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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.

Rhea-AI Summary
Life Time (NYSE: LTH) emphasizes the importance of stretching for mental and physical health benefits, highlighting the role of stretching in better posture, injury prevention, stress reduction, and muscular performance. With the launch of Dynamic Stretch, Life Time members can benefit from hands-on, 25 or 50-minute assisted-stretching programs led by certified specialists, focusing on movement screening, active and passive stretches, full range of motion work, breathing exercises, and recovery tools.
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Life Time (NYSE: LTH) introduces a 20-day digital Holiday Hustle program led by Coach Anika Christ, RD, CPT, focusing on nutrition and daily workouts to help people prioritize their health during the holiday season.
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Life Time (NYSE: LTH) announces the debut of MIORA Longevity and Performance, a proactive, personalized approach to optimize health, longevity, and performance. MIORA provides a unique, comprehensive approach for managing all aspects of wellness, targeting longevity, performance, weight loss, and overall health. The program is overseen by Life Time president Jeff Zwiefel and Dr. James LaValle, creator of the proprietary Metabolic Code® assessment. MIORA offers personalized concierge medicine services and a virtual offering through telehealth technology.
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Life Time, Inc. (NYSE: LTH) establishes the Life Time Foundation, a 501(c)(3) nonprofit, to promote Healthy People, a Healthy Planet, and a Healthy Way of Life. The Foundation has provided $7.5 million in grants for youth nutrition and movement programs, impacting over 6.3 million students. It has also contributed over $600,000 to offer physical activity to 25,000 children. The Foundation is now expanding its focus on forestation and conservation efforts to combat climate change. Life Time, Inc. has been committed to sustainable and socially responsible business practices since its founding in 1992.
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Life Time (LTH) Expands with Opening of Shenandoah Athletic Country Club and Premium Coworking Location in Houston
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Life Time is bringing its Life Time Living experience to the greater Boston area with the opening of Life Time Living Burlington. The 13-acre community features a 167-unit residential complex located adjacent to Life Time's Burlington athletic county club. Studio, 1- and 2-bedroom units are now available for move-in. Residents receive a Signature Life Time membership to enjoy the club's programs, services, and amenities. Unique to Life Time Living is the innovative Resident Concierge programming, which connects residents' at-home and in-club lifestyles. The complex includes impeccably designed residences and community areas, as well as work-from-home spaces, conference rooms, and outdoor courtyards. Each residence is designed with modern features and starts at $2,750 monthly.
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Advanta Health Solutions announces a new technology partnership with ROOK, an API for health wearable data. This partnership aims to enhance personalization and value for users and administrators of Advanta's ActiveFit+ platform. Advanta has also announced previous technology integration partnerships with movr and Life Time. The partnership with ROOK aligns with the market demand for data-centric wellness solutions.
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Experience Life, the magazine from Life Time, received four awards at the 2023 FOLIO: Awards, including Editor of the Year and top podcast in the consumer health category. The magazine has won over 100 regional and national awards since its inception in 2001.
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Life Time Group Holdings, Inc. announces Q3 2023 financial results with total revenue increasing 17.9% to $585.2 million. Adjusted EBITDA increased 101.4% to $143.0 million. Net income decreased to $7.9 million. CEO expects to be free cash flow positive by mid-2024 and plans to fund growth with internally generated cash flow.
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Life Time acquires Arden Hills Athletic & Social Club in Sacramento, plans to reopen as Life Time Arden in early 2024.
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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%
Leisure
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United States of America
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