Jennison Associates LLC Purchases New Position in Life Time Group Holdings, Inc. $LTH

Jennison Associates LLC purchased a new stake in shares of Life Time Group Holdings, Inc. (NYSE:LTH) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 15,558 shares of the company’s stock, valued at approximately $472,000.

Several other institutional investors also recently bought and sold shares of LTH. Harbour Investments Inc. purchased a new position in Life Time Group during the first quarter valued at approximately $36,000. Nisa Investment Advisors LLC increased its position in shares of Life Time Group by 98.9% in the second 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 in the last quarter. IFP Advisors Inc increased its position in shares of Life Time Group by 10,150.0% in the second quarter. IFP Advisors Inc now owns 1,640 shares of the company’s stock valued at $51,000 after buying an additional 1,624 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its position in shares of Life Time Group by 226.5% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,750 shares of the company’s stock valued at $53,000 after buying an additional 1,214 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Life Time Group in the first quarter valued at approximately $74,000. 79.40% of the stock is currently owned by hedge funds and other institutional investors.

Life Time Group Stock Performance

Shares of NYSE:LTH opened at $24.79 on Monday. The business’s 50 day moving average price is $27.14 and its 200-day moving average price is $28.48. The firm has a market capitalization of $5.45 billion, a PE ratio of 24.30 and a beta of 1.68. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.65 and a quick ratio of 0.53. Life Time Group Holdings, Inc. has a 1 year low of $21.49 and a 1 year high of $34.99.

Life Time Group (NYSE:LTH) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.04. The company had revenue of $761.47 million for the quarter, compared to analyst estimates of $752.33 million. Life Time Group had a return on equity of 9.05% and a net margin of 8.03%.The firm’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.26 earnings per share. Life Time Group has set its FY 2025 guidance at EPS. As a group, equities research analysts expect that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Weiss Ratings restated a “hold (c+)” rating on shares of Life Time Group in a research report on Wednesday, October 8th. Wall Street Zen cut Life Time Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. UBS Group set a $48.00 price objective on Life Time Group in a research report on Friday, October 17th. Finally, Morgan Stanley upgraded Life Time Group from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $34.00 to $39.00 in a research report on Monday, October 27th. Ten research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $37.14.

Insider Activity at Life Time Group

In other Life Time Group news, major shareholder Partners Group Private Equity sold 745,707 shares of the business’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 transaction, the insider owned 3,720,500 shares of the company’s stock, valued at approximately $107,708,475. The trade was a 16.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Parham Javaheri sold 9,375 shares of Life Time Group stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $28.05, for a total value of $262,968.75. Following the completion of the sale, the executive vice president owned 240,151 shares in the company, valued at $6,736,235.55. This represents a 3.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 10,743,880 shares of company stock valued at $311,008,231 in the last three months. 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.