79,953 Shares in Life Time Group Holdings, Inc. $LTH Purchased by LPL Financial LLC

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

LPL Financial LLC purchased a new position in Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 79,953 shares of the company's stock, valued at approximately $2,329,000.

Other large investors have also recently made changes to their positions in the company. Kapitalo Investimentos Ltda bought a new position in shares of Life Time Group in the fourth quarter worth $33,000. Sterling Capital Management LLC boosted its holdings in shares of Life Time Group by 892.6% in the fourth quarter. Sterling Capital Management LLC now owns 2,025 shares of the company's stock worth $45,000 after acquiring an additional 1,821 shares during the period. Quarry LP boosted its stake in Life Time Group by 240.4% during 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 during the period. Amalgamated Bank boosted its stake in Life Time Group by 42.3% during 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 period. Finally, Fortress Investment Group LLC bought a new stake in Life Time Group during the fourth quarter valued at $120,000. 79.40% of the stock is owned by institutional investors.

Life Time Group Price Performance

NYSE LTH traded up $0.76 during trading hours on Friday, reaching $29.07. 1,514,409 shares of the stock traded hands, compared to its average volume of 2,657,963. The stock has a 50 day simple moving average of $28.75 and a two-hundred day simple moving average of $29.75. 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 debt-to-equity ratio of 0.52, a current ratio of 0.65 and a quick ratio of 0.53. The company has a market cap of $6.40 billion, a price-to-earnings ratio of 28.50 and a beta of 1.73.

Life Time Group (NYSE:LTH - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported $0.37 earnings per share for the quarter, beating analysts' consensus estimates of $0.33 by $0.04. The business had revenue of $761.47 million for the quarter, compared to the consensus estimate of $752.33 million. Life Time Group had a return on equity of 9.05% and a net margin of 8.03%.The company's revenue for the quarter was up 14.0% on a year-over-year basis. During the same quarter last year, the business posted $0.26 earnings per share. Life Time Group has set its FY 2025 guidance at EPS. On average, analysts predict that Life Time Group Holdings, Inc. will post 0.74 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on LTH. Morgan Stanley lifted their price objective on Life Time Group from $33.00 to $34.00 and gave the company an "equal weight" rating in a research note on Friday, May 9th. Wall Street Zen lowered Life Time Group from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Guggenheim reissued a "buy" rating and set a $36.00 price objective on shares of Life Time Group in a research note on Tuesday, June 24th. Finally, Craig Hallum raised 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. Eight 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, Life Time Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $35.92.

Insider Buying and Selling

In related news, Director John G. Danhakl sold 11,655,582 shares of the firm's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $29.38, for a total value of $342,440,999.16. Following the sale, the director directly owned 29,898,037 shares of the company's stock, valued at $878,404,327.06. This trade represents a 28.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Parham Javaheri sold 84,744 shares of the firm's stock in a transaction dated 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 sale, the executive vice president directly owned 249,526 shares in the company, valued at $6,946,803.84. The trade was a 25.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,548,155 shares of company stock valued at $691,624,905 over the last ninety days. Corporate insiders own 8.70% of the company's stock.

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.