Life Time Group Holdings, Inc. $LTH Shares Sold by Walleye Capital LLC

Key Points

• Walleye Capital LLC reduced its stake in Life Time Group Holdings by 77.6%, selling over 45,000 shares in the first quarter, leaving them with 13,235 shares valued at $400,000.
• Insider sales included CFO Erik Weaver, who sold 18,000 shares for over $517,000, representing a 17.21% decrease in his holdings.
• Life Time Group reported earnings of $0.37 EPS for the last quarter, surpassing estimates, and achieved a 14% year-over-year revenue increase totaling $761.47 million.

Walleye Capital LLC trimmed its holdings in Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 77.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,235 shares of the company's stock after selling 45,810 shares during the quarter. Walleye Capital LLC's holdings in Life Time Group were worth $400,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LTH. Harbour Investments Inc. purchased a new stake in Life Time Group in the first quarter valued at approximately $36,000. Caitong International Asset Management Co. Ltd lifted its stake 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 during the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Life Time Group in the first quarter valued at approximately $74,000. Amalgamated Bank lifted its stake in Life Time Group by 42.3% in the first quarter. Amalgamated Bank now owns 2,898 shares of the company's stock valued at $88,000 after buying an additional 862 shares during the last quarter. Finally, Fortress Investment Group LLC purchased a new stake in Life Time Group in the fourth quarter valued at approximately $120,000. 79.40% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Erik Weaver sold 18,000 shares of the company's stock in a transaction 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 transaction, the chief financial officer owned 86,611 shares of the company's stock, valued at $2,489,200.14. This represents a 17.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Ritadhwaja Jebens Singh sold 134,247 shares of the company's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $28.80, for a total value of $3,866,313.60. Following the transaction, the executive vice president directly owned 133,189 shares in the company, valued at $3,835,843.20. This represents a 50.20% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,557,530 shares of company stock valued at $691,887,874 over the last three months. 8.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Wall Street Zen cut Life Time Group from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Craig Hallum upgraded 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. Guggenheim reiterated a "buy" rating and issued a $36.00 price objective on shares of Life Time Group in a research note on Tuesday, June 24th. Finally, Morgan Stanley upped their price target on Life Time Group from $33.00 to $34.00 and gave the stock an "equal weight" rating in a research note on Friday, May 9th. Eight research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Life Time Group has an average rating of "Moderate Buy" and a consensus target price of $35.92.

Life Time Group Price Performance

Life Time Group stock opened at $27.49 on Wednesday. Life Time Group Holdings, Inc. has a 12 month low of $21.49 and a 12 month high of $34.99. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.65 and a quick ratio of 0.53. The business has a 50 day simple moving average of $28.74 and a 200-day simple moving average of $29.57. The stock has a market capitalization of $6.05 billion, a PE ratio of 26.95 and a beta of 1.72.

Life Time Group (NYSE:LTH - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported $0.37 EPS for the quarter, topping the consensus estimate 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 analysts' expectations of $752.33 million. During the same quarter in the prior year, the business earned $0.26 earnings per share. The company's quarterly revenue was up 14.0% compared to the same quarter last year. Life Time Group has set its FY 2025 guidance at EPS. Equities analysts predict that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current 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.

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