Ieq Capital LLC Takes Position in Life Time Group Holdings, Inc. $LTH

Key Points

• Ieq Capital LLC has invested approximately $695,000 in Life Time Group Holdings by acquiring 23,013 shares as part of their new position in the first quarter.
• Life Time Group's stock performance reflects a current market cap of $6.05 billion and a share value of $27.49, marking a 1.5% decline recently.
• The company has received mixed ratings from analysts, with eight giving a "Buy" rating and five a "Hold," resulting in a consensus price target of $35.92.

Ieq Capital LLC acquired a new stake in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 23,013 shares of the company's stock, valued at approximately $695,000.

Several other hedge funds have also recently modified their holdings of LTH. Bank of New York Mellon Corp raised its position in Life Time Group by 41.5% during the 1st quarter. Bank of New York Mellon Corp now owns 311,226 shares of the company's stock worth $9,399,000 after buying an additional 91,311 shares during the last quarter. Deutsche Bank AG boosted its holdings in shares of Life Time Group by 23.3% in 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 period. Victory Capital Management Inc. lifted its holdings in Life Time Group by 94.5% in 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 period. PNC Financial Services Group Inc. purchased a new position in shares of Life Time Group in the first quarter valued at $230,000. Finally, Stifel Financial Corp acquired a new stake in Life Time Group in the 4th quarter worth about $714,000. Hedge funds and other institutional investors own 79.40% of the company's stock.

Insider Buying and Selling

In other news, EVP Parham Javaheri sold 84,744 shares of the business's stock in a transaction dated 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 transaction, the executive vice president directly owned 249,526 shares of the company's stock, valued at $6,946,803.84. The trade was a 25.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 8.70% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on LTH shares. Craig Hallum upgraded Life Time Group to a "buy" rating and set a $45.00 price target for the company in a report on Friday, May 23rd. Guggenheim reaffirmed a "buy" rating and set a $36.00 target price on shares of Life Time Group in a research report on Tuesday, June 24th. Finally, Wall Street Zen lowered Life Time Group from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Eight equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $35.92.

Life Time Group Price Performance

LTH traded up $0.14 during trading on Friday, hitting $28.97. The company's stock had a trading volume of 1,470,591 shares, compared to its average volume of 1,914,454. The firm's 50 day moving average price is $28.67 and its two-hundred day moving average price is $29.48. 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 Holdings, Inc. has a 12 month low of $21.49 and a 12 month high of $34.99. The stock has a market capitalization of $6.37 billion, a price-to-earnings ratio of 28.40 and a beta of 1.72.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.33 by $0.04. The firm had revenue of $761.47 million during 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 company's revenue was up 14.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.26 earnings per share. Life Time Group has set its FY 2025 guidance at EPS. Sell-side analysts forecast that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current fiscal 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.