Life Time Group Holdings, Inc. $LTH Shares Bought by Lord Abbett & CO. LLC

Key Points

• Lord Abbett & CO. LLC has increased its stake in Life Time Group by 0.7%, acquiring an additional 11,200 shares, which brings its total ownership to approximately 1,621,749 shares valued at $48,977,000.
• Life Time Group recently reported a quarterly earnings per share (EPS) of $0.37, exceeding analyst expectations of $0.33, alongside revenues of $761.47 million, reflecting a 14% year-over-year growth.
• Several institutional investors, including Bank of New York Mellon Corp and Two Sigma Investments LP, have significantly adjusted their positions in Life Time Group, with 79.40% of the stock now owned by institutional investors.

Lord Abbett & CO. LLC increased its stake in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 0.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,621,749 shares of the company's stock after purchasing an additional 11,200 shares during the quarter. Lord Abbett & CO. LLC owned 0.76% of Life Time Group worth $48,977,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Kapitalo Investimentos Ltda acquired a new stake in shares of Life Time Group in the 4th quarter valued at approximately $33,000. Harbour Investments Inc. acquired a new position in shares of Life Time Group during the 1st quarter worth $36,000. Sterling Capital Management LLC boosted its holdings in Life Time Group by 892.6% during the fourth quarter. Sterling Capital Management LLC now owns 2,025 shares of the company's stock worth $45,000 after buying an additional 1,821 shares in the last quarter. Quarry LP increased its holdings in Life Time Group by 240.4% in the fourth quarter. Quarry LP now owns 2,335 shares of the company's stock valued at $52,000 after buying an additional 1,649 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its position in shares of Life Time Group by 226.5% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,750 shares of the company's stock valued at $53,000 after acquiring an additional 1,214 shares during the period. Institutional investors and hedge funds own 79.40% of the company's stock.

Life Time Group Trading Down 1.4%

Shares of Life Time Group stock traded down $0.4070 during trading hours on Wednesday, reaching $28.0430. 1,783,585 shares of the company's stock were exchanged, compared to its average volume of 2,747,114. Life Time Group Holdings, Inc. has a 52-week low of $21.49 and a 52-week high of $34.99. The company has a fifty day moving average of $28.71 and a 200-day moving average of $29.77. 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 market capitalization of $6.17 billion, a price-to-earnings ratio of 27.49 and a beta of 1.73.

Life Time Group (NYSE:LTH - Get Free Report) last released its earnings results 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 return on equity of 9.05% and a net margin of 8.03%.The firm had revenue of $761.47 million during the quarter, compared to analyst estimates of $752.33 million. During the same period in the prior year, the firm posted $0.26 earnings per share. The business'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. Sell-side analysts forecast that Life Time Group Holdings, Inc. will post 0.74 EPS for the current fiscal year.

Insider Buying and Selling

In related 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 value of $517,320.00. Following the transaction, the chief financial officer owned 86,611 shares in the company, 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 the SEC website. Also, EVP Ritadhwaja Jebens Singh sold 134,247 shares of the company's stock in a transaction dated 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 sale, the executive vice president owned 133,189 shares of the company's stock, valued at $3,835,843.20. This represents a 50.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,548,155 shares of company stock worth $691,624,905 over the last 90 days. Company insiders own 8.70% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have commented on LTH. Wall Street Zen downgraded Life Time Group from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Morgan Stanley lifted 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. Guggenheim restated a "buy" rating and set a $36.00 target price on shares of Life Time Group in a report on Tuesday, June 24th. Finally, Craig Hallum upgraded 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. Eight equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently 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.