Life Time Group Holdings, Inc. $LTH Shares Sold by Tpg Gp A LLC

Key Points

• Tpg Gp A LLC has reduced its position in Life Time Group Holdings, Inc. by 19.2%, now holding approximately 29.7 million shares, which accounts for 17.7% of their total portfolio.
• Multiple hedge funds have recently increased their stakes in Life Time Group, including Royal Bank of Canada and Graham Capital Management, indicating growing institutional interest in the company.
• Life Time Group reported strong quarterly earnings, with an increase in revenue of 14.0% year-on-year, exceeding analysts' expectations with $761.47 million in revenue.

TPG GP A LLC decreased its stake in Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 19.2% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 29,748,906 shares of the company's stock after selling 7,067,299 shares during the quarter. Life Time Group makes up about 17.7% of TPG GP A LLC's holdings, making the stock its 2nd biggest position. TPG GP A LLC owned approximately 13.56% of Life Time Group worth $898,417,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. increased its stake 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 worth $282,829,000 after purchasing an additional 2,282,007 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of Life Time Group by 1,729.3% during the 1st quarter. Ameriprise Financial Inc. now owns 5,066,245 shares of the company's stock worth $154,547,000 after purchasing an additional 4,789,288 shares during the last quarter. Driehaus Capital Management LLC increased its stake in shares of Life Time Group by 7.1% during the 1st quarter. Driehaus Capital Management LLC now owns 3,166,786 shares of the company's stock worth $95,637,000 after purchasing an additional 211,117 shares during the last quarter. Fuller & Thaler Asset Management Inc. increased its stake in shares of Life Time Group by 29.1% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 2,389,597 shares of the company's stock worth $72,166,000 after purchasing an additional 539,294 shares during the last quarter. Finally, Invesco Ltd. increased its stake in shares of Life Time Group by 23.8% during the 1st quarter. Invesco Ltd. now owns 2,289,180 shares of the company's stock worth $69,133,000 after purchasing an additional 440,045 shares during the last quarter. Institutional investors and hedge funds own 79.40% of the company's stock.

Wall Street Analyst Weigh In

LTH has been the topic of a number of research analyst reports. Craig Hallum upgraded shares of Life Time Group to a "buy" rating and set a $45.00 target price on the stock in a research note on Friday, May 23rd. Guggenheim reiterated a "buy" rating and issued a $36.00 target price on shares of Life Time Group in a research note on Tuesday, June 24th. Morgan Stanley raised their target price on shares of Life Time Group from $33.00 to $34.00 and gave the company an "equal weight" rating in a research note on Friday, May 9th. Finally, Wall Street Zen lowered shares of Life Time Group from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Eight research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $35.92.

Life Time Group Price Performance

Shares of NYSE:LTH traded up $0.24 during midday trading on Wednesday, reaching $27.71. 2,291,660 shares of the company's stock were exchanged, compared to its average volume of 2,308,272. The company's 50 day simple moving average is $28.71 and its two-hundred day simple moving average is $29.56. The firm has a market capitalization of $6.10 billion, a PE ratio of 25.38 and a beta of 1.72. Life Time Group Holdings, Inc. has a 12 month low of $21.49 and a 12 month high of $34.99. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.53 and a current ratio of 0.65.

Life Time Group (NYSE:LTH - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.37 EPS for the quarter, topping analysts' consensus estimates of $0.33 by $0.04. Life Time Group had a net margin of 8.03% and a return on equity of 9.05%. The company had revenue of $761.47 million during the quarter, compared to the consensus estimate of $752.33 million. During the same period last year, the firm 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. Equities research analysts expect that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current fiscal year.

Insider Buying and Selling at Life Time Group

In related news, Director John G. Danhakl sold 11,655,582 shares of the business's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $29.38, for a total transaction of $342,440,999.16. Following the completion of the sale, the director directly owned 29,898,037 shares of the company's stock, valued at $878,404,327.06. The trade was a 28.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Ritadhwaja Jebens Singh sold 134,247 shares of the business'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 transaction of $3,866,313.60. Following the sale, the executive vice president directly owned 133,189 shares of the company's stock, valued at approximately $3,835,843.20. This trade represents a 50.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,557,530 shares of company stock valued at $691,887,874 over the last 90 days. 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.