Life Time Group Holdings, Inc. $LTH Shares Bought by Franklin Resources Inc.

Franklin Resources Inc. lifted its holdings in shares of Life Time Group Holdings, Inc. (NYSE:LTH) by 1.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 284,244 shares of the company’s stock after acquiring an additional 5,112 shares during the quarter. Franklin Resources Inc. owned about 0.13% of Life Time Group worth $8,621,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Harbour Investments Inc. purchased a new position in Life Time Group in the first quarter valued at about $36,000. Nisa Investment Advisors LLC raised its holdings in shares of Life Time Group by 98.9% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,506 shares of the company’s stock valued at $46,000 after buying an additional 749 shares during the period. IFP Advisors Inc lifted its position in Life Time Group by 10,150.0% during the 2nd quarter. IFP Advisors Inc now owns 1,640 shares of the company’s stock worth $51,000 after acquiring an additional 1,624 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in Life Time Group by 226.5% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,750 shares of the company’s stock worth $53,000 after acquiring an additional 1,214 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Life Time Group in the first quarter valued at approximately $74,000. 79.40% of the stock is currently owned by institutional investors and hedge funds.

Life Time Group Trading Up 0.1%

Life Time Group stock opened at $27.92 on Friday. Life Time Group Holdings, Inc. has a 1 year low of $21.49 and a 1 year high of $34.99. The firm’s 50-day moving average is $26.17 and its 200-day moving average is $27.78. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.67. The company has a market cap of $6.16 billion, a P/E ratio of 21.64, a PEG ratio of 0.89 and a beta of 1.68.

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

Insider Activity

In related news, major shareholder Partners Group Private Equity sold 745,707 shares of the stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $28.95, for a total value of $21,588,217.65. Following the sale, the insider owned 3,720,500 shares of the company’s stock, valued at $107,708,475. This trade represents a 16.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John G. Danhakl sold 4,991,976 shares of Life Time Group stock in a transaction dated Thursday, September 11th. The shares were 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 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 have sold a total of 10,734,505 shares of company stock worth $310,745,263 over the last ninety days. Insiders own 8.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. 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. Weiss Ratings reiterated a “hold (c+)” rating on shares of Life Time Group in a report on Wednesday, October 8th. 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. Morgan Stanley cut their price target on Life Time Group from $39.00 to $37.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 12th. Finally, UBS Group set a $48.00 price target on Life Time Group in a report on Friday, October 17th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Life Time Group currently has a consensus rating of “Moderate Buy” and a consensus 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.