Life Time Group Holdings, Inc. $LTH Shares Sold by American Century Companies Inc.

Key Points

• American Century Companies Inc. reduced its stake in Life Time Group Holdings by 5.1%, now holding approximately 1,826,225 shares valued at $55.15 million.
• Several investors, including Wells Fargo and Envestnet Asset Management, have increased their holdings in Life Time Group, contributing to a 79.40% institutional ownership of the company’s stock.
• Life Time Group reported $0.37 earnings per share for the recent quarter, surpassing analyst expectations, while also noting a revenue increase of 14.0% compared to the same period last year.

American Century Companies Inc. lowered its position in Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 5.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,826,225 shares of the company's stock after selling 98,236 shares during the quarter. American Century Companies Inc. owned about 0.85% of Life Time Group worth $55,152,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Kapitalo Investimentos Ltda bought a new position in shares of Life Time Group in the fourth quarter worth about $33,000. Harbour Investments Inc. bought a new position in shares of Life Time Group in the first quarter worth about $36,000. Sterling Capital Management LLC grew its holdings in shares of Life Time Group by 892.6% in 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 during the last quarter. Quarry LP grew its holdings in shares of Life Time Group by 240.4% in the fourth quarter. Quarry LP now owns 2,335 shares of the company's stock worth $52,000 after purchasing an additional 1,649 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its holdings in shares of Life Time Group by 226.5% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,750 shares of the company's stock worth $53,000 after purchasing an additional 1,214 shares during the last quarter. Hedge funds and other institutional investors own 79.40% of the company's stock.

Insider Activity at Life Time Group

In other Life Time Group news, EVP Parham Javaheri sold 84,744 shares of Life Time Group stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $27.84, for a total transaction of $2,359,272.96. Following the sale, the executive vice president 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 SEC, which is available through this hyperlink. Also, Director John G. Danhakl sold 11,655,582 shares of the business'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 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. Insiders have sold a total of 23,548,155 shares of company stock worth $691,624,905 over the last 90 days. Corporate insiders own 8.70% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on LTH shares. Morgan Stanley upped their price target on shares of Life Time Group from $33.00 to $34.00 and gave the stock an "equal weight" rating in a report on Friday, May 9th. Craig Hallum upgraded shares of Life Time Group to a "buy" rating and set a $45.00 price target on the stock in a report on Friday, May 23rd. Guggenheim reiterated a "buy" rating and issued a $36.00 target price on shares of Life Time Group in a research note on Tuesday, June 24th. Finally, Wall Street Zen cut shares of Life Time Group from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Eight research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Life Time Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $35.92.

Life Time Group Price Performance

Life Time Group stock traded up $0.76 during trading on Friday, reaching $29.07. The company had a trading volume of 1,514,409 shares, compared to its average volume of 2,657,963. The firm's 50-day simple moving average is $28.75 and its 200 day simple moving average is $29.75. Life Time Group Holdings, Inc. has a 1-year low of $21.49 and a 1-year high of $34.99. The firm has a market capitalization of $6.40 billion, a PE ratio of 28.50 and a beta of 1.73. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.53 and a current ratio of 0.65.

Life Time Group (NYSE:LTH - Get Free Report) last released its quarterly 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. Life Time Group had a net margin of 8.03% and a return on equity of 9.05%. The firm had revenue of $761.47 million for the quarter, compared to analysts' expectations of $752.33 million. During the same quarter last year, the company earned $0.26 EPS. The firm's revenue for the quarter 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, equities research analysts anticipate that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current fiscal year.

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.