Life Time Group (NYSE:LTH) Releases Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Key Points

• Life Time Group reported quarterly earnings of $0.32 per share, falling short of the expected $0.33 by $0.01, despite achieving a revenue of $761.47 million, exceeding estimates of $752.33 million.
• The company's shares fell by $1.49 to $27.10 during midday trading, with a market capitalization of $5.95 billion and trading volume surpassing its average.
• Insider transactions saw significant selling, with Director John G. Danhakl selling over 11.6 million shares, resulting in a 28.05% decrease in his position.

Life Time Group (NYSE:LTH - Get Free Report) posted its quarterly earnings data on Tuesday. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.01), Zacks reports. Life Time Group had a return on equity of 8.29% and a net margin of 7.60%. The firm had revenue of $761.47 million for the quarter, compared to analyst estimates of $752.33 million. During the same quarter last year, the company earned $0.26 earnings per share. The company's quarterly revenue was up 14.0% compared to the same quarter last year. Life Time Group updated its FY 2025 guidance to EPS.

Life Time Group Stock Performance

Shares of NYSE LTH traded down $1.49 during midday trading on Tuesday, reaching $27.10. The company's stock had a trading volume of 2,882,427 shares, compared to its average volume of 2,539,344. Life Time Group has a 12-month low of $21.49 and a 12-month high of $34.99. The firm has a 50 day moving average price of $28.98 and a 200-day moving average price of $29.89. The stock has a market capitalization of $5.95 billion, a P/E ratio of 28.28 and a beta of 1.73. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.43 and a quick ratio of 0.31.

Insider Transactions at Life Time Group

In other 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 stock was sold at an average price of $29.38, for a total value of $342,440,999.16. Following the transaction, the director owned 29,898,037 shares in the company, valued at $878,404,327.06. The trade was a 28.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 value of $3,866,313.60. Following the completion of the transaction, the executive vice president owned 133,189 shares in the company, valued at $3,835,843.20. The trade was a 50.20% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,548,155 shares of company stock worth $691,624,905. 8.70% of the stock is owned by insiders.

Institutional Trading of Life Time Group

Several hedge funds have recently added to or reduced their stakes in LTH. Caxton Associates LLP bought a new stake in Life Time Group in the first quarter worth about $221,000. Acadian Asset Management LLC bought a new stake in Life Time Group in the first quarter worth about $839,000. Royal Bank of Canada raised its position in Life Time Group by 140.4% in the first quarter. Royal Bank of Canada now owns 54,380 shares of the company's stock worth $1,642,000 after acquiring an additional 31,762 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Life Time Group by 25.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 70,855 shares of the company's stock worth $2,140,000 after acquiring an additional 14,267 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Life Time Group by 47.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 199,287 shares of the company's stock worth $6,018,000 after acquiring an additional 64,348 shares during the period. Institutional investors own 79.40% of the company's stock.

Analyst Ratings Changes

LTH has been the subject of a number of research reports. Craig Hallum upgraded shares of Life Time Group to a "buy" rating and set a $45.00 price target for the company in a report on Friday, May 23rd. Wall Street Zen cut shares of Life Time Group from a "buy" rating to a "hold" rating in a report on Saturday. 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 report on Friday, May 9th. Finally, Guggenheim restated a "buy" rating and issued a $36.00 price target on shares of Life Time Group in a report on Tuesday, June 24th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Life Time Group currently has a consensus rating of "Moderate Buy" and an average price target of $35.92.

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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