Quantbot Technologies LP Has $954,000 Stock Holdings in Life Time Group Holdings, Inc. $LTH

Key Points

• Quantbot Technologies LP has significantly reduced its stake in Life Time Group Holdings, selling 87,523 shares and lowering its holdings by 73.5% to 31,598 shares.
• Life Time Group reported a 14.0% increase in revenue year-over-year, totaling $761.47 million, and earnings per share of $0.37, surpassing analyst expectations.
• Despite recent insider selling, Life Time Group has received multiple positive ratings from analysts, with target prices up to $45.00, indicating potential growth in the stock.

Quantbot Technologies LP lessened its position in Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 73.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 31,598 shares of the company's stock after selling 87,523 shares during the quarter. Quantbot Technologies LP's holdings in Life Time Group were worth $954,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Kapitalo Investimentos Ltda acquired a new position in shares of Life Time Group during the 4th quarter worth about $33,000. Harbour Investments Inc. purchased a new position in shares of Life Time Group during the 1st quarter worth approximately $36,000. Quarry LP increased its stake in Life Time Group by 240.4% in the 4th quarter. Quarry LP now owns 2,335 shares of the company's stock valued at $52,000 after purchasing an additional 1,649 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its stake in Life Time Group by 226.5% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,750 shares of the company's stock valued at $53,000 after purchasing an additional 1,214 shares in the last quarter. Finally, Amalgamated Bank grew its holdings in Life Time Group by 42.3% during the 1st quarter. Amalgamated Bank now owns 2,898 shares of the company's stock valued at $88,000 after buying an additional 862 shares during the last quarter. Hedge funds and other institutional investors own 79.40% of the company's stock.

Life Time Group Stock Performance

Shares of NYSE:LTH traded down $0.18 during midday trading on Friday, hitting $27.91. The company's stock had a trading volume of 1,290,059 shares, compared to its average volume of 2,566,442. The stock has a market capitalization of $6.14 billion, a price-to-earnings ratio of 27.36 and a beta of 1.73. The stock's 50 day simple moving average is $28.82 and its 200 day simple moving average is $29.65. Life Time Group Holdings, Inc. has a fifty-two week low of $21.49 and a fifty-two week 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.

Life Time Group (NYSE:LTH - Get Free Report) last issued its quarterly 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 return on equity of 9.05% and a net margin of 8.03%.The company had revenue of $761.47 million for the quarter, compared to the consensus estimate of $752.33 million. During the same period last year, the business posted $0.26 earnings per share. The firm's 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 anticipate that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on LTH shares. Guggenheim restated a "buy" rating and set a $36.00 price objective on shares of Life Time Group in a report on Tuesday, June 24th. Wall Street Zen lowered Life Time Group from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Morgan Stanley boosted their price objective on Life Time Group from $33.00 to $34.00 and gave the company an "equal weight" rating in a report on Friday, May 9th. Finally, Craig Hallum upgraded Life Time Group to a "buy" rating and set a $45.00 price objective for the company in a research report on Friday, May 23rd. Eight investment 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 a consensus rating of "Moderate Buy" and a consensus target price of $35.92.

Insider Activity

In other news, EVP Parham Javaheri sold 84,744 shares of Life Time Group stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $27.84, for a total value of $2,359,272.96. Following the completion of the transaction, the executive vice president owned 249,526 shares in the company, valued at approximately $6,946,803.84. The trade was a 25.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Erik Weaver sold 18,000 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $28.74, for a total transaction of $517,320.00. Following the completion of the sale, the chief financial officer directly 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,557,530 shares of company stock valued at $691,887,874. 8.70% of the stock is owned by company 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.