Osterweis Capital Management Inc. Has $17.31 Million Stock Position in Life Time Group Holdings, Inc. $LTH

Key Points

• Osterweis Capital Management Inc. has increased its stake in Life Time Group Holdings, Inc. by 59.5%, acquiring an additional 213,770 shares, bringing its ownership to 573,255 shares worth approximately $17.3 million.
• Several institutional investors have also increased their holdings, with a notable 79.40% of Life Time Group's stock now owned by institutional investors.
• The company reported a quarterly earnings per share of $0.37, surpassing analyst expectations, and has set a fiscal year 2025 guidance anticipating an EPS of $0.74.

Osterweis Capital Management Inc. lifted its position in Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 59.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 573,255 shares of the company's stock after acquiring an additional 213,770 shares during the period. Osterweis Capital Management Inc. owned about 0.26% of Life Time Group worth $17,312,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in LTH. Vanguard Group Inc. lifted its holdings in shares of Life Time Group by 32.2% during the 1st quarter. Vanguard Group Inc. now owns 9,365,193 shares of the company's stock valued at $282,829,000 after buying an additional 2,282,007 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Life Time Group by 2.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,190,447 shares of the company's stock valued at $114,809,000 after acquiring an additional 147,295 shares in the last quarter. Driehaus Capital Management LLC raised its position in Life Time Group by 5.2% during the fourth quarter. Driehaus Capital Management LLC now owns 2,955,669 shares of the company's stock valued at $65,379,000 after acquiring an additional 145,002 shares in the last quarter. Hood River Capital Management LLC raised its position in Life Time Group by 2.4% during the fourth quarter. Hood River Capital Management LLC now owns 2,787,210 shares of the company's stock valued at $61,653,000 after acquiring an additional 64,613 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. raised its position in Life Time Group by 29.1% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 2,389,597 shares of the company's stock valued at $72,166,000 after acquiring an additional 539,294 shares in the last quarter. 79.40% of the stock is currently owned by institutional investors and hedge funds.

Life Time Group Price Performance

Shares of Life Time Group stock traded up $0.76 during trading on Friday, reaching $29.07. The company's stock had a trading volume of 1,514,409 shares, compared to its average volume of 2,657,963. The stock has a 50-day moving average price of $28.75 and a two-hundred day moving average price of $29.75. The company has a current ratio of 0.65, a quick ratio of 0.53 and a debt-to-equity ratio of 0.52. Life Time Group Holdings, Inc. has a one year low of $21.49 and a one year high of $34.99. The stock has a market capitalization of $6.40 billion, a P/E ratio of 28.50 and a beta of 1.73.

Life Time Group (NYSE:LTH - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.04. The firm had revenue of $761.47 million during the quarter, compared to analysts' expectations 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 quarterly revenue was up 14.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.26 EPS. Life Time Group has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that Life Time Group Holdings, Inc. will post 0.74 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently weighed in on LTH. 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. Craig Hallum raised shares of Life Time Group to a "buy" rating and set a $45.00 price objective for the company in a report on Friday, May 23rd. Guggenheim reaffirmed a "buy" rating and set a $36.00 price objective on shares of Life Time Group in a report on Tuesday, June 24th. Finally, Morgan Stanley upped their price objective on shares of Life Time Group from $33.00 to $34.00 and gave the stock an "equal weight" rating in a report on Friday, May 9th. Eight equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the 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.

Insiders Place Their Bets

In other news, CFO Erik Weaver sold 18,000 shares of the stock in a transaction that occurred 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 completion of the sale, the chief financial officer owned 86,611 shares of the company's stock, valued at approximately $2,489,200.14. This represents a 17.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director John Kristofer Galashan sold 11,655,582 shares of the stock in a transaction on Friday, June 6th. The shares were sold at an average price of $29.38, for a total value of $342,440,999.16. Following the completion of the sale, the director owned 29,898,037 shares in the company, valued at approximately $878,404,327.06. This trade represents a 28.05% decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,548,155 shares of company stock worth $691,624,905 in the last three months. 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.