HighTower Advisors LLC Acquires Shares of 14,439 Life Time Group Holdings, Inc. $LTH

Key Points

• HighTower Advisors LLC has made a new investment of approximately $436,000 in Life Time Group Holdings, acquiring 14,439 shares during the first quarter.
• Life Time Group's stock is rated as a "Moderate Buy" with a consensus price target of $35.92, despite some analysts adjusting their ratings recently.
• The company reported $761.47 million in revenue for the last quarter, exceeding analyst estimates and reflecting a 14.0% increase year-over-year.

HighTower Advisors LLC bought a new stake in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 14,439 shares of the company's stock, valued at approximately $436,000.

A number of other hedge funds have also added to or reduced their stakes in LTH. Raymond James Financial Inc. purchased a new position in Life Time Group during the 4th quarter valued at about $307,000. MetLife Investment Management LLC grew its holdings in Life Time Group by 6.5% during the 4th quarter. MetLife Investment Management LLC now owns 36,538 shares of the company's stock valued at $808,000 after buying an additional 2,216 shares in the last quarter. Stifel Financial Corp purchased a new position in Life Time Group during the 4th quarter valued at about $714,000. Price T Rowe Associates Inc. MD grew its holdings in Life Time Group by 12.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 39,397 shares of the company's stock valued at $872,000 after buying an additional 4,328 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in Life Time Group by 5.5% during the 4th quarter. The Manufacturers Life Insurance Company now owns 45,689 shares of the company's stock valued at $1,011,000 after buying an additional 2,391 shares in the last quarter. Hedge funds and other institutional investors own 79.40% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on LTH shares. Wall Street Zen lowered Life Time Group from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Craig Hallum upgraded 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 lifted their price target on 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 set 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 issued a Hold rating to the company's stock. According to data from MarketBeat, Life Time Group currently has an average rating of "Moderate Buy" and a consensus target price of $35.92.

Insiders Place Their Bets

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

Life Time Group Price Performance

NYSE:LTH traded up $0.14 during mid-day trading on Friday, reaching $28.97. The stock had a trading volume of 1,470,591 shares, compared to its average volume of 1,914,454. The firm has a 50 day moving average price of $28.67 and a two-hundred day moving average price of $29.51. The stock has a market capitalization of $6.37 billion, a P/E ratio of 28.40 and a beta of 1.72. Life Time Group Holdings, Inc. has a one year low of $21.49 and a one year 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.

Life Time Group (NYSE:LTH - Get Free Report) last released 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 company 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%.Life Time Group's quarterly revenue was up 14.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.26 EPS. Life Time Group has set its FY 2025 guidance at EPS. As a group, analysts expect that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current year.

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.