Russell Investments Group Ltd. Raises Stock Holdings in Life Time Group Holdings, Inc. $LTH

Key Points

• Russell Investments Group Ltd. has significantly increased its stake in Life Time Group Holdings, Inc. by 418.0%, owning 260,461 shares valued at approximately $7.87 million as of its latest SEC filing.
• Other institutional investors have also made substantial purchases, with notable stakes including Burkehill Global Management LP buying $46.5 million worth of shares and Nuveen LLC investing $37.9 million.
• Life Time Group reported strong quarterly earnings, with earnings per share of $0.37, exceeding analyst estimates, and a 14% year-over-year revenue increase, leading to a consensus rating of "Moderate Buy" from research analysts.

Russell Investments Group Ltd. boosted its holdings in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 418.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 260,461 shares of the company's stock after buying an additional 210,178 shares during the period. Russell Investments Group Ltd. owned approximately 0.12% of Life Time Group worth $7,866,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Harbour Investments Inc. acquired a new position in Life Time Group during the 1st quarter valued at about $36,000. Kapitalo Investimentos Ltda acquired a new position in Life Time Group during the 4th quarter valued at about $33,000. Sterling Capital Management LLC increased its position in Life Time Group by 892.6% during the 4th quarter. Sterling Capital Management LLC now owns 2,025 shares of the company's stock valued at $45,000 after buying an additional 1,821 shares in the last quarter. Quarry LP increased its position in Life Time Group by 240.4% during the 4th quarter. Quarry LP now owns 2,335 shares of the company's stock valued at $52,000 after buying an additional 1,649 shares in the last quarter. Finally, Amalgamated Bank increased its position 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 in the last quarter. 79.40% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on LTH shares. Morgan Stanley increased 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. Guggenheim reissued a "buy" rating and issued a $36.00 price objective on shares of Life Time Group in a report on Tuesday, June 24th. Craig Hallum raised Life Time Group to a "buy" rating and set a $45.00 price objective on the stock in a report on Friday, May 23rd. Finally, Wall Street Zen lowered Life Time Group from a "buy" rating to a "hold" rating in a 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 company's stock. According to MarketBeat.com, Life Time Group currently has an average rating of "Moderate Buy" and an average target price of $35.92.

Life Time Group Stock Performance

Life Time Group stock traded down $0.78 during midday trading on Monday, hitting $28.30. 944,755 shares of the company were exchanged, compared to its average volume of 2,647,639. The firm has a market capitalization of $6.23 billion, a PE ratio of 27.75 and a beta of 1.73. Life Time Group Holdings, Inc. has a fifty-two week low of $21.49 and a fifty-two week high of $34.99. The business has a fifty day simple moving average of $28.77 and a two-hundred day simple moving average of $29.72. 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 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. The firm had revenue of $761.47 million for the quarter, compared to analyst estimates of $752.33 million. Life Time Group had a return on equity of 9.05% and a net margin of 8.03%.Life Time Group's revenue for the quarter was up 14.0% compared to the same quarter last year. During the same period last year, the company earned $0.26 earnings per share. Life Time Group has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current year.

Insider Activity

In other Life Time Group 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 transaction of $517,320.00. Following the transaction, the chief financial officer owned 86,611 shares in the company, valued at approximately $2,489,200.14. This represents a 17.21% decrease in their ownership of the stock. The sale 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 stock in a transaction that occurred 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 transaction, the executive vice president owned 133,189 shares in the company, valued at $3,835,843.20. This represents a 50.20% decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,548,155 shares of company stock valued at $691,624,905 over the last 90 days. Company insiders own 8.70% of the company's stock.

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.