Life Time Group (NYSE:LTH) Given "Hold (C+)" Rating at Weiss Ratings

Key Points

• Life Time Group's stock has received a "hold (C+)" rating from Weiss Ratings, reflecting concerns among analysts about the company's future performance.
• The company's last quarterly earnings report showed an EPS of $0.37, exceeding estimates, with a 14% increase in revenue year-over-year.
• Major shareholder Partners Group Private Equity recently sold 745,707 shares of Life Time Group stock, indicating potential changes in insider sentiment about the company.

Life Time Group (NYSE:LTH - Get Free Report)'s stock had its "hold (c+)" rating reissued by research analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Several other brokerages have also issued reports on LTH. Wall Street Zen lowered shares of Life Time Group from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Guggenheim restated a "buy" rating and issued a $36.00 price objective on shares of Life Time Group in a report on Tuesday, June 24th. Eight analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat, Life Time Group has an average rating of "Moderate Buy" and a consensus price target of $35.92.

Life Time Group Stock Down 0.5%

NYSE LTH opened at $25.94 on Wednesday. Life Time Group has a 52 week low of $21.49 and a 52 week high of $34.99. The company has a quick ratio of 0.53, a current ratio of 0.65 and a debt-to-equity ratio of 0.52. The business's fifty day simple moving average is $27.92 and its 200-day simple moving average is $29.10. The firm has a market cap of $5.71 billion, a PE ratio of 25.43 and a beta of 1.70.

Life Time Group (NYSE:LTH - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.37 EPS for the quarter, topping the consensus estimate 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 business 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 firm earned $0.26 EPS. The company's quarterly revenue was up 14.0% compared to the same quarter last year. Life Time Group has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that Life Time Group will post 0.74 earnings per share for the current year.

Insider Buying and Selling

In other news, major shareholder Partners Group Private Equity sold 745,707 shares of Life Time Group stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $28.95, for a total value of $21,588,217.65. Following the completion of the transaction, the insider owned 3,720,500 shares in the company, valued at approximately $107,708,475. This trade represents a 16.70% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Parham Javaheri sold 9,375 shares of the business's stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $28.05, for a total transaction of $262,968.75. Following the transaction, the executive vice president owned 240,151 shares of the company's stock, valued at $6,736,235.55. This trade represents a 3.76% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 10,739,034 shares of company stock valued at $310,886,597. 8.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Life Time Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Life Time Group by 32.2% in the first quarter. Vanguard Group Inc. now owns 9,365,193 shares of the company's stock valued at $282,829,000 after purchasing an additional 2,282,007 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in Life Time Group by 41.3% in the second quarter. Ameriprise Financial Inc. now owns 7,157,957 shares of the company's stock valued at $216,644,000 after purchasing an additional 2,091,712 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Life Time Group by 64.7% in the second quarter. JPMorgan Chase & Co. now owns 3,881,566 shares of the company's stock valued at $117,728,000 after purchasing an additional 1,525,398 shares in the last quarter. Hood River Capital Management LLC boosted its holdings in Life Time Group by 21.3% in the second quarter. Hood River Capital Management LLC now owns 3,311,182 shares of the company's stock valued at $100,428,000 after purchasing an additional 581,324 shares in the last quarter. Finally, Driehaus Capital Management LLC boosted its holdings in Life Time Group by 7.1% in the first quarter. Driehaus Capital Management LLC now owns 3,166,786 shares of the company's stock valued at $95,637,000 after purchasing an additional 211,117 shares in the last quarter. 79.40% of the stock is owned by institutional investors and hedge funds.

About Life Time Group

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.

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