Life Time Group Holdings, Inc. $LTH Shares Acquired by Rhumbline Advisers

Key Points

• Rhumbline Advisers increased its stake in Life Time Group Holdings, Inc. by 32.7%, owning 121,552 shares valued at approximately $3.67 million.
• Life Time Group's stock has been down by 2.8%, with a current market cap of $6.29 billion, and analysts expect an EPS of 0.74 for the current fiscal year.
• Life Time Group recently reported $0.37 earnings per share for the quarter, exceeding estimates, with total revenue rising by 14.0% from the previous year.

Rhumbline Advisers boosted its stake in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 32.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 121,552 shares of the company's stock after purchasing an additional 29,980 shares during the period. Rhumbline Advisers owned approximately 0.06% of Life Time Group worth $3,671,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Ameriprise Financial Inc. raised its stake in shares of Life Time Group by 1,729.3% in the 1st quarter. Ameriprise Financial Inc. now owns 5,066,245 shares of the company's stock valued at $154,547,000 after acquiring an additional 4,789,288 shares during the period. Vanguard Group Inc. raised its stake in shares of Life Time Group by 32.2% in the 1st quarter. Vanguard Group Inc. now owns 9,365,193 shares of the company's stock valued at $282,829,000 after acquiring an additional 2,282,007 shares during the period. Burkehill Global Management LP purchased a new position in shares of Life Time Group in the 1st quarter valued at $46,473,000. Goldman Sachs Group Inc. raised its stake in shares of Life Time Group by 143.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,422,304 shares of the company's stock valued at $73,154,000 after acquiring an additional 1,428,446 shares during the period. Finally, Wedge Capital Management L L P NC purchased a new position in shares of Life Time Group in the 1st quarter valued at $40,471,000. Hedge funds and other institutional investors own 79.40% of the company's stock.

Life Time Group Stock Down 2.8%

Life Time Group stock opened at $28.57 on Monday. The stock has a market cap of $6.29 billion, a price-to-earnings ratio of 28.01 and a beta of 1.72. The company has a current ratio of 0.65, a quick ratio of 0.53 and a debt-to-equity ratio of 0.52. The company's 50-day moving average price is $28.60 and its two-hundred day moving average price is $29.38. Life Time Group Holdings, Inc. has a 52 week low of $21.49 and a 52 week high of $34.99.

Life Time Group (NYSE:LTH - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $761.47 million for the quarter, compared to analysts' expectations of $752.33 million. During the same quarter in the previous year, the company posted $0.26 EPS. The business'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, analysts expect that Life Time Group Holdings, Inc. will post 0.74 EPS for the current fiscal year.

Analyst Ratings Changes

LTH has been the subject of a number of recent analyst reports. Wall Street Zen lowered 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 price target for the company in a report on Friday, May 23rd. Finally, Guggenheim reaffirmed a "buy" rating and set a $36.00 price target 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 given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $35.92.

Insider Activity at Life Time Group

In related news, EVP Parham Javaheri sold 9,375 shares of the firm's stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $28.05, for a total transaction of $262,968.75. Following the completion of the sale, the executive vice president directly owned 240,151 shares in the company, valued at approximately $6,736,235.55. This trade represents a 3.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 8.70% of the company's stock.

About Life Time Group

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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