Jacobs Levy Equity Management Inc. Takes Position in Life Time Group Holdings, Inc. $LTH

Key Points

• Jacobs Levy Equity Management Inc. has taken a significant position in Life Time Group Holdings, acquiring 938,900 shares valued at approximately $28.36 million, representing 0.43% ownership at the end of the last quarter.
• Life Time Group's latest quarterly earnings report revealed an earnings per share (EPS) of $0.37, surpassing estimates and indicating a 14% revenue increase compared to the previous year.
• Analysts maintain a consensus rating of "Moderate Buy" for Life Time Group, with a target price of $35.92, reflecting positive sentiment around the company's performance and growth potential.

Jacobs Levy Equity Management Inc. bought a new position in Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 938,900 shares of the company's stock, valued at approximately $28,355,000. Jacobs Levy Equity Management Inc. owned approximately 0.43% of Life Time Group as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LTH. Raymond James Financial Inc. purchased a new stake in Life Time Group in the 4th quarter worth approximately $307,000. Stifel Financial Corp acquired a new position in shares of Life Time Group during the 4th quarter worth $714,000. Price T Rowe Associates Inc. MD increased its stake in shares of 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 worth $872,000 after purchasing an additional 4,328 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of 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 worth $1,011,000 after purchasing an additional 2,391 shares during the last quarter. Finally, Northern Trust Corp increased its stake in shares of Life Time Group by 9.8% during the 4th quarter. Northern Trust Corp now owns 701,934 shares of the company's stock worth $15,527,000 after purchasing an additional 62,458 shares during the last quarter. Hedge funds and other institutional investors own 79.40% of the company's stock.

Life Time Group Stock Performance

NYSE:LTH traded up $0.86 during midday trading on Thursday, reaching $29.36. The stock had a trading volume of 614,194 shares, compared to its average volume of 2,486,451. Life Time Group Holdings, Inc. has a 1-year low of $21.49 and a 1-year high of $34.99. The firm's fifty day simple moving average is $28.61 and its 200-day simple moving average is $29.43. 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 $6.46 billion, a P/E ratio of 28.76 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 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% compared to the same quarter last year. During the same period last year, the business posted $0.26 EPS. Life Time Group has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that Life Time Group Holdings, Inc. will post 0.74 EPS for the current fiscal year.

Wall Street Analyst Weigh In

LTH has been the topic of several analyst reports. Wall Street Zen lowered shares of Life Time Group from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Guggenheim restated a "buy" rating and set a $36.00 price target on shares of Life Time Group in a research note on Tuesday, June 24th. Finally, Craig Hallum upgraded shares of Life Time Group to a "buy" rating and set a $45.00 target price on the stock in a research note on Friday, May 23rd. Eight analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Life Time Group presently has an average rating of "Moderate Buy" and a consensus price target of $35.92.

Insider Transactions at Life Time Group

In other Life Time Group news, EVP Parham Javaheri sold 9,375 shares of the firm's stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $28.05, for a total value of $262,968.75. Following the sale, the executive vice president directly owned 240,151 shares in the company, valued at $6,736,235.55. This trade represents a 3.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 8.70% of the stock is owned by corporate 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.