Vanguard Group Inc. Has $282.83 Million Stock Position in Life Time Group Holdings, Inc. $LTH

Key Points

• Vanguard Group Inc. increased its stake in Life Time Group Holdings, Inc. by 32.2% during the first quarter, owning over 9 million shares valued at approximately $282 million.
• Insiders at Life Time Group have sold 23.5 million shares worth nearly $692 million in the last 90 days, indicating significant insider trading activity.
• Life Time Group reported a quarterly earnings per share (EPS) of $0.37, surpassing analyst expectations of $0.33, with revenue reaching approximately $761 million.

Vanguard Group Inc. grew its position in Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 32.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,365,193 shares of the company's stock after buying an additional 2,282,007 shares during the period. Vanguard Group Inc. owned approximately 4.38% of Life Time Group worth $282,829,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its holdings in shares of Life Time Group by 2.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,190,447 shares of the company's stock valued at $114,809,000 after buying an additional 147,295 shares during the period. Driehaus Capital Management LLC lifted its position in Life Time Group by 5.2% in the 4th quarter. Driehaus Capital Management LLC now owns 2,955,669 shares of the company's stock valued at $65,379,000 after acquiring an additional 145,002 shares in the last quarter. Hood River Capital Management LLC lifted its position in Life Time Group by 2.4% in the 4th quarter. Hood River Capital Management LLC now owns 2,787,210 shares of the company's stock valued at $61,653,000 after acquiring an additional 64,613 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its position in Life Time Group by 6.6% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 1,850,303 shares of the company's stock valued at $40,929,000 after acquiring an additional 115,115 shares in the last quarter. Finally, Granahan Investment Management LLC lifted its position in Life Time Group by 3.7% in the 4th quarter. Granahan Investment Management LLC now owns 1,638,309 shares of the company's stock valued at $36,239,000 after acquiring an additional 58,867 shares in the last quarter. Institutional investors and hedge funds own 79.40% of the company's stock.

Insider Buying and Selling

In other news, EVP Ritadhwaja Jebens Singh sold 134,247 shares of the company's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $28.80, for a total value 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 represents a 50.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John Kristofer Galashan sold 11,655,582 shares of the firm's stock in a transaction dated 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 owned 29,898,037 shares of the company's stock, valued at $878,404,327.06. This trade represents a 28.05% 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 three months. Company insiders own 8.70% of the company's stock.

Wall Street Analysts Forecast Growth

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

Life Time Group Stock Up 2.7%

Shares of NYSE LTH traded up $0.76 during mid-day trading on Friday, hitting $29.07. The company had a trading volume of 1,514,409 shares, compared to its average volume of 2,657,963. The company has a market capitalization of $6.40 billion, a PE ratio of 28.50 and a beta of 1.73. The firm has a 50-day simple moving average of $28.75 and a two-hundred day simple moving average of $29.75. 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 one year low of $21.49 and a one year high of $34.99.

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 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%.Life Time Group's revenue for the quarter was up 14.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.26 EPS. Life Time Group has set its FY 2025 guidance at EPS. On average, equities analysts expect that Life Time Group Holdings, Inc. will post 0.74 EPS for the current 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.