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 acquired a new stake in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 32,007 shares of the company's stock, valued at approximately $967,000.

Other hedge funds have also recently bought and sold shares of the company. Bank of New York Mellon Corp lifted its holdings in Life Time Group by 41.5% during the 1st 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 last quarter. EFG Asset Management North America Corp. bought a new position in Life Time Group during the 1st quarter worth approximately $1,041,000. Corebridge Financial Inc. lifted its holdings in Life Time Group by 33.8% during the 1st quarter. Corebridge Financial Inc. now owns 41,190 shares of the company's stock worth $1,244,000 after buying an additional 10,403 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new position in Life Time Group during the 1st quarter worth approximately $28,355,000. Finally, Deutsche Bank AG lifted its holdings in Life Time Group by 23.3% during the 1st quarter. Deutsche Bank AG now owns 344,881 shares of the company's stock worth $10,415,000 after buying an additional 65,146 shares during the last quarter. Institutional investors and hedge funds own 79.40% of the company's stock.

Insiders Place Their Bets

In other news, EVP Parham Javaheri sold 9,375 shares of Life Time Group stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $28.05, for a total transaction of $262,968.75. Following the transaction, the executive vice president directly owned 240,151 shares in the company, valued at approximately $6,736,235.55. This trade represents a 3.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 8.70% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms have commented on LTH. Craig Hallum raised Life Time Group to a "buy" rating and set a $45.00 target price on the stock in a report on Friday, May 23rd. Guggenheim reissued a "buy" rating and issued a $36.00 price target on shares of Life Time Group in a report on Tuesday, June 24th. Finally, Wall Street Zen downgraded Life Time Group from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Eight equities 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, Life Time Group currently has a consensus rating of "Moderate Buy" and an average price target of $35.92.

Life Time Group Stock Performance

Life Time Group stock traded down $0.81 during mid-day trading on Friday, hitting $28.57. 3,121,284 shares of the company's stock traded hands, compared to its average volume of 2,498,004. The firm has a 50 day moving average price of $28.61 and a 200 day moving average price of $29.42. 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 company has a market cap of $6.29 billion, a PE ratio of 28.01 and a beta of 1.72. Life Time Group Holdings, Inc. has a one year low of $21.49 and a one year high of $34.99.

Life Time Group (NYSE:LTH - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.04. The firm had revenue of $761.47 million for 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 firm's revenue for the quarter was up 14.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.26 EPS. Life Time Group has set its FY 2025 guidance at EPS. On average, equities analysts forecast that Life Time Group Holdings, Inc. will post 0.74 EPS for the current year.

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.