Ameriprise Financial Inc. Boosts Stock Position in Life Time Group Holdings, Inc. $LTH

Key Points

• Ameriprise Financial Inc. significantly increased its holdings in Life Time Group by 1,729.3%, acquiring over 4.7 million additional shares, bringing its total to about 5 million shares valued at approximately $154.5 million.
• Life Time Group reported $761.47 million in revenue for the last quarter, exceeding analysts' expectations, and achieved an earnings per share (EPS) of $0.37, surpassing the consensus estimate of $0.33.
• Wall Street analysts maintain a consensus rating of "Moderate Buy" for Life Time Group, with an average price target of $35.92, indicating positive sentiment towards the stock's future performance.

Ameriprise Financial Inc. grew its holdings in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 1,729.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,066,245 shares of the company's stock after purchasing an additional 4,789,288 shares during the quarter. Ameriprise Financial Inc. owned approximately 2.37% of Life Time Group worth $154,547,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of Life Time Group by 32.2% during the 1st quarter. Vanguard Group Inc. now owns 9,365,193 shares of the company's stock valued at $282,829,000 after purchasing an additional 2,282,007 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Life Time Group by 2.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,190,447 shares of the company's stock valued at $114,809,000 after buying an additional 147,295 shares in the last quarter. Driehaus Capital Management LLC raised its holdings in shares of Life Time Group by 5.2% during the 4th quarter. Driehaus Capital Management LLC now owns 2,955,669 shares of the company's stock valued at $65,379,000 after buying an additional 145,002 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its holdings in shares of Life Time Group by 29.1% during 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 buying an additional 539,294 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Life Time Group by 23.8% during the 1st quarter. Invesco Ltd. now owns 2,289,180 shares of the company's stock valued at $69,133,000 after buying an additional 440,045 shares in the last quarter. 79.40% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Life Time Group

In other news, EVP Ritadhwaja Jebens Singh sold 134,247 shares of Life Time Group stock in a transaction that occurred 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 completion of the transaction, the executive vice president owned 133,189 shares in the company, valued at approximately $3,835,843.20. The trade was a 50.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Parham Javaheri sold 84,744 shares of Life Time Group stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $27.84, for a total value of $2,359,272.96. Following the completion of the transaction, the executive vice president owned 249,526 shares of the company's stock, valued at approximately $6,946,803.84. This trade represents a 25.35% 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 worth $691,887,874 over the last three months. 8.70% of the stock is owned by company insiders.

Life Time Group Stock Performance

LTH traded down $0.26 during midday trading on Friday, reaching $27.82. The company had a trading volume of 406,079 shares, compared to its average volume of 2,521,324. The company has a quick ratio of 0.53, a current ratio of 0.65 and a debt-to-equity ratio of 0.52. The business has a 50-day moving average of $28.82 and a two-hundred day moving average of $29.68. The company has a market cap of $6.12 billion, a P/E ratio of 27.26 and a beta of 1.73. Life Time Group Holdings, Inc. has a 1 year low of $21.49 and a 1 year high of $34.99.

Life Time Group (NYSE:LTH - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.37 EPS for the quarter, topping analysts' consensus estimates 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 posted $0.26 earnings per share. The business's quarterly revenue was up 14.0% on a year-over-year basis. Life Time Group has set its FY 2025 guidance at EPS. As a group, equities research analysts predict that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

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.