Life Time Group Holdings Inc Stock Price, News & Analysis

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.

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.

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.

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.

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.

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.

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.

Life Time Group Holdings (NYSE: LTH) announced a credit rating upgrade from S&P Global Ratings, moving from 'CCC+' to 'B-'. This upgrade reflects increased certainty regarding the company's deleveraging path. Life Time reported strong growth in revenue and membership dues, along with improved operating margins. The company is focused on enhancing financial performance while providing exceptional experiences for its members. Life Time operates over 160 athletic country clubs in the U.S. and Canada, supporting a healthy lifestyle for individuals of all ages.

Life Time (NYSE: LTH) is launching its Spring 60day Challenge on January 28, 2023, aimed at helping individuals meet their health and wellness goals. This eight-week program includes personal training sessions, daily workouts, meal plans, and access to virtual coaches. It supports various wellness objectives such as weight loss and muscle gain. Senior Director Anika Christ emphasizes the challenge's role in providing tools for health management. Participants can submit essays for a chance to win prizes, including Life Time memberships and personal training sessions valued at $2,200. More details are available at www.lifetime60day.com.