Voya Investment Management LLC Grows Holdings in Life Time Group Holdings, Inc. $LTH

Voya Investment Management LLC increased its holdings in shares of Life Time Group Holdings, Inc. (NYSE:LTH) by 30.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 28,242 shares of the company’s stock after buying an additional 6,645 shares during the period. Voya Investment Management LLC’s holdings in Life Time Group were worth $853,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Life Time Group by 32.2% in the 1st quarter. Vanguard Group Inc. now owns 9,365,193 shares of the company’s stock valued at $282,829,000 after buying an additional 2,282,007 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Life Time Group by 1,729.3% during the 1st quarter. Ameriprise Financial Inc. now owns 5,066,245 shares of the company’s stock worth $154,547,000 after purchasing an additional 4,789,288 shares during the last quarter. Driehaus Capital Management LLC boosted its position in shares of 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 worth $95,637,000 after acquiring an additional 211,117 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Life Time Group by 143.7% during the first quarter. Goldman Sachs Group Inc. now owns 2,422,304 shares of the company’s stock valued at $73,154,000 after buying an additional 1,428,446 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. lifted its position in Life Time Group by 29.1% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 2,389,597 shares of the company’s stock valued at $72,166,000 after buying an additional 539,294 shares in the last quarter. 79.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on LTH. Wall Street Zen lowered shares of Life Time Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Guggenheim reiterated a “buy” rating and issued a $36.00 price target on shares of Life Time Group in a research report on Tuesday, June 24th. Eight analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.92.

Insiders Place Their Bets

In other Life Time Group news, Director John G. Danhakl sold 4,991,976 shares of the business’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $28.95, for a total transaction of $144,517,705.20. Following the transaction, the director owned 24,906,061 shares of the company’s stock, valued at $721,030,465.95. The trade was a 16.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Parham Javaheri sold 9,375 shares of Life Time Group stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $28.05, for a total value 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 represents a 3.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 10,739,034 shares of company stock worth $310,886,597. 8.70% of the stock is owned by company insiders.

Life Time Group Stock Performance

Shares of NYSE LTH opened at $27.86 on Thursday. The company has a current ratio of 0.65, a quick ratio of 0.53 and a debt-to-equity ratio of 0.52. The business has a fifty day simple moving average of $28.33 and a 200 day simple moving average of $29.25. Life Time Group Holdings, Inc. has a one year low of $21.49 and a one year high of $34.99. The firm has a market capitalization of $6.13 billion, a price-to-earnings ratio of 27.31 and a beta of 1.72.

Life Time Group (NYSE:LTH) last released its quarterly earnings data 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. The firm had revenue of $761.47 million during the quarter, compared to analyst estimates of $752.33 million. Life Time Group had a return on equity of 9.05% and a net margin of 8.03%.The business’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.26 earnings per share. Life Time Group has set its FY 2025 guidance at EPS. Sell-side 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.