Rhumbline Advisers Purchases 29,980 Shares of Life Time Group Holdings, Inc. $LTH

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 grew its position in 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 and Exchange Commission (SEC). The institutional investor 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 quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in LTH. Bank of New York Mellon Corp lifted its stake in shares of Life Time Group by 41.5% in the 1st quarter. Bank of New York Mellon Corp now owns 311,226 shares of the company's stock valued at $9,399,000 after acquiring an additional 91,311 shares during the last quarter. Millennium Management LLC lifted its position in shares of Life Time Group by 65.7% during the 1st quarter. Millennium Management LLC now owns 2,038,781 shares of the company's stock worth $61,571,000 after buying an additional 808,715 shares in the last quarter. Integrity Alliance LLC. bought a new stake in shares of Life Time Group in the 1st quarter worth approximately $305,000. EFG Asset Management North America Corp. purchased a new position in Life Time Group in the first quarter worth $1,041,000. Finally, Jacobs Levy Equity Management Inc. bought a new position in shares of Life Time Group during the first quarter valued at about $28,355,000. Institutional investors and hedge funds own 79.40% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. 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. Wall Street Zen cut shares of Life Time Group from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Finally, Guggenheim reaffirmed a "buy" rating and issued a $36.00 price target 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 issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $35.92.

Insider Buying and Selling at Life Time Group

In related news, Director John G. Danhakl sold 4,991,976 shares of the company's stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $28.95, for a total value of $144,517,705.20. Following the sale, the director directly owned 24,906,061 shares of the company's stock, valued at $721,030,465.95. This represents a 16.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Parham Javaheri sold 9,375 shares of the stock in a transaction dated 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 transaction, the executive vice president owned 240,151 shares of the company's stock, valued at $6,736,235.55. This represents a 3.76% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 10,739,034 shares of company stock valued at $310,886,597. Insiders own 8.70% of the company's stock.

Life Time Group Stock Down 1.3%

Shares of NYSE LTH traded down $0.38 during mid-day trading on Friday, reaching $27.88. The company had a trading volume of 4,285,784 shares, compared to its average volume of 1,874,306. 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 firm has a 50 day simple moving average of $28.46 and a two-hundred day simple moving average of $29.30. The stock has a market cap of $6.13 billion, a P/E ratio of 27.34 and a beta of 1.72. 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 EPS for the quarter, beating 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 firm had revenue of $761.47 million during the quarter, compared to analysts' expectations of $752.33 million. During the same quarter last year, the business earned $0.26 earnings per share. 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. Sell-side analysts predict that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current 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.