T. Rowe Price Investment Management Inc. Takes $29.05 Million Position in Life Time Group Holdings, Inc. $LTH

Key Points

• T. Rowe Price Investment Management Inc. acquired 961,877 shares of Life Time Group Holdings, Inc. for approximately $29 million, representing about 0.45% of the company's stock.
• Several large investors, including Vanguard Group and Invesco Ltd., have significantly increased their stakes in Life Time Group, indicating strong institutional interest.
• Life Time Group reported a 14% increase in quarterly revenue compared to the same period last year, with earnings per share exceeding analyst expectations.

T. Rowe Price Investment Management Inc. purchased a new stake in Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 961,877 shares of the company's stock, valued at approximately $29,049,000. T. Rowe Price Investment Management Inc. owned 0.45% of Life Time Group as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Kapitalo Investimentos Ltda acquired a new position in Life Time Group in the fourth quarter valued at about $33,000. Harbour Investments Inc. bought a new position in Life Time Group in the 1st quarter valued at approximately $36,000. Quarry LP boosted its position in Life Time Group by 240.4% during the 4th quarter. Quarry LP now owns 2,335 shares of the company's stock worth $52,000 after buying an additional 1,649 shares during the period. Caitong International Asset Management Co. Ltd grew its holdings in Life Time Group by 226.5% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,750 shares of the company's stock worth $53,000 after acquiring an additional 1,214 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new position in Life Time Group in the 1st quarter valued at approximately $74,000. Institutional investors and hedge funds own 79.40% of the company's stock.

Life Time Group Price Performance

LTH stock traded up $0.13 during mid-day trading on Thursday, reaching $28.07. 1,129,611 shares of the company traded hands, compared to its average volume of 2,529,381. The company has a fifty day moving average price of $28.81 and a 200-day moving average price of $29.70. 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 market capitalization of $6.18 billion, a P/E ratio of 27.53 and a beta of 1.73. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.65 and a quick ratio of 0.53.

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. Life Time Group had a return on equity of 9.05% and a net margin of 8.03%.The company had revenue of $761.47 million for the quarter, compared to the consensus estimate of $752.33 million. During the same quarter last year, the business posted $0.26 earnings per share. The firm's revenue was up 14.0% compared to the same quarter last year. 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 year.

Insider Buying and Selling

In other Life Time Group news, CFO Erik Weaver sold 18,000 shares of the company's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $28.74, for a total transaction of $517,320.00. Following the completion of the sale, the chief financial officer directly owned 86,611 shares in the company, valued at $2,489,200.14. This represents a 17.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Ritadhwaja Jebens Singh sold 134,247 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $28.80, for a total value of $3,866,313.60. Following the transaction, the executive vice president owned 133,189 shares in the company, valued at approximately $3,835,843.20. The trade was a 50.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,548,155 shares of company stock worth $691,624,905 over the last 90 days. Insiders own 8.70% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Wall Street Zen lowered Life Time Group from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Craig Hallum upgraded shares of Life Time Group to a "buy" rating and set a $45.00 price objective on the stock in a report on Friday, May 23rd. 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. Finally, Morgan Stanley lifted their target price 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. Eight research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target 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.