Life Time Group Holdings, Inc. $LTH Shares Bought by Ameritas Investment Partners Inc.

Ameritas Investment Partners Inc. lifted its stake in shares of Life Time Group Holdings, Inc. (NYSE:LTH) by 60.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,867 shares of the company’s stock after acquiring an additional 5,239 shares during the period. Ameritas Investment Partners Inc.’s holdings in Life Time Group were worth $421,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. American Century Companies Inc. boosted its stake in shares of Life Time Group by 33.6% during the 2nd quarter. American Century Companies Inc. now owns 2,440,010 shares of the company’s stock worth $74,006,000 after purchasing an additional 613,785 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of Life Time Group by 64.9% during the second quarter. Rhumbline Advisers now owns 200,431 shares of the company’s stock valued at $6,079,000 after buying an additional 78,879 shares during the period. AXQ Capital LP purchased a new position in shares of Life Time Group during the second quarter valued at approximately $580,000. Franklin Resources Inc. boosted its position in Life Time Group by 1.8% during the second quarter. Franklin Resources Inc. now owns 284,244 shares of the company’s stock worth $8,621,000 after acquiring an additional 5,112 shares during the last quarter. Finally, Legal & General Group Plc grew its stake in Life Time Group by 22.1% in the 2nd quarter. Legal & General Group Plc now owns 118,361 shares of the company’s stock worth $3,590,000 after acquiring an additional 21,428 shares during the period. Institutional investors and hedge funds own 79.40% of the company’s stock.

Life Time Group Price Performance

LTH opened at $27.92 on Friday. Life Time Group Holdings, Inc. has a twelve month low of $21.49 and a twelve month high of $34.99. The firm has a market cap of $6.16 billion, a price-to-earnings ratio of 21.64, a PEG ratio of 0.89 and a beta of 1.68. The company has a current ratio of 0.67, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The company has a fifty day simple moving average of $26.17 and a 200 day simple moving average of $27.78.

Life Time Group (NYSE:LTH) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. The firm had revenue of $782.65 million during the quarter, compared to analyst estimates of $770.93 million. Life Time Group had a return on equity of 9.75% and a net margin of 9.91%. Life Time Group has set its FY 2025 guidance at EPS. Equities research analysts expect that Life Time Group Holdings, Inc. will post 0.74 EPS for the current fiscal year.

Insider Buying and Selling at Life Time Group

In related news, CFO Erik Weaver sold 4,846 shares of the business’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 of the company’s stock, valued at $2,052,301.50. This represents a 5.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John G. Danhakl sold 4,991,976 shares of the firm’s stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $28.95, for a total value of $144,517,705.20. Following the completion of the sale, the director owned 24,906,061 shares in the company, valued at approximately $721,030,465.95. This represents a 16.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 10,734,505 shares of company stock valued at $310,745,263 over the last three months. 8.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

LTH has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Life Time Group in a research note on Wednesday, October 8th. Morgan Stanley reduced their target price on Life Time Group from $39.00 to $37.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 12th. UBS Group set a $48.00 price target on Life Time Group in a report on Friday, October 17th. Wall Street Zen downgraded shares of Life Time Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Finally, Zacks Research raised shares of Life Time Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 11th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $37.00.

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.