Life Time Group Holdings, Inc. $LTH Holdings Increased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its stake in shares of Life Time Group Holdings, Inc. (NYSE:LTH) by 30.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 787,109 shares of the company’s stock after buying an additional 184,738 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.37% of Life Time Group worth $23,771,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Summit Investment Advisors Inc. raised its position in shares of Life Time Group by 12.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 6,478 shares of the company’s stock worth $143,000 after buying an additional 712 shares in the last quarter. Amalgamated Bank grew its stake in shares of Life Time Group by 42.3% in the 1st quarter. Amalgamated Bank now owns 2,898 shares of the company’s stock worth $88,000 after purchasing an additional 862 shares during the last quarter. Harbour Investments Inc. acquired a new position in shares of Life Time Group in the 1st quarter worth approximately $36,000. Sherbrooke Park Advisers LLC grew its stake in shares of Life Time Group by 10.3% in the 4th quarter. Sherbrooke Park Advisers LLC now owns 13,151 shares of the company’s stock worth $291,000 after purchasing an additional 1,224 shares during the last quarter. Finally, SG Americas Securities LLC grew its stake in shares of Life Time Group by 12.4% in the 1st quarter. SG Americas Securities LLC now owns 11,485 shares of the company’s stock worth $347,000 after purchasing an additional 1,269 shares during the last quarter. 79.40% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP Ritadhwaja Jebens Singh sold 134,247 shares of the business’s stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $28.80, for a total transaction of $3,866,313.60. Following the transaction, the executive vice president directly owned 133,189 shares of the company’s stock, valued at approximately $3,835,843.20. The trade was a 50.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director John G. Danhakl sold 11,655,582 shares of the business’s stock in a transaction that occurred on 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 transaction, the director directly owned 29,898,037 shares in the company, valued at $878,404,327.06. The trade was a 28.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,548,155 shares of company stock valued at $691,624,905 in the last three months. 8.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Guggenheim reaffirmed a “buy” rating and issued a $36.00 price objective on shares of Life Time Group in a research note on Tuesday, June 24th. Wall Street Zen cut shares of Life Time Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Morgan Stanley lifted their price objective 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. Finally, 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 note on Friday, May 23rd. Eight investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Life Time Group currently has an average rating of “Moderate Buy” and a consensus target price of $35.92.

Life Time Group Stock Performance

Life Time Group stock opened at $28.0430 on Thursday. The firm’s 50 day simple moving average is $28.71 and its 200-day simple moving average is $29.77. The company has a market cap of $6.17 billion, a P/E ratio of 27.49 and a beta of 1.73. 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 fifty-two week low of $21.49 and a fifty-two week high of $34.99.

Life Time Group (NYSE:LTH) last released its earnings results on Tuesday, August 5th. The company reported $0.37 earnings per share 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 business had revenue of $761.47 million for the quarter, compared to the consensus estimate of $752.33 million. During the same period last year, the firm posted $0.26 earnings per share. The firm’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 research analysts predict that Life Time Group Holdings, Inc. will post 0.74 EPS for the current year.

Life Time Group 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.