Bleakley Financial Group LLC Takes $403,000 Position in Life Time Group Holdings, Inc. $LTH

Bleakley Financial Group LLC bought a new stake in Life Time Group Holdings, Inc. (NYSE:LTH) during the 2nd quarter, HoldingsChannel reports. The fund bought 13,282 shares of the company’s stock, valued at approximately $403,000.

Several other hedge funds and other institutional investors have also made changes to their positions in LTH. Ameriprise Financial Inc. raised its stake in shares of Life Time Group by 1,729.3% in the first quarter. Ameriprise Financial Inc. now owns 5,066,245 shares of the company’s stock valued at $154,547,000 after acquiring an additional 4,789,288 shares during the period. Vanguard Group Inc. raised its stake in shares of 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 acquiring an additional 2,282,007 shares during the period. Burkehill Global Management LP purchased a new stake in shares of Life Time Group in the first quarter valued at $46,473,000. Goldman Sachs Group Inc. grew its holdings in shares of Life Time Group by 143.7% in the first quarter. Goldman Sachs Group Inc. now owns 2,422,304 shares of the company’s stock worth $73,154,000 after purchasing an additional 1,428,446 shares during the last quarter. Finally, Nuveen LLC bought a new position in shares of Life Time Group in the first quarter worth about $37,889,000. Hedge funds and other institutional investors own 79.40% of the company’s stock.

Insiders Place Their Bets

In other news, major shareholder Partners Group Private Equity sold 745,707 shares of the firm’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $28.95, for a total value of $21,588,217.65. Following the sale, the insider directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Erik Weaver sold 4,846 shares of the firm’s stock in a transaction dated Monday, October 13th. The shares were sold at an average price of $25.10, for a total transaction of $121,634.60. Following the completion of the sale, the chief financial officer owned 81,765 shares in the company, valued at $2,052,301.50. This represents a 5.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,743,880 shares of company stock worth $311,008,231. Insiders own 8.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on LTH. Wall Street Zen cut shares of Life Time Group from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. Weiss Ratings restated a “hold (c+)” rating on shares of Life Time Group in a report on Saturday. Finally, UBS Group set a $48.00 price target on shares of Life Time Group in a report on Friday, October 17th. Nine analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $36.79.

Life Time Group Stock Up 0.3%

Shares of Life Time Group stock opened at $25.94 on Monday. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.65 and a quick ratio of 0.53. Life Time Group Holdings, Inc. has a 1 year low of $21.49 and a 1 year high of $34.99. The firm’s 50-day moving average is $27.45 and its two-hundred day moving average is $28.70. The stock has a market cap of $5.71 billion, a price-to-earnings ratio of 25.43 and a beta of 1.70.

Life Time Group (NYSE:LTH) last issued its earnings results on Tuesday, August 5th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $752.33 million. During the same period in the prior year, the business earned $0.26 EPS. The firm’s quarterly revenue was up 14.0% on a year-over-year basis. Life Time Group has set its FY 2025 guidance at EPS. As a group, research analysts expect that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current fiscal year.

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.