Russell Investments Group Ltd. Acquires 210,178 Shares of 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 position in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 418.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 260,461 shares of the company's stock after purchasing an additional 210,178 shares during the period. Russell Investments Group Ltd. owned 0.12% of Life Time Group worth $7,866,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Bank of New York Mellon Corp boosted its position in shares of Life Time Group by 41.5% in the first 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 lifted its position in shares of Life Time Group by 23.3% in the first 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. purchased a new position in Life Time Group during the first quarter valued at approximately $230,000. Stifel Financial Corp acquired a new position in Life Time Group in the 4th quarter valued at approximately $714,000. Finally, PharVision Advisers LLC acquired a new position in Life Time Group in the 4th quarter valued at approximately $209,000. Hedge funds and other institutional investors own 79.40% of the company's stock.

Insider Activity at Life Time Group

In other Life Time Group news, EVP Parham Javaheri sold 84,744 shares of the stock in a transaction 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 sale, the executive vice president directly owned 249,526 shares of the company's stock, valued at $6,946,803.84. This represents a 25.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John G. Danhakl sold 11,655,582 shares of the company's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $29.38, for a total transaction of $342,440,999.16. Following the transaction, the director directly owned 29,898,037 shares of the company's stock, valued at $878,404,327.06. This represents a 28.05% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 23,548,155 shares of company stock valued at $691,624,905. 8.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on LTH. Craig Hallum upgraded Life Time Group to a "buy" rating and set a $45.00 price objective for the company in a report on Friday, May 23rd. Wall Street Zen lowered Life Time Group from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Guggenheim reiterated a "buy" rating and set a $36.00 price target on shares of Life Time Group in a report on Tuesday, June 24th. Finally, Morgan Stanley increased their price objective 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. Eight research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $35.92.

Life Time Group Stock Performance

Shares of NYSE:LTH traded up $0.76 during trading on Friday, reaching $29.07. The stock had a trading volume of 1,514,409 shares, compared to its average volume of 2,657,963. The firm has a market capitalization of $6.40 billion, a price-to-earnings ratio of 28.50 and a beta of 1.73. Life Time Group Holdings, Inc. has a 52 week low of $21.49 and a 52 week high of $34.99. The company has a quick ratio of 0.53, a current ratio of 0.65 and a debt-to-equity ratio of 0.52. The stock has a fifty day simple moving average of $28.75 and a two-hundred day simple moving average of $29.75.

Life Time Group (NYSE:LTH - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.33 by $0.04. The company had revenue of $761.47 million during the quarter, compared to analysts' expectations of $752.33 million. Life Time Group had a net margin of 8.03% and a return on equity of 9.05%. The business's quarterly revenue was up 14.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.26 earnings per share. Life Time Group has set its FY 2025 guidance at EPS. As a group, analysts anticipate that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current fiscal year.

About Life Time Group

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.