TD Asset Management Inc Grows Stock Holdings in Life Time Group Holdings, Inc. $LTH

Key Points

• TD Asset Management Inc increased its ownership in Life Time Group Holdings, Inc. by 100.7% in the second quarter, now holding 29,614 shares valued at approximately $898,000.
• In recent analyst reports, Life Time Group was downgraded from a "buy" to a "hold" rating by Wall Street Zen, while UBS set a price target of $48.00 for the stock.
• The company's latest earnings report showed a 14% year-over-year revenue increase to $761.47 million, with earnings per share of $0.37, exceeding analysts' expectations of $0.33.

TD Asset Management Inc raised its position in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 100.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,614 shares of the company's stock after buying an additional 14,856 shares during the period. TD Asset Management Inc's holdings in Life Time Group were worth $898,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Amalgamated Bank boosted its position in shares of Life Time Group by 42.3% during the first quarter. Amalgamated Bank now owns 2,898 shares of the company's stock worth $88,000 after buying an additional 862 shares during the period. Harbour Investments Inc. purchased a new position in shares of Life Time Group during the first quarter worth $36,000. Caitong International Asset Management Co. Ltd boosted its position in shares of Life Time Group by 226.5% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,750 shares of the company's stock worth $53,000 after buying an additional 1,214 shares during the period. SG Americas Securities LLC boosted its position in shares of Life Time Group by 12.4% during the first quarter. SG Americas Securities LLC now owns 11,485 shares of the company's stock worth $347,000 after buying an additional 1,269 shares during the period. Finally, IFP Advisors Inc boosted its position in shares of Life Time Group by 10,150.0% during the second quarter. IFP Advisors Inc now owns 1,640 shares of the company's stock worth $51,000 after buying an additional 1,624 shares during the period. 79.40% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LTH has been the subject of several research analyst reports. Wall Street Zen lowered Life Time Group from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Weiss Ratings reiterated a "hold (c+)" rating on shares of Life Time Group in a research note on Wednesday, October 8th. Finally, UBS Group set a $48.00 price objective on Life Time Group in a research note on Friday, October 17th. Nine equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $36.79.

Life Time Group Price Performance

Shares of LTH opened at $25.91 on Thursday. Life Time Group Holdings, Inc. has a twelve month low of $21.49 and a twelve month high of $34.99. The stock's 50 day moving average is $27.53 and its two-hundred day moving average is $28.74. The firm has a market capitalization of $5.70 billion, a PE ratio of 25.40 and a beta of 1.70. The company has a current ratio of 0.65, a quick ratio of 0.53 and a debt-to-equity ratio of 0.52.

Life Time Group (NYSE:LTH - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.37 earnings per share for the quarter, beating 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 analyst estimates of $752.33 million. During the same quarter in the previous year, the company earned $0.26 EPS. The firm's revenue for the quarter was up 14.0% compared to the same quarter last year. Life Time Group has set its FY 2025 guidance at EPS. Research 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 news, Director John G. Danhakl sold 4,991,976 shares of the business's stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $28.95, for a total transaction of $144,517,705.20. Following the sale, the director owned 24,906,061 shares of the company's stock, valued at $721,030,465.95. The trade was a 16.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Erik Weaver sold 4,846 shares of the business's stock in a transaction that occurred on Monday, October 13th. The stock was sold at an average price of $25.10, for a total value of $121,634.60. Following the sale, the chief financial officer directly owned 81,765 shares in the company, valued at $2,052,301.50. This trade represents a 5.60% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,743,880 shares of company stock worth $311,008,231 in the last three months. Company insiders own 8.70% of the company's stock.

Life Time Group 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.

Want to see what other hedge funds are holding LTH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Life Time Group Holdings, Inc. (NYSE:LTH - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.