Moody National Bank Trust Division Acquires 12,178 Shares of Life Time Group Holdings, Inc. $LTH

Key Points

• Moody National Bank Trust Division increased its stake in Life Time Group by 12.1% during the second quarter, holding approximately 112,501 shares valued at $3.41 million.
• Life Time Group reported a 14.0% increase in revenue year-over-year in its latest earnings, achieving $761.47 million for the quarter and outperforming analyst expectations.
• Insider selling activity was notable, with Director John G. Danhakl selling nearly 5 million shares, resulting in a significant decrease of 16.70% in his holdings.

Moody National Bank Trust Division grew its holdings in Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 12.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 112,501 shares of the company's stock after purchasing an additional 12,178 shares during the period. Moody National Bank Trust Division owned about 0.05% of Life Time Group worth $3,412,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of LTH. Harbour Investments Inc. purchased a new stake in shares of Life Time Group during the 1st quarter valued at $36,000. Caitong International Asset Management Co. Ltd grew its position in 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 worth $53,000 after purchasing an additional 1,214 shares during the period. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Life Time Group during the 1st quarter valued at about $74,000. Amalgamated Bank boosted its holdings in shares of Life Time Group by 42.3% during the 1st quarter. Amalgamated Bank now owns 2,898 shares of the company's stock worth $88,000 after purchasing an additional 862 shares during the last quarter. Finally, KBC Group NV acquired a new position in shares of Life Time Group during the 1st quarter worth approximately $121,000. 79.40% of the stock is currently owned by hedge funds and other institutional investors.

Life Time Group Trading Down 0.3%

LTH stock traded down $0.09 during trading on Tuesday, hitting $28.22. The company had a trading volume of 229,904 shares, compared to its average volume of 2,493,453. 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 50 day simple moving average of $28.43 and a 200-day simple moving average of $29.26. The firm has a market capitalization of $6.21 billion, a P/E ratio of 27.69 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 released its quarterly earnings results on Tuesday, August 5th. The company reported $0.37 earnings per share 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 company 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 firm posted $0.26 EPS. Life Time Group'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. As a group, research analysts forecast that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Life Time Group news, Director John Kristofer Galashan sold 4,991,976 shares of the company's stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $28.95, for a total value of $144,517,705.20. Following the transaction, the director owned 24,906,061 shares of the company's stock, valued at approximately $721,030,465.95. This represents a 16.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John G. Danhakl sold 4,991,976 shares of the company's stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $28.95, for a total transaction of $144,517,705.20. Following the completion of the sale, the director directly owned 24,906,061 shares in the company, valued at approximately $721,030,465.95. The trade was a 16.70% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,739,034 shares of company stock valued at $310,886,597 in the last 90 days. 8.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

LTH has been the topic of a number of recent research reports. Wall Street Zen lowered Life Time Group from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Guggenheim restated a "buy" rating and set a $36.00 target price on shares of Life Time Group in a research report on Tuesday, June 24th. Eight investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $35.92.

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.