Deutsche Bank AG Acquires 65,146 Shares of Life Time Group Holdings, Inc. $LTH

Key Points

• Deutsche Bank AG has increased its holdings in Life Time Group by 23.3%, owning approximately 344,881 shares valued at $10.4 million as of the latest SEC filing.
• Life Time Group's quarterly earnings showed a 14% year-over-year revenue increase, reporting $761.47 million and earnings of $0.37 per share, surpassing analysts' expectations.
• Insiders sold a total of 23.5 million shares of Life Time Group stock over the last three months, indicating significant selling activity among executives.

Deutsche Bank AG raised its stake in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 23.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 344,881 shares of the company's stock after purchasing an additional 65,146 shares during the period. Deutsche Bank AG owned 0.16% of Life Time Group worth $10,415,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its holdings in Life Time Group by 41.5% during the first quarter. Bank of New York Mellon Corp now owns 311,226 shares of the company's stock valued at $9,399,000 after purchasing an additional 91,311 shares during the last quarter. Stifel Financial Corp acquired a new position in Life Time Group during the fourth quarter valued at approximately $714,000. PNC Financial Services Group Inc. acquired a new position in Life Time Group during the first quarter valued at approximately $230,000. Two Sigma Investments LP grew its holdings in Life Time Group by 107.7% during the fourth quarter. Two Sigma Investments LP now owns 103,826 shares of the company's stock valued at $2,297,000 after purchasing an additional 53,830 shares during the last quarter. Finally, PharVision Advisers LLC acquired a new position in Life Time Group during the fourth quarter valued at approximately $209,000. Institutional investors and hedge funds own 79.40% of the company's stock.

Life Time Group Price Performance

Shares of NYSE LTH traded up $0.07 during midday trading on Tuesday, reaching $28.30. 578,321 shares of the company traded hands, compared to its average volume of 2,560,153. The firm has a market cap of $6.23 billion, a PE ratio of 27.75 and a beta of 1.73. The stock's 50-day simple moving average is $28.68 and its 200-day simple moving average is $29.80. 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 quick ratio of 0.53 and a current ratio of 0.65.

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

Insider Activity at Life Time Group

In other Life Time Group news, CFO Erik Weaver sold 18,000 shares of Life Time Group 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 completion of the transaction, the chief financial officer directly owned 86,611 shares of the company's stock, valued at approximately $2,489,200.14. This trade represents a 17.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Ritadhwaja Jebens Singh sold 134,247 shares of Life Time Group stock in a transaction on Friday, June 6th. The shares were 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 of the company's stock, valued at approximately $3,835,843.20. The trade was a 50.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 23,548,155 shares of company stock valued at $691,624,905. Insiders own 8.70% of the company's stock.

Analyst Ratings Changes

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