Life Time Group Holdings, Inc. $LTH Stock Position Raised 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 grew its position in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 50.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 340,694 shares of the company's stock after purchasing an additional 114,429 shares during the quarter. AQR Capital Management LLC owned 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. Harbour Investments Inc. bought a new position in Life Time Group during the first quarter valued at about $36,000. Caitong International Asset Management Co. Ltd lifted its holdings in Life Time Group by 226.5% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,750 shares of the company's stock valued at $53,000 after acquiring an additional 1,214 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Life Time Group during the 1st quarter valued at about $74,000. Amalgamated Bank boosted its position in shares of Life Time Group by 42.3% during the 1st quarter. Amalgamated Bank now owns 2,898 shares of the company's stock valued at $88,000 after purchasing an additional 862 shares in the last quarter. Finally, KBC Group NV acquired a new position in shares of Life Time Group in the 1st quarter worth approximately $121,000. Institutional investors and hedge funds own 79.40% of the company's stock.

Life Time Group Stock Down 0.9%

NYSE:LTH traded down $0.25 during trading hours on Tuesday, hitting $28.01. 3,356,040 shares of the company's stock traded hands, compared to its average volume of 1,790,602. The stock's fifty day moving average price is $28.56 and its two-hundred day moving average price is $29.35. The firm has a market cap of $6.16 billion, a P/E ratio of 27.46 and a beta of 1.72. 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 Holdings, Inc. has a twelve month low of $21.49 and a twelve month high of $34.99.

Life Time Group (NYSE:LTH - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.04. The company had revenue of $761.47 million for the quarter, compared to analysts' expectations of $752.33 million. Life Time Group had a return on equity of 9.05% and a net margin of 8.03%.The business's revenue for the quarter was up 14.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.26 EPS. Life Time Group has set its FY 2025 guidance at EPS. On average, research analysts expect that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current fiscal year.

Insider Activity at Life Time Group

In other Life Time Group news, Director John Kristofer Galashan sold 4,991,976 shares of Life Time Group stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $28.95, for a total transaction of $144,517,705.20. Following the completion of the sale, the director owned 24,906,061 shares of the company's stock, valued at $721,030,465.95. This trade represents a 16.70% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Partners Group Private Equity sold 745,707 shares of the business's stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $28.95, for a total transaction of $21,588,217.65. Following the transaction, the insider owned 3,720,500 shares in the company, valued at approximately $107,708,475. This represents a 16.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 10,739,034 shares of company stock valued at $310,886,597. Company insiders own 8.70% of the company's stock.

Analysts Set New Price Targets

LTH has been the subject of several recent research reports. Wall Street Zen lowered shares of Life Time Group from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Craig Hallum raised Life Time Group to a "buy" rating and set a $45.00 price objective for the company in a research note on Friday, May 23rd. Finally, Guggenheim restated a "buy" rating and issued a $36.00 target price on shares of Life Time Group in a report on Tuesday, June 24th. Eight equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $35.92.

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.