Charles Schwab Investment Management Inc. Grows Stock Holdings in Life Time Group Holdings, Inc. $LTH

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Life Time Group Holdings by 30.7%, owning 787,109 shares valued at approximately $23.77 million as of the latest SEC filing.
• Insider transactions included executive sales totaling over $691 million in the last three months, with insiders owning 8.70% of the stock post-sales.
• Life Time Group's stock is currently rated as a Moderate Buy by analysts, with a consensus target price of $35.92, reflecting optimism in its future performance.

Charles Schwab Investment Management Inc. grew its stake in Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 30.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 787,109 shares of the company's stock after purchasing an additional 184,738 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.37% of Life Time Group worth $23,771,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of Life Time Group by 32.2% in the first quarter. Vanguard Group Inc. now owns 9,365,193 shares of the company's stock valued at $282,829,000 after purchasing an additional 2,282,007 shares in the last quarter. PNC Financial Services Group Inc. acquired a new position in Life Time Group in the first quarter valued at approximately $230,000. Alberta Investment Management Corp lifted its holdings in Life Time Group by 7.3% in the first quarter. Alberta Investment Management Corp now owns 95,676 shares of the company's stock valued at $2,889,000 after acquiring an additional 6,482 shares during the last quarter. Harbour Investments Inc. acquired a new position in Life Time Group in the first quarter valued at approximately $36,000. Finally, Natixis Advisors LLC lifted its holdings in Life Time Group by 16.3% in the first quarter. Natixis Advisors LLC now owns 41,830 shares of the company's stock valued at $1,263,000 after acquiring an additional 5,856 shares during the last quarter. 79.40% of the stock is currently owned by hedge funds and other institutional investors.

Life Time Group Stock Up 2.7%

Shares of NYSE LTH traded up $0.76 during mid-day trading on Friday, hitting $29.07. The company had a trading volume of 1,514,409 shares, compared to its average volume of 2,657,963. The company has a market capitalization of $6.40 billion, a PE ratio of 26.44 and a beta of 1.73. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.65 and a quick ratio of 0.53. Life Time Group Holdings, Inc. has a 1-year low of $21.49 and a 1-year high of $34.99. The business's 50-day simple moving average is $28.75 and its 200 day simple moving average is $29.75.

Life Time Group (NYSE:LTH - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.33 by $0.04. The firm had revenue of $761.47 million for the quarter, compared to analyst estimates 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 revenue for the quarter was up 14.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.26 earnings per share. Life Time Group has set its FY 2025 guidance at EPS. On average, analysts predict that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current year.

Insider Activity at Life Time Group

In other Life Time Group news, EVP Ritadhwaja Jebens Singh sold 134,247 shares of the firm's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $28.80, for a total transaction of $3,866,313.60. Following the transaction, the executive vice president owned 133,189 shares of the company's stock, valued at approximately $3,835,843.20. This trade represents a 50.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John G. Danhakl sold 11,655,582 shares of the firm's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $29.38, for a total value of $342,440,999.16. Following the transaction, the director directly owned 29,898,037 shares in the company, valued at approximately $878,404,327.06. The trade was a 28.05% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,548,155 shares of company stock valued at $691,624,905. Corporate insiders own 8.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on LTH shares. Craig Hallum upgraded Life Time Group to a "buy" rating and set a $45.00 price objective on the stock in a report on Friday, May 23rd. Morgan Stanley upped their price target on Life Time Group from $33.00 to $34.00 and gave the stock an "equal weight" rating in a research note on Friday, May 9th. Wall Street Zen cut Life Time Group from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Finally, 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. Eight investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $35.92.

Life Time Group Company 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.