Loomis Sayles & Co. L P Sells 375,222 Shares of Life Time Group Holdings, Inc. $LTH

Loomis Sayles & Co. L P cut its position in Life Time Group Holdings, Inc. (NYSE:LTH) by 11.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,977,806 shares of the company’s stock after selling 375,222 shares during the period. Loomis Sayles & Co. L P owned 1.35% of Life Time Group worth $90,317,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ameriprise Financial Inc. lifted its holdings in shares of Life Time Group by 1,729.3% in the 1st quarter. Ameriprise Financial Inc. now owns 5,066,245 shares of the company’s stock worth $154,547,000 after purchasing an additional 4,789,288 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Life Time Group by 32.2% in the first quarter. Vanguard Group Inc. now owns 9,365,193 shares of the company’s stock valued at $282,829,000 after buying an additional 2,282,007 shares in the last quarter. Norges Bank acquired a new position in shares of Life Time Group during the second quarter valued at about $50,999,000. Burkehill Global Management LP bought a new stake in shares of Life Time Group during the first quarter worth about $46,473,000. Finally, JPMorgan Chase & Co. increased its position in shares of Life Time Group by 64.7% during the second quarter. JPMorgan Chase & Co. now owns 3,881,566 shares of the company’s stock worth $117,728,000 after acquiring an additional 1,525,398 shares in the last quarter. Institutional investors own 79.40% of the company’s stock.

Insider Buying and Selling

In other news, Director John G. Danhakl sold 4,991,976 shares of the firm’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $28.95, for a total value of $144,517,705.20. Following the completion of the transaction, the director directly owned 24,906,061 shares of the company’s stock, valued at $721,030,465.95. This trade represents a 16.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Erik Weaver sold 4,846 shares of the firm’s stock in a transaction dated Monday, October 13th. The stock was sold at an average price of $25.10, for a total value of $121,634.60. Following the completion of the transaction, the chief financial officer owned 81,765 shares of the company’s stock, valued at approximately $2,052,301.50. This represents a 5.60% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 10,734,505 shares of company stock worth $310,745,263. Insiders own 8.70% of the company’s stock.

Life Time Group Stock Up 0.1%

Shares of NYSE LTH opened at $27.92 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.67 and a quick ratio of 0.55. The stock has a market capitalization 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 Holdings, Inc. has a one year low of $21.49 and a one year high of $34.99. The business’s fifty day moving average price is $26.17 and its 200-day moving average price is $27.80.

Life Time Group (NYSE:LTH) last announced its quarterly earnings data 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. The business had revenue of $782.65 million for the quarter, compared to analysts’ expectations of $770.93 million. Life Time Group had a return on equity of 9.75% and a net margin of 9.91%. Life Time Group has set its FY 2025 guidance at EPS. On average, equities research analysts anticipate that Life Time Group Holdings, Inc. will post 0.74 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on LTH. 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. Weiss Ratings restated a “hold (c+)” rating on shares of Life Time Group in a report on Wednesday, October 8th. Morgan Stanley lowered their price target on Life Time Group from $39.00 to $37.00 and set an “overweight” rating for the company in a research report on Wednesday, November 12th. Wall Street Zen downgraded shares of Life Time Group from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. Finally, UBS Group set a $48.00 price target on shares of Life Time Group in a report on Friday, October 17th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Life Time Group has a consensus rating of “Moderate Buy” and an average 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.