Tidal Investments LLC Acquires New Position in Life Time Group Holdings, Inc. $LTH

Key Points

• Tidal Investments acquired 353,556 Life Time Group shares in the second quarter, worth approximately $14.4 million and representing about 0.16% of the company. Institutional investors collectively own 79.4% of LTH.
• Life Time Group reported a quarterly earnings beat, with EPS of $0.48 versus the $0.37 consensus and revenue of $866 million, up 13.7% year over year. Analysts maintain a “Buy” consensus with an average price target of $54.85.
• Despite strong operating results and positive analyst sentiment, insiders sold approximately $301.4 million of stock over the last quarter, including two directors who each reduced their positions by 48.73%.

Tidal Investments LLC acquired a new stake in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 353,556 shares of the company's stock, valued at approximately $14,439,000. Tidal Investments LLC owned approximately 0.16% of Life Time Group at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LTH. Arizona State Retirement System increased its stake in shares of Life Time Group by 1.0% in the 2nd quarter. Arizona State Retirement System now owns 39,782 shares of the company's stock valued at $1,625,000 after purchasing an additional 412 shares during the last quarter. Kestra Advisory Services LLC lifted its position in shares of Life Time Group by 4.0% during the 4th quarter. Kestra Advisory Services LLC now owns 10,950 shares of the company's stock worth $291,000 after buying an additional 420 shares during the last quarter. Harbour Investments Inc. lifted its position in shares of Life Time Group by 8.8% during the 4th quarter. Harbour Investments Inc. now owns 6,387 shares of the company's stock worth $170,000 after buying an additional 516 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in Life Time Group by 49.5% in the first quarter. EverSource Wealth Advisors LLC now owns 1,772 shares of the company's stock valued at $48,000 after buying an additional 587 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC grew its position in Life Time Group by 13.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 6,119 shares of the company's stock valued at $163,000 after acquiring an additional 717 shares during the last quarter. 79.40% of the stock is currently owned by institutional investors.

Life Time Group Price Performance

Life Time Group stock opened at $41.41 on Friday. The company has a current ratio of 0.66, a quick ratio of 0.56 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $9.25 billion, a PE ratio of 22.51, a P/E/G ratio of 1.51 and a beta of 1.48. Life Time Group Holdings, Inc. has a 12 month low of $24.14 and a 12 month high of $47.24. The stock has a 50-day moving average price of $43.34 and a two-hundred day moving average price of $35.01.

Life Time Group (NYSE:LTH - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.11. Life Time Group had a return on equity of 10.56% and a net margin of 13.07%.The company had revenue of $866.00 million for the quarter, compared to analysts' expectations of $845.75 million. During the same period in the previous year, the business posted $0.37 earnings per share. The business's quarterly revenue was up 13.7% compared to the same quarter last year. Analysts expect that Life Time Group Holdings, Inc. will post 1.59 EPS for the current year.

Analyst Ratings Changes

Several brokerages have commented on LTH. Jefferies Financial Group boosted their target price on Life Time Group from $41.00 to $51.00 and gave the stock a "buy" rating in a research note on Monday, June 29th. Mizuho raised their price target on shares of Life Time Group from $63.00 to $64.00 and gave the company an "outperform" rating in a research note on Friday, July 31st. Oppenheimer lifted their price target on shares of Life Time Group from $43.00 to $60.00 and gave the company an "outperform" rating in a report on Thursday, June 25th. Weiss Ratings raised shares of Life Time Group from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday, August 6th. Finally, Guggenheim reissued a "buy" rating and issued a $50.00 price objective on shares of Life Time Group in a research note on Wednesday, August 12th. Two investment analysts have rated the stock with a Strong Buy rating and thirteen have given a Buy rating to the stock. According to data from MarketBeat, Life Time Group presently has an average rating of "Buy" and an average price target of $54.85.

Insider Buying and Selling at Life Time Group

In other Life Time Group news, Director John Galashan sold 2,879,154 shares of the company's stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $43.80, for a total value of $126,106,945.20. Following the completion of the transaction, the director directly owned 3,029,450 shares in the company, valued at approximately $132,689,910. This represents a 48.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John G. Danhakl sold 2,879,154 shares of the firm's stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $43.80, for a total transaction of $126,106,945.20. Following the transaction, the director directly owned 3,029,450 shares of the company's stock, valued at $132,689,910. The trade was a 48.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 6,860,173 shares of company stock worth $301,356,840 over the last quarter. Insiders own 13.30% of the company's stock.

Life Time Group Profile

Life Time Group Holdings, Inc operates a network of athletic country clubs and wellness facilities in the United States and Canada. The company provides an integrated range of fitness, health, and lifestyle services designed for individuals and families.

Its clubs typically offer fitness equipment and classes, personal training, indoor and outdoor pools, courts for sports such as tennis and pickleball, childcare, spa services, cafes, and spaces for social and work-related activities. Life Time also provides digital fitness content, nutrition and wellness programs, recreational activities, and athletic events through its clubs and online platforms.

Founded in 1992, the company was originally known as Life Time Fitness before becoming Life Time Group Holdings.

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