Swiss National Bank Buys 47,400 Shares of 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 boosted its stake in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 33.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 188,600 shares of the company's stock after purchasing an additional 47,400 shares during the period. Swiss National Bank owned about 0.09% of Life Time Group worth $5,696,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Kapitalo Investimentos Ltda purchased a new position in Life Time Group during the fourth quarter valued at $33,000. Harbour Investments Inc. purchased a new position in Life Time Group during the first quarter valued at $36,000. Sterling Capital Management LLC lifted its position in Life Time Group by 892.6% during the fourth quarter. Sterling Capital Management LLC now owns 2,025 shares of the company's stock valued at $45,000 after purchasing an additional 1,821 shares in the last quarter. Quarry LP lifted its position in Life Time Group by 240.4% during the fourth quarter. Quarry LP now owns 2,335 shares of the company's stock valued at $52,000 after purchasing an additional 1,649 shares in the last quarter. Finally, Amalgamated Bank lifted its position in Life Time Group by 42.3% during the first quarter. Amalgamated Bank now owns 2,898 shares of the company's stock valued at $88,000 after purchasing an additional 862 shares in the last quarter. 79.40% of the stock is currently owned by hedge funds and other institutional investors.

Life Time Group Price Performance

Shares of LTH stock traded up $0.76 during trading hours on Friday, hitting $29.07. The stock had a trading volume of 1,514,409 shares, compared to its average volume of 2,657,963. Life Time Group Holdings, Inc. has a one year low of $21.49 and a one year high of $34.99. 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's 50-day moving average price is $28.75 and its two-hundred day moving average price is $29.75. The stock 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 (NYSE:LTH - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.04. Life Time Group had a return on equity of 9.05% and a net margin of 8.03%.The firm had revenue of $761.47 million for the quarter, compared to analysts' expectations of $752.33 million. During the same period in the previous year, the firm posted $0.26 earnings per share. The business's revenue was up 14.0% compared to the same quarter last year. Life Time Group has set its FY 2025 guidance at EPS. Equities analysts forecast that Life Time Group Holdings, Inc. will post 0.74 EPS for the current year.

Insider Transactions at Life Time Group

In other news, EVP Parham Javaheri sold 84,744 shares of Life Time Group stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $27.84, for a total value of $2,359,272.96. Following the sale, the executive vice president directly owned 249,526 shares of the company's stock, valued at approximately $6,946,803.84. The trade was a 25.35% 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, Director John G. Danhakl sold 11,655,582 shares of Life Time Group 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 sale, the director directly owned 29,898,037 shares in the company, valued at $878,404,327.06. This trade represents a 28.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,548,155 shares of company stock valued at $691,624,905. 8.70% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on LTH shares. Morgan Stanley boosted their price objective on Life Time Group from $33.00 to $34.00 and gave the company an "equal weight" rating in a research report on Friday, May 9th. Guggenheim restated a "buy" rating and issued a $36.00 price objective on shares of Life Time Group in a research report on Tuesday, June 24th. 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. Finally, Wall Street Zen downgraded Life Time Group from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Eight investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $35.92.

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.