Life Time Group Holdings, Inc. $LTH Shares Bought by Trexquant Investment LP

Key Points

• Trexquant Investment LP has increased its stake in Life Time Group Holdings by 4.6%, owning 442,517 shares valued at approximately $13.36 million after purchasing an additional 19,416 shares.
• Life Time Group reported a 14.0% increase in quarterly revenue, totaling $761.47 million, with earnings per share of $0.37, surpassing expectations.
• The stock currently holds a consensus rating of "Moderate Buy" with a target price of $35.92, according to eight analysts who have rated it as Buy and five as Hold.

Trexquant Investment LP raised its position in Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 4.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 442,517 shares of the company's stock after purchasing an additional 19,416 shares during the period. Trexquant Investment LP owned 0.21% of Life Time Group worth $13,364,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in LTH. Vanguard Group Inc. increased its stake in Life Time Group by 32.2% in 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 period. Ameriprise Financial Inc. grew its position in Life Time Group by 1,729.3% in 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 period. Driehaus Capital Management LLC increased its position in shares of Life Time Group by 5.2% during the 4th quarter. Driehaus Capital Management LLC now owns 2,955,669 shares of the company's stock valued at $65,379,000 after purchasing an additional 145,002 shares during the last quarter. Fuller & Thaler Asset Management Inc. increased its holdings in Life Time Group by 29.1% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 2,389,597 shares of the company's stock valued at $72,166,000 after buying an additional 539,294 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in Life Time Group by 23.8% in 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 period. Hedge funds and other institutional investors own 79.40% of the company's stock.

Insider Buying and Selling at Life Time Group

In other Life Time Group news, EVP Ritadhwaja Jebens Singh sold 134,247 shares of Life Time Group 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 directly owned 133,189 shares in the company, valued at approximately $3,835,843.20. This trade represents a 50.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Parham Javaheri sold 84,744 shares of the firm's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $27.84, for a total transaction of $2,359,272.96. Following the completion of the sale, the executive vice president 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 position. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,557,530 shares of company stock worth $691,887,874. Corporate insiders own 8.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Craig Hallum raised Life Time Group to a "buy" rating and set a $45.00 price target on the stock in a report on Friday, May 23rd. Wall Street Zen downgraded shares of Life Time Group from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Morgan Stanley upped their price target on shares of Life Time Group from $33.00 to $34.00 and gave the company an "equal weight" rating in a report on Friday, May 9th. Finally, Guggenheim reaffirmed a "buy" rating and set a $36.00 target price on shares of Life Time Group in a research report on Tuesday, June 24th. Eight equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Life Time Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $35.92.

Life Time Group Price Performance

LTH traded down $0.02 during trading on Wednesday, hitting $27.46. The company's stock had a trading volume of 374,589 shares, compared to its average volume of 2,508,243. The firm has a market capitalization of $6.04 billion, a price-to-earnings ratio of 26.89 and a beta of 1.72. The business's fifty day simple moving average is $28.74 and its 200 day simple moving average is $29.57. 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 Holdings, Inc. has a twelve month low of $21.49 and a twelve month high of $34.99.

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, beating the consensus estimate of $0.33 by $0.04. The company had revenue of $761.47 million during the quarter, compared to analysts' expectations of $752.33 million. Life Time Group had a return on equity of 9.05% and a net margin of 8.03%.The firm's quarterly revenue was up 14.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.26 EPS. Life Time Group has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that Life Time Group Holdings, Inc. will post 0.74 EPS for the current fiscal year.

Life Time Group Company 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.