Nuveen LLC Invests $37.89 Million in Life Time Group Holdings, Inc. $LTH

Key Points

• Nuveen LLC has acquired a significant stake in Life Time Group Holdings, purchasing 1,254,595 shares valued at approximately $37.9 million, representing about 0.59% of the company.
• Analysts have mixed ratings for Life Time Group, with an average price target of $35.92 and a current stock rating of "Moderate Buy," while recent earnings exceeded consensus estimates.
• Insider activity showed substantial sales, including EVP Parham Javaheri selling over 84,000 shares and CFO Erik Weaver selling 18,000 shares, indicating a 25% and 17% decrease in their holdings, respectively.

Nuveen LLC bought a new position in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 1,254,595 shares of the company's stock, valued at approximately $37,889,000. Nuveen LLC owned 0.59% of Life Time Group at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in LTH. Bank of New York Mellon Corp increased its position in Life Time Group by 41.5% during the 1st quarter. Bank of New York Mellon Corp now owns 311,226 shares of the company's stock worth $9,399,000 after buying an additional 91,311 shares during the period. Deutsche Bank AG raised its stake in Life Time Group by 23.3% in the 1st quarter. Deutsche Bank AG now owns 344,881 shares of the company's stock worth $10,415,000 after purchasing an additional 65,146 shares in the last quarter. PNC Financial Services Group Inc. bought a new stake in Life Time Group in the 1st quarter valued at about $230,000. Stifel Financial Corp acquired a new position in shares of Life Time Group during the 4th quarter worth approximately $714,000. Finally, PharVision Advisers LLC bought a new position in shares of Life Time Group during the fourth quarter worth approximately $209,000. 79.40% of the stock is currently owned by institutional investors.

Life Time Group Stock Down 2.7%

NYSE:LTH traded down $0.7610 during trading hours on Wednesday, reaching $27.6890. The company had a trading volume of 674,092 shares, compared to its average volume of 2,556,213. The business's 50-day simple moving average is $28.70 and its two-hundred day simple moving average is $29.79. Life Time Group Holdings, Inc. has a twelve month low of $21.49 and a twelve month high of $34.99. The firm has a market cap of $6.09 billion, a price-to-earnings ratio of 27.22 and a beta of 1.73. 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 posted its earnings results on Tuesday, August 5th. The company reported $0.37 EPS for the quarter, topping 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 company had revenue of $761.47 million during the quarter, compared to the consensus estimate of $752.33 million. During the same period in the previous year, the firm posted $0.26 earnings per share. The firm's revenue for the quarter was up 14.0% on a year-over-year basis. Life Time Group has set its FY 2025 guidance at EPS. On average, equities analysts expect that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current year.

Wall Street Analysts Forecast Growth

LTH has been the topic of several analyst reports. Morgan Stanley increased their target price on Life Time Group from $33.00 to $34.00 and gave the stock an "equal weight" rating in a report on Friday, May 9th. Craig Hallum raised Life Time Group to a "buy" rating and set a $45.00 target price for the company in a research note on Friday, May 23rd. Guggenheim restated a "buy" rating and issued a $36.00 price target on shares of Life Time Group in a research note on Tuesday, June 24th. Finally, Wall Street Zen lowered shares of Life Time Group from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Eight research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $35.92.

Insiders Place Their Bets

In related news, CFO Erik Weaver sold 18,000 shares of Life Time Group stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $28.74, for a total value of $517,320.00. Following the sale, the chief financial officer owned 86,611 shares of the company's stock, valued at approximately $2,489,200.14. The trade was a 17.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Ritadhwaja Jebens Singh sold 134,247 shares of the firm's stock in a transaction on 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 completion of the sale, the executive vice president directly 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 sold a total of 23,548,155 shares of company stock worth $691,624,905 in the last ninety days. 8.70% of the stock is owned by corporate insiders.

Life Time Group 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.