Osterweis Capital Management Inc. Acquires 213,770 Shares of 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% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 573,255 shares of the company's stock after buying an additional 213,770 shares during the quarter. Osterweis Capital Management Inc. owned about 0.26% of Life Time Group worth $17,312,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of LTH. Wells Fargo & Company MN lifted its stake in shares of Life Time Group by 13.6% in the fourth quarter. Wells Fargo & Company MN now owns 44,574 shares of the company's stock worth $986,000 after buying an additional 5,325 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Life Time Group by 891.0% in the 4th quarter. Envestnet Asset Management Inc. now owns 175,332 shares of the company's stock valued at $3,878,000 after buying an additional 157,639 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of Life Time Group by 11.7% during the 4th quarter. Russell Investments Group Ltd. now owns 50,283 shares of the company's stock worth $1,112,000 after purchasing an additional 5,252 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Life Time Group during the 4th quarter worth about $307,000. Finally, Sterling Capital Management LLC lifted its position in shares of Life Time Group by 892.6% during the fourth quarter. Sterling Capital Management LLC now owns 2,025 shares of the company's stock worth $45,000 after purchasing an additional 1,821 shares in the last quarter. 79.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently commented on LTH. Wall Street Zen cut shares of Life Time Group from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Craig Hallum upgraded shares of Life Time Group to a "buy" rating and set a $45.00 price target for the company in a research report on Friday, May 23rd. Morgan Stanley lifted their price target on shares of Life Time Group from $33.00 to $34.00 and gave the stock an "equal weight" rating in a research report on Friday, May 9th. Finally, Guggenheim reiterated 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 investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Life Time Group presently has an average rating of "Moderate Buy" and an average price target of $35.92.

Insider Transactions at Life Time Group

In other Life Time Group news, Director John Kristofer Galashan sold 11,655,582 shares of Life Time Group 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 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 position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Parham Javaheri sold 84,744 shares of the company's stock in a transaction that occurred on 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 transaction, the executive vice president directly owned 249,526 shares of the company's stock, valued at approximately $6,946,803.84. This trade represents a 25.35% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,548,155 shares of company stock worth $691,624,905. 8.70% of the stock is currently owned by company insiders.

Life Time Group Trading Down 1.6%

NYSE:LTH traded down $0.4640 during trading hours on Monday, hitting $28.6160. The stock had a trading volume of 255,983 shares, compared to its average volume of 2,538,540. Life Time Group Holdings, Inc. has a one year low of $21.49 and a one year high of $34.99. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.53 and a current ratio of 0.65. The company has a market cap of $6.30 billion, a price-to-earnings ratio of 28.11 and a beta of 1.73. The business's 50 day moving average is $28.75 and its 200-day moving average is $29.74.

Life Time Group (NYSE:LTH - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $0.37 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 firm had revenue of $761.47 million during the quarter, compared to the consensus estimate of $752.33 million. During the same quarter in the prior year, the firm earned $0.26 earnings per share. The business's quarterly revenue was up 14.0% on a year-over-year basis. Life Time Group has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that Life Time Group Holdings, Inc. will post 0.74 EPS for the current fiscal year.

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.