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. decreased its holdings in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 5.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,826,225 shares of the company's stock after selling 98,236 shares during the period. American Century Companies Inc. owned approximately 0.85% of Life Time Group worth $55,152,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Harbour Investments Inc. acquired a new stake in shares of Life Time Group during the first quarter worth about $36,000. Kapitalo Investimentos Ltda purchased a new position in Life Time Group in the fourth quarter valued at about $33,000. Caitong International Asset Management Co. Ltd increased its holdings in 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 valued at $53,000 after buying an additional 1,214 shares in the last quarter. Sterling Capital Management LLC increased its holdings in Life Time Group by 892.6% in the fourth quarter. Sterling Capital Management LLC now owns 2,025 shares of the company's stock valued at $45,000 after buying an additional 1,821 shares in the last quarter. Finally, Quarry LP increased its holdings in Life Time Group by 240.4% in the fourth quarter. Quarry LP now owns 2,335 shares of the company's stock valued at $52,000 after buying an additional 1,649 shares in the last quarter. Institutional investors and hedge funds own 79.40% of the company's stock.

Wall Street Analyst Weigh In

LTH has been the subject of a number of research analyst reports. Wall Street Zen cut shares of Life Time Group from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Craig Hallum raised shares of Life Time Group to a "buy" rating and set a $45.00 target price for the company in a report on Friday, May 23rd. Morgan Stanley increased their target price 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. Finally, 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. Eight research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $35.92.

Insider Activity

In related news, EVP Parham Javaheri sold 84,744 shares of the firm's stock in a transaction that occurred 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 in the company, valued at approximately $6,946,803.84. This trade represents a 25.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Erik Weaver sold 18,000 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $28.74, for a total transaction of $517,320.00. Following the sale, the chief financial officer owned 86,611 shares in the company, valued at approximately $2,489,200.14. This trade represents a 17.21% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,548,155 shares of company stock valued at $691,624,905 in the last 90 days. Insiders own 8.70% of the company's stock.

Life Time Group Trading Down 2.7%

NYSE LTH traded down $0.78 during mid-day trading on Monday, reaching $28.30. 944,755 shares of the stock were exchanged, compared to its average volume of 2,647,639. Life Time Group Holdings, Inc. has a 1-year low of $21.49 and a 1-year high of $34.99. The business's fifty day simple moving average is $28.77 and its 200 day simple moving average is $29.72. The stock has a market capitalization of $6.23 billion, a PE ratio of 27.75 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 announced its earnings results on Tuesday, August 5th. The company reported $0.37 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $752.33 million. During the same quarter last year, the business earned $0.26 earnings per share. Life Time Group's revenue was up 14.0% compared to the same quarter last year. Life Time Group has set its FY 2025 guidance at EPS. On average, research analysts anticipate that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current fiscal 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.