Park Avenue Securities LLC Trims Stake in Life Time Group Holdings, Inc. $LTH

Park Avenue Securities LLC lowered its stake in Life Time Group Holdings, Inc. (NYSE:LTH) by 24.5% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 26,591 shares of the company’s stock after selling 8,648 shares during the quarter. Park Avenue Securities LLC’s holdings in Life Time Group were worth $806,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LTH. Farther Finance Advisors LLC raised its holdings in Life Time Group by 4,008.9% in the 2nd quarter. Farther Finance Advisors LLC now owns 12,450 shares of the company’s stock valued at $378,000 after acquiring an additional 12,147 shares during the last quarter. Wedge Capital Management L L P NC raised its holdings in Life Time Group by 1.7% in the 2nd quarter. Wedge Capital Management L L P NC now owns 1,362,879 shares of the company’s stock valued at $41,336,000 after acquiring an additional 22,790 shares during the last quarter. Diversified Trust Co acquired a new position in Life Time Group in the 2nd quarter valued at $697,000. Moody National Bank Trust Division raised its holdings in Life Time Group by 12.1% in the 2nd quarter. Moody National Bank Trust Division now owns 112,501 shares of the company’s stock valued at $3,412,000 after acquiring an additional 12,178 shares during the last quarter. Finally, MRA Advisory Group raised its holdings in Life Time Group by 58.9% in the 2nd quarter. MRA Advisory Group now owns 18,658 shares of the company’s stock valued at $566,000 after acquiring an additional 6,917 shares during the last quarter. Hedge funds and other institutional investors own 79.40% of the company’s stock.

Life Time Group Trading Up 1.3%

LTH stock opened at $28.02 on Friday. The company has a market cap of $6.16 billion, a price-to-earnings ratio of 27.47 and a beta of 1.72. 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 business has a fifty day simple moving average of $28.23 and a 200-day simple moving average of $29.25. Life Time Group Holdings, Inc. has a 52 week low of $21.49 and a 52 week high of $34.99.

Life Time Group (NYSE:LTH) last released 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. Life Time Group had a return on equity of 9.05% and a net margin of 8.03%.The business had revenue of $761.47 million during the quarter, compared to the consensus estimate of $752.33 million. During the same period in the prior year, the firm posted $0.26 EPS. The business’s revenue for the quarter was up 14.0% on a year-over-year basis. Life Time Group has set its FY 2025 guidance at EPS. On average, equities research analysts expect that Life Time Group Holdings, Inc. will post 0.74 EPS for the current year.

Wall Street Analysts Forecast Growth

LTH has been the subject of several analyst reports. Guggenheim reiterated a “buy” rating and issued a $36.00 price target on shares of Life Time Group in a report on Tuesday, June 24th. Wall Street Zen downgraded Life Time Group from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. Eight analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.92.

Insider Buying and Selling at Life Time Group

In related news, EVP Parham Javaheri sold 9,375 shares of the company’s stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $28.05, for a total transaction of $262,968.75. Following the completion of the sale, the executive vice president directly owned 240,151 shares of the company’s stock, valued at approximately $6,736,235.55. This represents a 3.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Partners Group Private Equity sold 745,707 shares of the company’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $28.95, for a total transaction of $21,588,217.65. Following the sale, the insider directly owned 3,720,500 shares of the company’s stock, valued at approximately $107,708,475. This trade represents a 16.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 10,739,034 shares of company stock valued at $310,886,597 in the last quarter. Company insiders own 8.70% of the company’s stock.

About Life Time Group

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.