Versor Investments LP Purchases 19,874 Shares of Life Time Group Holdings, Inc. $LTH

Versor Investments LP lifted its position in shares of Life Time Group Holdings, Inc. (NYSE:LTH) by 42.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 66,874 shares of the company’s stock after purchasing an additional 19,874 shares during the period. Versor Investments LP’s holdings in Life Time Group were worth $2,028,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Harbour Investments Inc. bought a new stake in Life Time Group in the first quarter worth about $36,000. Nisa Investment Advisors LLC raised its position in Life Time Group by 98.9% in the second quarter. Nisa Investment Advisors LLC now owns 1,506 shares of the company’s stock worth $46,000 after acquiring an additional 749 shares during the period. IFP Advisors Inc raised its position in Life Time Group by 10,150.0% in the second quarter. IFP Advisors Inc now owns 1,640 shares of the company’s stock worth $51,000 after acquiring an additional 1,624 shares during the period. Caitong International Asset Management Co. Ltd raised its position in 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 worth $53,000 after acquiring an additional 1,214 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new stake in Life Time Group in the first quarter worth about $74,000. 79.40% of the stock is owned by institutional investors.

Insider Activity at Life Time Group

In related news, CFO Erik Weaver sold 4,846 shares of the company’s stock in a transaction on Monday, October 13th. The shares were sold at an average price of $25.10, for a total transaction of $121,634.60. Following the completion of the sale, the chief financial officer directly owned 81,765 shares in the company, valued at $2,052,301.50. This represents a 5.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director John G. Danhakl sold 4,991,976 shares of the company’s stock in a transaction on 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 sale, the director owned 24,906,061 shares of the company’s stock, valued at $721,030,465.95. This represents a 16.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 10,743,880 shares of company stock worth $311,008,231 over the last ninety days. Insiders own 8.70% of the company’s stock.

Life Time Group Price Performance

Shares of Life Time Group stock opened at $24.79 on Friday. Life Time Group Holdings, Inc. has a 52-week low of $21.49 and a 52-week high of $34.99. The stock has a market capitalization of $5.45 billion, a price-to-earnings ratio of 24.30 and a beta of 1.70. The company has a fifty day moving average of $27.14 and a 200-day moving average of $28.50. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.53 and a current ratio of 0.65.

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

Analysts Set New Price Targets

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

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.