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Life Time Group Holdings, Inc. - LTH STOCK NEWS

Welcome to our dedicated page for Life Time Group Holdings news (Ticker: LTH), a resource for investors and traders seeking the latest updates and insights on Life Time Group Holdings stock.

Life Time Group Holdings, Inc. (NYSE: LTH) is a premier healthy lifestyle brand that designs, builds, and operates comprehensive, large-scale fitness and wellness centers. These centers, known as athletic country clubs, are located primarily in residential areas of metropolitan cities across the United States and Canada. Life Time offers a multitude of activities and amenities including professional fitness training, family recreation, spas, and resort-like environments catering to individuals and families.

Life Time's commitment to delivering uncompromising quality is evident in its range of services, which are both entertaining and educational. The company aims to meet the health and fitness needs of the entire family in an inviting and innovative manner. With over 170 athletic country clubs, Life Time has established itself as a significant player in the health and wellness industry, attracting more than 1.5 million members.

The company's recent achievements highlight its dynamic growth and innovation. In April 2024, Life Time opened its first dedicated pickleball facility in Chanhassen, Minnesota, featuring eight indoor and seven outdoor courts. This development aligns with their goal to become the premier destination for pickleball in the U.S., boasting over 630 courts across 130 clubs. The formation of the Life Time Pickleball and Tennis Board, led by tennis legend Andre Agassi, aims to elevate the profile of these sports within their communities.

Continuing its expansion in New York, Life Time launched its sixth athletic club, Life Time PENN 1, in April 2024. This 54,000-square-foot luxury club offers the most indoor pickleball courts in New York City and houses exclusive group training programs. Similarly, the newly opened Life Time Atlantic Avenue in Brooklyn provides a rich array of health and wellness offerings, complete with state-of-the-art training facilities and boutique studios.

Financially, Life Time reported a robust first-quarter performance in May 2024, leading to a raised full-year revenue and Adjusted EBITDA guidance. The company also closed a significant $40 million sale-leaseback transaction to support growth and strengthen its balance sheet. These financial maneuvers position Life Time well for continued expansion and operational excellence.

Life Time's vision is not only to provide exceptional health and wellness experiences but also to be an employer that values and develops its team members. The organization offers career growth opportunities across various roles within its clubs, supported by its mission to inspire healthy, happy lives through both physical and digital channels.

As Life Time continues to expand its footprint and enhance its offerings, it remains steadfast in its commitment to promoting a healthy way of life for its members and the broader community.

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Life Time (NYSE: LTH) has launched a 50,000-square-foot luxury athletic country club in Scottsdale, Arizona, enhancing Macerich's redevelopment efforts at Scottsdale Fashion Square. This facility features a rooftop beach club, advanced fitness offerings, and exclusive amenities aimed at promoting a healthy lifestyle. With a total of seven locations in Arizona since entering the market in 2003, Life Time emphasizes high-end experiences in fitness and wellness. The new club includes state-of-the-art equipment, dedicated fitness studios, and a spa, catering to those seeking premium health and wellness options.

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Life Time Group Holdings, Inc. (NYSE: LTH) announced the successful closing of a sale-leaseback transaction for $33 million as part of its ongoing strategy to execute $300 million in such transactions in 2023. The latest agreement involves a non-binding letter of intent for an additional $45 million sale-leaseback with an institutional investor, set to conclude by May 2023. The company's efforts are focused on leveraging proceeds from these transactions to foster growth opportunities and enhance its balance sheet.

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Life Time (NYSE: LTH) announced its exciting lineup for 2023, featuring over 25 athletic events including cycling, running, and triathlons across 11 states. New additions include the Little Sugar MTB, complementing the Big Sugar Gravel weekend. The Life Time Grand Prix presented by Mazda will showcase seven iconic gravel and mountain bike events, with a total prize purse of $250,000 for competing athletes. Events like the Chicago Half Marathon and Miami Marathon will also see participant engagement rise. These events enhance Life Time's mission to promote healthy living and community involvement.

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On February 23, 2023, Life Time Group Holdings (NYSE: LTH) announced its participation in the BofA Securities 2023 Consumer & Retail Conference, scheduled for March 14-15, 2023, at Hotel South Beach, Miami Beach, Florida. Key leaders, including Founder and CEO Bahram Akradi and CFO Bob Houghton, will engage in a fireside chat on March 14 at 3:30 PM ET. Additionally, a tour and dinner will showcase the new Life Time Coral Gables development, featuring a luxury athletic club and premium coworking spaces. Interested investors can reserve spots through the Investor Relations team.

