Life Time Group Holdings, Inc. $LTH Shares Acquired by AQR Capital Management LLC

Key Points

• AQR Capital Management LLC increased its holdings in Life Time Group by 50.6% during the first quarter, owning approximately 0.16% of the company worth $10,289,000 after acquiring an additional 114,429 shares.
• Life Time Group reported a 14.0% increase in quarterly revenue year-over-year, totaling $761.47 million, along with an earnings per share (EPS) of $0.37, exceeding analyst expectations.
• Institutional investors and hedge funds now own 79.40% of Life Time Group's stock, reflecting strong interest and involvement from major financial players.

AQR Capital Management LLC increased its holdings in Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 50.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 340,694 shares of the company's stock after acquiring an additional 114,429 shares during the quarter. AQR Capital Management LLC owned approximately 0.16% of Life Time Group worth $10,289,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of LTH. Ameriprise Financial Inc. lifted its stake in shares of Life Time Group by 1,729.3% in the first quarter. Ameriprise Financial Inc. now owns 5,066,245 shares of the company's stock worth $154,547,000 after acquiring an additional 4,789,288 shares in the last quarter. Vanguard Group Inc. raised its stake in Life Time Group by 32.2% during the first quarter. Vanguard Group Inc. now owns 9,365,193 shares of the company's stock valued at $282,829,000 after buying an additional 2,282,007 shares in the last quarter. Burkehill Global Management LP acquired a new stake in Life Time Group during the first quarter valued at approximately $46,473,000. Wedge Capital Management L L P NC acquired a new stake in Life Time Group during the first quarter valued at approximately $40,471,000. Finally, Nuveen LLC acquired a new stake in Life Time Group during the first quarter valued at approximately $37,889,000. Institutional investors and hedge funds own 79.40% of the company's stock.

Life Time Group Stock Performance

Shares of LTH stock opened at $28.48 on Thursday. Life Time Group Holdings, Inc. has a 12-month low of $21.49 and a 12-month high of $34.99. The firm has a market capitalization of $6.26 billion, a price-to-earnings ratio of 27.92 and a beta of 1.72. The business has a 50 day simple moving average of $28.61 and a 200 day simple moving average of $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.

Life Time Group (NYSE:LTH - Get Free Report) last issued its quarterly earnings data 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 return on equity of 9.05% and a net margin of 8.03%.The business had revenue of $761.47 million during the quarter, compared to analyst estimates of $752.33 million. During the same period in the prior year, the company posted $0.26 EPS. The business'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. On average, equities research analysts anticipate that Life Time Group Holdings, Inc. will post 0.74 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on LTH. Craig Hallum upgraded Life Time Group to a "buy" rating and set a $45.00 price objective on the stock in a research note on Friday, May 23rd. 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 reaffirmed a "buy" rating and set a $36.00 target price on shares of Life Time Group in a report on Tuesday, June 24th. Eight investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average 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 stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $28.05, for a total transaction of $262,968.75. Following the completion of the transaction, the executive vice president directly owned 240,151 shares of the company's stock, valued at approximately $6,736,235.55. This trade represents a 3.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 8.70% of the stock is owned by company insiders.

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.

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