Invesco Ltd. Boosts Stock Holdings in Life Time Group Holdings, Inc. $LTH

Key Points

• Invesco Ltd. increased its stake in Life Time Group Holdings, Inc. by 23.8%, owning approximately 1.07% of the company, valued at about $69.1 million as of its latest SEC filing.
• Several institutional investors increased their positions in Life Time Group, with Vanguard Group Inc. growing its stake by 32.2% and now holding over $282.8 million in shares.
• Life Time Group's quarterly earnings exceeded analyst expectations, reporting $0.37 EPS and a revenue of $761.47 million, reflecting a 14% year-over-year increase.

Invesco Ltd. increased its position in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 23.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,289,180 shares of the company's stock after purchasing an additional 440,045 shares during the period. Invesco Ltd. owned 1.07% of Life Time Group worth $69,133,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of LTH. Wells Fargo & Company MN grew its stake in shares of Life Time Group by 13.6% during the fourth quarter. Wells Fargo & Company MN now owns 44,574 shares of the company's stock worth $986,000 after purchasing an additional 5,325 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Life Time Group by 891.0% during the fourth quarter. Envestnet Asset Management Inc. now owns 175,332 shares of the company's stock worth $3,878,000 after purchasing an additional 157,639 shares in the last quarter. Russell Investments Group Ltd. grew its stake in shares of Life Time Group by 11.7% during the fourth quarter. Russell Investments Group Ltd. now owns 50,283 shares of the company's stock worth $1,112,000 after purchasing an additional 5,252 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Life Time Group during the fourth quarter worth $307,000. Finally, Sterling Capital Management LLC grew its stake in shares of Life Time Group by 892.6% during the fourth quarter. Sterling Capital Management LLC now owns 2,025 shares of the company's stock worth $45,000 after purchasing an additional 1,821 shares in the last quarter. Institutional investors and hedge funds own 79.40% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Guggenheim reissued a "buy" rating and issued a $36.00 price target on shares of Life Time Group in a research report on Tuesday, June 24th. Morgan Stanley upped their target price 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. Craig Hallum raised Life Time Group to a "buy" rating and set a $45.00 target price for the company in a research report on Friday, May 23rd. Finally, Wall Street Zen cut 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 given a Hold rating to the stock. According to MarketBeat.com, Life Time Group has an average rating of "Moderate Buy" and a consensus target price of $35.92.

Insiders Place Their Bets

In other news, CFO Erik Weaver sold 18,000 shares of the company's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $28.74, for a total value of $517,320.00. Following the completion of the sale, the chief financial officer directly owned 86,611 shares of the company's stock, valued at approximately $2,489,200.14. This represents a 17.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John Kristofer Galashan sold 11,655,582 shares of the company's stock in a transaction dated 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 of the company's stock, valued at $878,404,327.06. The trade was a 28.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,548,155 shares of company stock valued at $691,624,905. 8.70% of the stock is owned by insiders.

Life Time Group Stock Performance

Shares of NYSE:LTH traded up $0.2570 on Thursday, reaching $28.3270. The company's stock had a trading volume of 1,893,613 shares, compared to its average volume of 2,671,324. The stock's 50-day moving average is $28.71 and its two-hundred day moving average is $29.76. 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 debt-to-equity ratio of 0.52, a current ratio of 0.65 and a quick ratio of 0.53. The stock has a market capitalization of $6.23 billion, a P/E ratio of 27.77 and a beta of 1.73.

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