Sciencast Management LP Takes Position in Life Time Group Holdings, Inc. $LTH

Key Points

• Sciencast Management LP acquired a new stake in Life Time Group Holdings, purchasing 32,007 shares valued at approximately $967,000.
• Several institutional investors significantly increased their holdings in Life Time Group, with Ameriprise Financial raising its stake by 1,729.3% and Vanguard increasing by 32.2%.
• Life Time Group reported earnings of $0.37 EPS for the last quarter, exceeding analysts' expectations by $0.04, alongside a 14.0% year-over-year revenue increase.

Sciencast Management LP bought a new position in Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 32,007 shares of the company's stock, valued at approximately $967,000.

A number of other hedge funds also recently added to or reduced their stakes in LTH. Ameriprise Financial Inc. lifted its stake in Life Time Group by 1,729.3% in the first quarter. Ameriprise Financial Inc. now owns 5,066,245 shares of the company's stock worth $154,547,000 after acquiring an additional 4,789,288 shares during the period. Vanguard Group Inc. lifted its stake in Life Time Group by 32.2% in the first quarter. Vanguard Group Inc. now owns 9,365,193 shares of the company's stock worth $282,829,000 after acquiring an additional 2,282,007 shares during the period. Burkehill Global Management LP purchased a new stake in Life Time Group in the first quarter worth about $46,473,000. Goldman Sachs Group Inc. lifted its stake in Life Time Group by 143.7% in the first quarter. Goldman Sachs Group Inc. now owns 2,422,304 shares of the company's stock worth $73,154,000 after acquiring an additional 1,428,446 shares during the period. Finally, Wedge Capital Management L L P NC purchased a new stake in Life Time Group in the first quarter worth about $40,471,000. 79.40% of the stock is owned by hedge funds and other institutional investors.

Life Time Group Trading Down 2.8%

Shares of NYSE:LTH traded down $0.81 during midday trading on Friday, reaching $28.57. 3,121,284 shares of the company's stock were exchanged, compared to its average volume of 1,779,897. The firm's 50 day simple moving average is $28.60 and its two-hundred day simple moving average is $29.38. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.65 and a quick ratio of 0.53. The stock has a market cap of $6.29 billion, a price-to-earnings ratio of 28.01 and a beta of 1.72. Life Time Group Holdings, Inc. has a fifty-two week low of $21.49 and a fifty-two week high of $34.99.

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

Wall Street Analyst Weigh In

A number of brokerages have commented on LTH. Guggenheim reiterated a "buy" rating and issued a $36.00 target price 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. Finally, Craig Hallum upgraded Life Time Group to a "buy" rating and set a $45.00 price objective on the stock in a research report on Friday, May 23rd. Eight analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $35.92.

Insiders Place Their Bets

In other Life Time Group news, EVP Parham Javaheri sold 9,375 shares of Life Time Group stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $28.05, for a total value of $262,968.75. Following the completion of the transaction, the executive vice president directly owned 240,151 shares of the company's stock, valued at $6,736,235.55. The trade was a 3.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 8.70% of the stock is currently owned by corporate insiders.

Life Time Group Company 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.