Dimensional Fund Advisors LP Sells 36,933 Shares of Life Time Group Holdings, Inc. $LTH

Dimensional Fund Advisors LP decreased its holdings in Life Time Group Holdings, Inc. (NYSE:LTH) by 0.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,153,514 shares of the company’s stock after selling 36,933 shares during the quarter. Dimensional Fund Advisors LP owned about 2.41% of Life Time Group worth $155,641,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in LTH. Vanguard Group Inc. lifted its position 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 worth $282,829,000 after purchasing an additional 2,282,007 shares during the period. Burkehill Global Management LP purchased a new stake in Life Time Group in the first quarter worth about $46,473,000. Wedge Capital Management L L P NC purchased a new stake in Life Time Group in the first quarter worth about $40,471,000. Nuveen LLC bought a new stake in Life Time Group during the 1st quarter valued at approximately $37,889,000. Finally, Point72 Asset Management L.P. grew its holdings in shares of Life Time Group by 79.9% during the 4th quarter. Point72 Asset Management L.P. now owns 1,602,100 shares of the company’s stock worth $35,438,000 after acquiring an additional 711,443 shares during the period. 79.40% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Wall Street Zen cut Life Time Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Craig Hallum raised Life Time Group to a “buy” rating and set a $45.00 price objective for the company in a research report on Friday, May 23rd. Morgan Stanley boosted their target price on shares of Life Time Group from $33.00 to $34.00 and gave the company an “equal weight” rating in a report on Friday, May 9th. Finally, Guggenheim reiterated a “buy” rating and issued a $36.00 price target 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 issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $35.92.

Insider Buying and Selling at Life Time Group

In related news, Director John G. Danhakl sold 11,655,582 shares of the firm’s stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $29.38, for a total transaction of $342,440,999.16. Following the completion of the sale, the director owned 29,898,037 shares of the company’s stock, valued at $878,404,327.06. This trade represents a 28.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ritadhwaja Jebens Singh sold 134,247 shares of the business’s stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $28.80, for a total transaction of $3,866,313.60. Following the completion of the transaction, the executive vice president owned 133,189 shares of the company’s stock, valued at approximately $3,835,843.20. The trade was a 50.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,548,155 shares of company stock worth $691,624,905 in the last 90 days. Insiders own 8.70% of the company’s stock.

Life Time Group Stock Down 1.4%

Shares of NYSE:LTH opened at $28.0430 on Thursday. The company has a current ratio of 0.65, a quick ratio of 0.53 and a debt-to-equity ratio of 0.52. The stock has a fifty day simple moving average of $28.71 and a two-hundred day simple moving average of $29.77. Life Time Group Holdings, Inc. has a 12-month low of $21.49 and a 12-month high of $34.99. The stock has a market capitalization of $6.17 billion, a price-to-earnings ratio of 27.49 and a beta of 1.73.

Life Time Group (NYSE:LTH) last released its earnings results 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 for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 14.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.26 earnings per share. Life Time Group has set its FY 2025 guidance at EPS. On average, research analysts anticipate that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current fiscal year.

Life Time Group Company 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.