Life Time Group Holdings, Inc. $LTH Shares Purchased by Level Four Advisory Services LLC

Level Four Advisory Services LLC raised its position in Life Time Group Holdings, Inc. (NYSE:LTH) by 26.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 74,763 shares of the company’s stock after purchasing an additional 15,813 shares during the quarter. Level Four Advisory Services LLC’s holdings in Life Time Group were worth $2,268,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in LTH. Ameriprise Financial Inc. lifted its holdings in Life Time Group by 1,729.3% in the first quarter. Ameriprise Financial Inc. now owns 5,066,245 shares of the company’s stock valued at $154,547,000 after acquiring an additional 4,789,288 shares during the last quarter. Vanguard Group Inc. lifted its stake 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 purchasing an additional 2,282,007 shares during the last quarter. Burkehill Global Management LP purchased a new position in shares of Life Time Group during the 1st quarter worth $46,473,000. JPMorgan Chase & Co. grew its holdings in shares of Life Time Group by 64.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,881,566 shares of the company’s stock worth $117,728,000 after purchasing an additional 1,525,398 shares during the period. Finally, Goldman Sachs Group Inc. lifted its stake 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 worth $73,154,000 after purchasing an additional 1,428,446 shares in the last quarter. Hedge funds and other institutional investors own 79.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on LTH. Morgan Stanley cut their price objective on Life Time Group from $39.00 to $37.00 and set an “overweight” rating on the stock in a report on Wednesday, November 12th. Wall Street Zen downgraded Life Time Group from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. Zacks Research upgraded Life Time Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 11th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Life Time Group in a report on Wednesday, October 8th. Finally, UBS Group set a $48.00 price objective on shares of Life Time Group in a research report on Friday, October 17th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.00.

Insider Activity

In other news, Director John Kristofer Galashan sold 4,991,976 shares of the business’s 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 transaction, the director directly owned 24,906,061 shares in the company, valued at $721,030,465.95. The trade was a 16.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John G. Danhakl sold 4,991,976 shares of the firm’s 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 of the company’s stock, valued at approximately $721,030,465.95. The trade was a 16.70% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 10,734,505 shares of company stock worth $310,745,263 in the last 90 days. Corporate insiders own 8.70% of the company’s stock.

Life Time Group Stock Up 0.1%

LTH opened at $27.92 on Friday. Life Time Group Holdings, Inc. has a 52 week low of $21.49 and a 52 week high of $34.99. The business has a 50 day moving average price of $26.17 and a two-hundred day moving average price of $27.78. The company has a quick ratio of 0.55, a current ratio of 0.67 and a debt-to-equity ratio of 0.50. The company has a market cap of $6.16 billion, a PE ratio of 21.64, a P/E/G ratio of 0.89 and a beta of 1.68.

Life Time Group (NYSE:LTH) last released its earnings results on Tuesday, November 4th. The company reported $0.41 earnings per share (EPS) for the quarter, beating 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 business had revenue of $782.65 million for the quarter, compared to analyst estimates of $770.93 million. Life Time Group has set its FY 2025 guidance at EPS. As a group, research analysts anticipate 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.