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Life Time (NYSE: LTH) has unveiled Manhattan's first permanent indoor pickleball courts at Life Time Sky, a luxury athletic club. Officially opened on February 20, 2023, the facility boasts a 9,500-square-foot space, featuring two pickleball courts and an Alpha training area for strength and metabolic conditioning. Life Time continues its expansion in New York City, aiming to grow its pickleball presence, currently with nearly 500 courts nationwide and plans to exceed 1,000 by the end of 2024. The club provides open court time, classes, and advanced training led by top instructors, enhancing its offerings for health and fitness enthusiasts.

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Life Time (NYSE: LTH) is solidifying its position in the growing pickleball market by hosting nine major tournaments in 2023 in partnership with Major League Pickleball and the Professional Pickleball Association. Starting from February 23-26 with the PPA Indoor National Championships in Lakeville, Minn., the events will attract thousands of players and fans across multiple locations, including Charlotte, N.C., and San Clemente, Calif. Life Time has nearly 500 permanent courts and aims to exceed 1,000 by the end of 2024, as it seeks to become the premier destination for pickleball in the U.S.

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Life Time Group Holdings, Inc. (NYSE: LTH) will release its financial results for the fourth quarter and full year ended December 31, 2022, on March 8, 2023, before market open. A conference call is scheduled for 8:30 a.m. ET to discuss these results. Investors can participate by dialing 877-451-6152 (U.S.) or 1-201-389-0879 (International) approximately 10 minutes before the call starts. A live audio webcast will be available at https://ir.lifetime.life. Life Time operates over 160 athletic clubs in the U.S. and Canada, focusing on promoting a healthy lifestyle.

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Life Time Group Holdings (NYSE: LTH) announced the signing of non-binding letters of intent for the sale-leaseback of two properties, totaling approximately $78 million. The first transaction is expected to close by March 31, 2023, for about $33 million, while the second, currently under construction, aims for completion by September 30, 2023, with gross proceeds of $45 million. These transactions are part of Life Time's strategy to enhance its balance sheet and support growth opportunities, leveraging established relationships with institutional investors.

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Life Time Miami Marathon witnessed participation from 18,000 runners across 50 states and 69 countries on January 29, 2023. The marathon was highlighted by strong performances from Kenyans George Onyancha and Damaris Areba, who claimed victory in their debut appearances. Onyancha finished with a time of 2:18:25, while Areba's 2:33:49 was the second fastest in event history. The marathon generated over $50 million in economic impact for the Miami community, showcasing its significance as a premier athletic event. This year's marathon celebrated its 21st edition, winding through iconic Miami landmarks and attracting a diverse international field.

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FAQ

What is the current stock price of Life Time Group Holdings (LTH)?

The current stock price of Life Time Group Holdings (LTH) is $22.585 as of November 4, 2024.

What is the market cap of Life Time Group Holdings (LTH)?

The market cap of Life Time Group Holdings (LTH) is approximately 4.8B.

What services does Life Time offer?

Life Time provides a wide range of services including fitness training, spa treatments, family recreation, and resort-like amenities in its athletic country clubs.

Where are Life Time’s athletic country clubs located?

Life Time’s athletic country clubs are primarily located in metropolitan residential areas across the United States and Canada.

What is Life Time’s vision?

Life Time’s vision is to be a premier employer, continually enhancing the value of its employees and fostering a respected and coveted brand among customers, vendors, and competitors.

How is Life Time involved in pickleball?

Life Time has become a premier destination for pickleball, with over 630 courts across more than 130 clubs. They recently opened a dedicated pickleball facility in Chanhassen, Minnesota.

What recent developments have occurred at Life Time?

Recent developments include the opening of Life Time PENN 1 and Life Time Atlantic Avenue in New York, as well as financial achievements such as a robust first-quarter performance and a $40 million sale-leaseback transaction.

How does Life Time support its financial growth?

Life Time supports its financial growth through strategic sale-leaseback transactions, expansion of club locations, and maintaining high member retention and engagement.

What are the operating hours for Life Time clubs?

Operating hours vary by location, but typically Life Time clubs are open early in the morning until late evening, with extended hours on weekends.

How does Life Time cater to family needs?

Life Time offers family-friendly services and amenities including child care, family recreation areas, swim lessons, and various kids' programs to meet the needs of the entire family.

What digital features does Life Time offer?

Life Time offers a complimentary digital app that includes curated programs, training sessions, meditation, healthy content, and more to extend the wellness experience beyond their physical locations.

How can someone join a Life Time club?

Interested individuals can join a Life Time club by visiting their website or one of their club locations to explore membership options, including Signature and Premier memberships that provide access to all Life Time destinations.

Life Time Group Holdings, Inc.

NYSE:LTH

LTH Rankings

LTH Stock Data

4.76B
206.97M
8.46%
83.18%
2.71%
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