Swiss National Bank Increases Holdings in Life Time Group Holdings, Inc. $LTH

Key Points

• The Swiss National Bank increased its stake in Life Time Group Holdings by 33.6%, acquiring 47,400 additional shares to own approximately 0.09% of the company worth about $5.7 million.
• A number of institutional investors have also recently modified their positions in Life Time Group, with 79.40% of the company's stock now held by such investors.
• Life Time Group reported a quarterly earnings increase of 14.0% year-over-year, with earnings per share of $0.37, exceeding analysts' expectations of $0.33.

Swiss National Bank grew its position in Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 33.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 188,600 shares of the company's stock after acquiring an additional 47,400 shares during the quarter. Swiss National Bank owned 0.09% of Life Time Group worth $5,696,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Deutsche Bank AG increased its stake in Life Time Group by 23.3% in the 1st quarter. Deutsche Bank AG now owns 344,881 shares of the company's stock worth $10,415,000 after acquiring an additional 65,146 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Life Time Group by 30.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 787,109 shares of the company's stock valued at $23,771,000 after purchasing an additional 184,738 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Life Time Group by 32.2% during the 1st quarter. Vanguard Group Inc. now owns 9,365,193 shares of the company's stock valued at $282,829,000 after purchasing an additional 2,282,007 shares during the last quarter. PNC Financial Services Group Inc. bought a new position in shares of Life Time Group during the 1st quarter valued at approximately $230,000. Finally, Alberta Investment Management Corp increased its position in shares of Life Time Group by 7.3% during the 1st quarter. Alberta Investment Management Corp now owns 95,676 shares of the company's stock valued at $2,889,000 after purchasing an additional 6,482 shares during the last quarter. Institutional investors own 79.40% of the company's stock.

Insiders Place Their Bets

In other news, CFO Erik Weaver sold 18,000 shares of the firm's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $28.74, for a total value of $517,320.00. Following the completion of the transaction, the chief financial officer directly owned 86,611 shares in the company, valued at $2,489,200.14. This trade represents a 17.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John G. Danhakl sold 11,655,582 shares of the firm's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $29.38, for a total value of $342,440,999.16. Following the completion of the transaction, the director owned 29,898,037 shares of the company's stock, valued at approximately $878,404,327.06. The trade was a 28.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,548,155 shares of company stock valued at $691,624,905. 8.70% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on LTH. Wall Street Zen downgraded Life Time Group from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Guggenheim reaffirmed a "buy" rating and issued a $36.00 price objective on shares of Life Time Group in a research report on Tuesday, June 24th. Morgan Stanley increased their price target on Life Time Group from $33.00 to $34.00 and gave the stock an "equal weight" rating in a research report on Friday, May 9th. Finally, Craig Hallum raised Life Time Group to a "buy" rating and set a $45.00 price target on the stock in a research report on Friday, May 23rd. Eight equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Life Time Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $35.92.

Life Time Group Stock Up 2.9%

NYSE LTH traded up $0.8350 during trading on Friday, hitting $29.1450. The company's stock had a trading volume of 711,110 shares, compared to its average volume of 2,547,565. 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 company has a market cap of $6.41 billion, a PE ratio of 28.58 and a beta of 1.73. The business's 50 day simple moving average is $28.71 and its 200-day simple moving average is $29.76. 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 results on Tuesday, August 5th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.04. The business 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 quarter last year, the company earned $0.26 earnings per share. Life Time Group has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that Life Time Group Holdings, Inc. will post 0.74 EPS 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.