 million. Life Time Group had a net margin of 8.03% and a return on equity of 9.05%. The business's revenue for the quarter was up 14.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.26 earnings per share. Life Time Group has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that Life Time Group Holdings, Inc. will post 0.74 EPS for the current fiscal year.

Insider Buying and Selling at Life Time Group

In related news, EVP Parham Javaheri sold 9,375 shares of the firm's stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $28.05, for a total transaction of $262,968.75. Following the completion of the sale, the executive vice president owned 240,151 shares of the company's stock, valued at $6,736,235.55. This trade represents a 3.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 8.70% of the stock is owned by company insiders.

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.