Life Time Group Holdings, Inc. $LTH is Leonard Green & Partners L.P.'s 2nd Largest Position

Key Points

• Leonard Green & Partners L.P. has reduced its stake in Life Time Group Holdings, Inc. by 19.2%, now holding approximately 41.6 million shares, making it the second largest holding in their portfolio.
• Several large investors have increased their stakes in Life Time Group, with Bank of New York Mellon Corp raising its position by 41.5% and Victory Capital Management increasing its holdings by 94.5% during the first quarter.
• The company reported earnings of $0.37 per share for the quarter, surpassing analyst estimates, while the revenue increased by 14% year-over-year to $761.47 million.

Leonard Green & Partners L.P. reduced its position in Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 19.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 41,553,619 shares of the company's stock after selling 9,871,687 shares during the quarter. Life Time Group makes up about 30.9% of Leonard Green & Partners L.P.'s holdings, making the stock its 2nd largest position. Leonard Green & Partners L.P. owned about 18.94% of Life Time Group worth $1,254,919,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the company. Vanguard Group Inc. increased its position in Life Time Group by 32.2% in the first quarter. Vanguard Group Inc. now owns 9,365,193 shares of the company's stock worth $282,829,000 after buying an additional 2,282,007 shares during the last quarter. Ameriprise Financial Inc. raised its holdings 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 in the last quarter. Driehaus Capital Management LLC raised its holdings in shares of Life Time Group by 7.1% in the 1st quarter. Driehaus Capital Management LLC now owns 3,166,786 shares of the company's stock valued at $95,637,000 after acquiring an additional 211,117 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its holdings in shares of Life Time Group by 29.1% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 2,389,597 shares of the company's stock valued at $72,166,000 after acquiring an additional 539,294 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Life Time Group by 23.8% in the 1st quarter. Invesco Ltd. now owns 2,289,180 shares of the company's stock valued at $69,133,000 after acquiring an additional 440,045 shares in the last quarter. 79.40% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Parham Javaheri sold 9,375 shares of the stock in a transaction dated 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 sale, the executive vice president directly owned 240,151 shares in the company, valued at $6,736,235.55. This represents a 3.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 8.70% of the stock is owned by corporate insiders.

Life Time Group Trading Up 0.5%

LTH stock traded up $0.14 during trading on Friday, hitting $28.97. 1,470,591 shares of the company traded hands, compared to its average volume of 1,914,454. The firm has a market capitalization of $6.37 billion, a PE ratio of 28.40 and a beta of 1.72. Life Time Group Holdings, Inc. has a 1 year low of $21.49 and a 1 year high of $34.99. The company has a 50-day moving average of $28.67 and a 200-day moving average of $29.51. 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 (NYSE:LTH - Get Free Report) last issued 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 during 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%.Life Time Group's quarterly revenue was up 14.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.26 EPS. Life Time Group has set its FY 2025 guidance at EPS. Analysts predict that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently issued reports on LTH. Craig Hallum upgraded Life Time Group to a "buy" rating and set a $45.00 price objective for the company in a report on Friday, May 23rd. Guggenheim reiterated a "buy" rating and issued a $36.00 price objective on shares of Life Time Group in a report on Tuesday, June 24th. Wall Street Zen cut Life Time Group from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Finally, Morgan Stanley upped their price objective on Life Time Group from $33.00 to $34.00 and gave the stock an "equal weight" rating in a report on Friday, May 9th. Eight investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Life Time Group presently has an average rating of "Moderate Buy" and a consensus price target of $35.92.

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.