Farther Finance Advisors LLC Acquires 12,147 Shares of Life Time Group Holdings, Inc. $LTH

Farther Finance Advisors LLC boosted its stake in shares of Life Time Group Holdings, Inc. (NYSE:LTH) by 4,008.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,450 shares of the company’s stock after purchasing an additional 12,147 shares during the quarter. Farther Finance Advisors LLC’s holdings in Life Time Group were worth $378,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Amalgamated Bank increased its position in Life Time Group by 42.3% during the 1st quarter. Amalgamated Bank now owns 2,898 shares of the company’s stock worth $88,000 after buying an additional 862 shares during the period. Harbour Investments Inc. bought a new stake in Life Time Group during the first quarter worth $36,000. Caitong International Asset Management Co. Ltd boosted its stake in Life Time Group by 226.5% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,750 shares of the company’s stock valued at $53,000 after buying an additional 1,214 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of Life Time Group by 12.4% during the 1st quarter. SG Americas Securities LLC now owns 11,485 shares of the company’s stock valued at $347,000 after purchasing an additional 1,269 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Life Time Group in the 1st quarter valued at $74,000. Institutional investors and hedge funds own 79.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on LTH. Wall Street Zen cut shares of Life Time Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Guggenheim reiterated a “buy” rating and issued a $36.00 price objective on shares of Life Time Group in a research note on Tuesday, June 24th. Eight equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $35.92.

Life Time Group Stock Up 1.3%

LTH opened at $28.02 on Monday. Life Time Group Holdings, Inc. has a fifty-two week low of $21.49 and a fifty-two week high of $34.99. The company’s 50-day moving average is $28.23 and its 200 day moving average is $29.26. The firm has a market capitalization of $6.16 billion, a P/E ratio of 27.47 and a beta of 1.72. 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 (NYSE:LTH) last posted its quarterly earnings data 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 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 analysts’ expectations of $752.33 million. During the same quarter in the previous year, the firm earned $0.26 earnings per share. The business’s revenue was up 14.0% on a year-over-year basis. Life Time Group has set its FY 2025 guidance at EPS. Research analysts expect that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current fiscal year.

Insider Buying and Selling at Life Time Group

In related news, Director John G. Danhakl sold 4,991,976 shares of Life Time Group stock in a transaction 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 completion of the sale, the director owned 24,906,061 shares of the company’s stock, valued at approximately $721,030,465.95. This trade represents a 16.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John Kristofer Galashan sold 4,991,976 shares of the company’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 completion of the transaction, the director owned 24,906,061 shares in the company, valued at approximately $721,030,465.95. This trade represents a 16.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 10,739,034 shares of company stock valued at $310,886,597 over the last 90 days. 8.70% of the stock is currently owned by corporate insiders.

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.