Life Time Group Holdings, Inc. $LTH Shares Purchased by Millennium Management LLC

Millennium Management LLC grew its stake in Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 65.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,038,781 shares of the company's stock after buying an additional 808,715 shares during the period. Millennium Management LLC owned 0.93% of Life Time Group worth $61,571,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Life Time Group by 25.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 70,855 shares of the company's stock worth $2,140,000 after buying an additional 14,267 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in shares of Life Time Group in the first quarter worth $28,355,000. EFG Asset Management North America Corp. purchased a new position in shares of Life Time Group in the first quarter worth $1,041,000. Bosun Asset Management LLC purchased a new position in shares of Life Time Group during the first quarter worth $1,227,000. Finally, AQR Capital Management LLC raised its holdings in shares of Life Time Group by 50.6% during the first quarter. AQR Capital Management LLC now owns 340,694 shares of the company's stock worth $10,289,000 after purchasing an additional 114,429 shares during the last quarter. Hedge funds and other institutional investors own 79.40% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Wall Street Zen cut shares of Life Time Group from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Craig Hallum upgraded shares of Life Time Group to a "buy" rating and set a $45.00 price target on the stock in a research report on Friday, May 23rd. Finally, Guggenheim restated a "buy" rating and set a $36.00 price target on shares of Life Time Group in a research report on Tuesday, June 24th. Eight research analysts have rated the stock with a Buy rating and five have given 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 an average target price of $35.92.

Insider Activity

In other news, EVP Parham Javaheri sold 9,375 shares of Life Time Group stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $28.05, for a total value of $262,968.75. Following the sale, the executive vice president owned 240,151 shares in the company, valued at $6,736,235.55. This trade represents a 3.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 8.70% of the stock is currently owned by company insiders.

Life Time Group Price Performance

Shares of NYSE LTH traded down $0.81 during trading on Friday, hitting $28.57. The company had a trading volume of 3,121,284 shares, compared to its average volume of 1,735,304. The stock has a fifty day simple moving average of $28.60 and a two-hundred day simple moving average of $29.41. Life Time Group Holdings, Inc. has a fifty-two week low of $21.49 and a fifty-two week high of $34.99. The firm has a market capitalization of $6.29 billion, a price-to-earnings ratio of 28.01 and a beta of 1.72. The company has a quick ratio of 0.53, a current ratio of 0.65 and a debt-to-equity ratio of 0.52.

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

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.