IFP Advisors Inc Buys 1,624 Shares of Life Time Group Holdings, Inc. $LTH

IFP Advisors Inc raised its stake in shares of Life Time Group Holdings, Inc. (NYSE:LTH) by 10,150.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,640 shares of the company’s stock after acquiring an additional 1,624 shares during the quarter. IFP Advisors Inc’s holdings in Life Time Group were worth $51,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Harbour Investments Inc. bought a new position in shares of Life Time Group during the first quarter valued at $36,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Life Time Group by 226.5% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,750 shares of the company’s stock valued at $53,000 after acquiring an additional 1,214 shares during the period. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Life Time Group during the first quarter valued at $74,000. Amalgamated Bank lifted its holdings in shares of Life Time Group by 42.3% during the first quarter. Amalgamated Bank now owns 2,898 shares of the company’s stock valued at $88,000 after acquiring an additional 862 shares during the period. Finally, KBC Group NV bought a new position in shares of Life Time Group during the first quarter valued at $121,000. 79.40% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Wall Street Zen cut Life Time Group from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. UBS Group set a $48.00 price target on Life Time Group in a report on Friday. Guggenheim reaffirmed a “buy” rating and issued a $36.00 price target on shares of Life Time Group in a report on Tuesday, June 24th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Life Time Group in a report on Wednesday, October 8th. Nine equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $36.79.

Insider Activity at Life Time Group

In other news, EVP Parham Javaheri sold 9,375 shares of the business’s stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $28.05, for a total transaction of $262,968.75. Following the completion of the transaction, the executive vice president directly owned 240,151 shares in the company, valued at approximately $6,736,235.55. The trade was a 3.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Erik Weaver sold 4,846 shares of the business’s stock in a transaction dated Monday, October 13th. The stock was sold at an average price of $25.10, for a total value of $121,634.60. Following the transaction, the chief financial officer owned 81,765 shares of the company’s stock, valued at $2,052,301.50. The trade was a 5.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 10,743,880 shares of company stock worth $311,008,231. 8.70% of the stock is owned by company insiders.

Life Time Group Price Performance

Shares of LTH stock opened at $26.14 on Wednesday. The stock has a 50-day moving average price of $27.57 and a 200 day moving average price of $28.76. The company has a quick ratio of 0.53, a current ratio of 0.65 and a debt-to-equity ratio of 0.52. The firm has a market cap of $5.75 billion, a price-to-earnings ratio of 25.62 and a beta of 1.70. Life Time Group Holdings, Inc. has a 12 month low of $21.49 and a 12 month high of $34.99.

Life Time Group (NYSE:LTH) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates 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 company’s revenue was up 14.0% on a year-over-year basis. During the same period last year, the company earned $0.26 earnings per share. Life Time Group has set its FY 2025 guidance at EPS. Research analysts expect 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.