Charles Schwab Investment Management Inc. Boosts Stake 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. increased its position in Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 30.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 787,109 shares of the company's stock after buying an additional 184,738 shares during the period. Charles Schwab Investment Management Inc. owned about 0.37% of Life Time Group worth $23,771,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Harbour Investments Inc. bought a new position in Life Time Group in the 1st quarter worth $36,000. Kapitalo Investimentos Ltda bought a new position in Life Time Group in the 4th quarter worth $33,000. Sterling Capital Management LLC boosted its holdings in Life Time Group by 892.6% in the 4th quarter. Sterling Capital Management LLC now owns 2,025 shares of the company's stock worth $45,000 after buying an additional 1,821 shares during the period. Quarry LP boosted its holdings in Life Time Group by 240.4% in the 4th quarter. Quarry LP now owns 2,335 shares of the company's stock worth $52,000 after buying an additional 1,649 shares during the period. Finally, Amalgamated Bank boosted its holdings in Life Time Group by 42.3% in the 1st quarter. Amalgamated Bank now owns 2,898 shares of the company's stock worth $88,000 after buying an additional 862 shares during the period. Institutional investors own 79.40% of the company's stock.

Life Time Group Price Performance

Shares of NYSE LTH traded down $0.05 during mid-day trading on Tuesday, hitting $28.22. 2,665,656 shares of the company's stock traded hands, compared to its average volume of 2,616,872. The company's 50-day moving average is $28.81 and its two-hundred day moving average is $29.71. 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 company has a market capitalization of $6.21 billion, a P/E ratio of 27.66 and a beta of 1.73. Life Time Group Holdings, Inc. has a 1 year low of $21.49 and a 1 year high of $34.99.

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

Insider Buying and Selling

In related news, Director John G. Danhakl sold 11,655,582 shares of the stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $29.38, for a total value of $342,440,999.16. Following the sale, the director directly owned 29,898,037 shares of the company's stock, valued at $878,404,327.06. This represents a 28.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Erik Weaver sold 18,000 shares of the stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $28.74, for a total transaction of $517,320.00. Following the completion of the sale, the chief financial officer directly owned 86,611 shares in the company, valued at $2,489,200.14. This trade represents a 17.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,548,155 shares of company stock worth $691,624,905 over the last three months. 8.70% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Guggenheim reaffirmed a "buy" rating and issued a $36.00 target price on shares of Life Time Group in a report on Tuesday, June 24th. Craig Hallum raised shares of Life Time Group to a "buy" rating and set a $45.00 price objective for the company in a report on Friday, May 23rd. Wall Street Zen downgraded shares of Life Time Group from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Finally, Morgan Stanley increased their price objective on shares of Life Time Group from $33.00 to $34.00 and gave the company an "equal weight" rating in a report on Friday, May 9th. Eight investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target 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.