Positive context积极背景
Stocks股票 / Consumer Disc. / LTH
Life Time Group Holdings, Inc. · Consumer Disc.
LTH US listed · USD美股 · 美元
Life Time, Inc. is a chain of health clubs in the United States and Canada.Life Time, Inc. 是位于美国和加拿大的连锁健身俱乐部。
Mid cap中盘 · $9B
Consumer Disc.
S&P 600标普600小盘Russell 2000罗素2000
Distressed困境股
$39.97
+$0.11 · +0.28%
52w low52周低 $24.18high高 $46.34
Strong name · wrong tape — wait for a base强势个股 · 趋势不利 — 等待筑底
Downtrend — stand aside until a new cycle low forms and confirms.下跌趋势——观望，直至新的周期低点形成并确认。
As of 2026-09-28截至 2026-09-28
Company intelligence公司情报
The latest call, in context把最新财报放回历史脉络
A synthesized event record across management commentary and recorded metrics. Read as context; verify exact wording in the transcript before relying.综合管理层表述与记录指标形成事件档案。仅供参考；使用前请在电话会原文中核对准确措辞。
Live company record实时公司记录
JavaScript loads the source-bounded event record here. Open Terminal if the live module does not start.JavaScript 会在此加载受来源约束的事件记录。如实时模块未启动，请打开终端。
Continue with full transcript history继续查看完整电话会历史 ↗Pressure context压力背景
History mode历史模式
Context only仅供参考 · not a signal or recommendation不构成信号或建议
Narrative claims may await line-level citation; verify in the transcript.叙述性内容可能仍待逐行引用，请在电话会原文中核对。
Price chart价格图表
daily · interactive日线 · 可交互
Open in Terminal打开终端 ↗
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The interactive chart could not load here.互动图表暂时无法在此加载。
Open the live chart in Terminal在终端中打开实时图表 ↗
Candles, volume and moving averages — pan and zoom inside the chart.蜡烛图、成交量与均线 — 图内可缩放拖动。
MMastermind Terminal — live & interactiveMastermind 终端 — 实时互动 ↗
Technicals技术面
daily bars日线数据 · 2026-09-28
Momentum (RSI 14)动量（RSI 14）
40
Depressed偏低
vs 50-day average相对50日均线
-7.1% below下方
Below trend跌破趋势
vs 200-day average相对200日均线
+19.6% above上方
Long trend up长期向上
Volatility波动率
40th percentile第40百分位
These readings feed the stance at the top — one source per number, refreshed nightly.以上读数构成页首的引擎立场 — 每个数字只有一个来源，每晚更新。
Earnings财务业绩
next report下次财报 2026-11-0336
Estimates being raised — 7 analysts预期上调 — 7 位分析师
Beat expectations 4 quarters in a row连续 4 季度超预期
EPS surprise vs consensus, last quarters每股收益相对预期的超预期幅度（近几个季度） · average平均 9.6%
Valuation估值
Expensive vs sector相对行业偏贵| Multiple指标 | LTH | Sector median行业中位 | Cheaper than相对便宜 |
|---|---|---|---|
| P/E (trailing)市盈率（历史） | 23.65x | 18.46 | |
| P/B市净率 | 2.83x | 2.74 | |
| P/S市销率 | 2.95x | 1.20 | |
| Earnings yield盈利收益率 | 4.23% | 5.13 | |
| FCF yield自由现金流收益率 | -0.24% | 5.92 | |
| EV/EBITDA企业价值/EBITDA | 13.04x | 10.56 |
"Cheaper than" = share of sector peers trading richer on that multiple.「相对便宜」= 行业中该指标估值更高的同行占比。
Financials财务数据
fiscal years财年Revenue营业收入
$3.0B2025
20212025
5-yr growth5年复合增速 22.8%
Earnings per share每股收益
$1.662025
20212025
Free cash flow自由现金流
-$21.0M2025
20212025
Operating margin营业利润率
16.1%
Net margin净利率
12.5%
FCF margin自由现金流利润率
29.1%
Balance-sheet quality财务体质 7/8
Bankruptcy risk: distress zone破产风险：警戒区
Return on equity股本回报率 12%
Warning警示
Leverage杠杆
Net debt / EBITDA净债务/EBITDA1.68
Current ratio流动比率0.63
Capital allocation资本配置
Buybacks (TTM)回购（TTM）$10.7M
Stock-based comp股权薪酬$51.8M
Share count change (1y)股数变化（1年）+6.5%
Debt coming due到期债务
FY2025 10-KIn the 12-month bucket following fiscal period end 2025-12-31, it reported $21.8M due — about 1% of its disclosed principal.在财年期末 2025-12-31 之后12个月的区间内，已披露到期本金为 $21.8M，约占其披露本金的 1%。
All maturity buckets are measured from fiscal period end 2025-12-31, not from today.所有到期区间均从财年期末 2025-12-31 起算，而非从今天起算。
First 12 months after period end报告期末之后首12个月
$21.8M
Year 2第2年
$27.8M
Year 3第3年
$10.1M
Year 4第4年
$10.1M
Year 5第5年
$10.2M
After year 55年以后
$1.4B
Cash reported at 2025-12-31: $204807000.截至 2025-12-31 披露的现金：$204807000。 At the cash-burn pace reported over 2025-01-01 to 2025-12-31, that cash represented about 117.3 months. This scenario excludes debt payments and future financing.按 2025-01-01 至 2025-12-31 期间披露的现金消耗速度，该现金约对应 117.3 个月。此情景不包括债务偿还与未来融资。
Cash reported at 2025-12-31 covers 937% of issuer-reported principal in the 12-month bucket following that fiscal period end.截至 2025-12-31 披露的现金可覆盖该财年期末之后12个月区间内发行人已披露到期本金的 937%。
Cash shortfall against that reported principal: $0相对该已披露本金的现金缺口：$0。
Sources and cash-flow calculation来源与现金流计算
Figures are XBRL facts from one filing — no two years are mixed. Filing数据取自同一份文件中的 XBRL 事实，不跨文件拼接。文件
0001869198-26-000010, period ending报告期截至 2025-12-31, unit单位 USD.
Cache acquired缓存获取时间: 2026-09-28T09:00:21.939451+00:00.
6/6 buckets reported.个区间有披露。
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonthsLongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwoLongTermDebtMaturitiesRepaymentsOfPrincipalInYearThreeLongTermDebtMaturitiesRepaymentsOfPrincipalInYearFourLongTermDebtMaturitiesRepaymentsOfPrincipalInYearFiveLongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
Annual period年度区间 2025-01-01 — 2025-12-31 · USD · 10-K · 0001869198-26-000010 · Filed提交日期 2026-02-24.
Cache acquired缓存获取时间: 2026-09-28T09:00:21.939451+00:00 · Evaluated as of评估截至 2026-09-29.
- Reported operating cash flow已披露经营活动现金流: $870525000
- Reported equipment spending (capex outflow)已披露设备支出（资本开支流出）: $891483000
- Derived free cash flow (operating cash flow minus capex)计算所得自由现金流（经营现金流减资本开支）: $-20958000
Cash is the reported balance at period end. The runway scenario holds this annual cash-flow pace constant and excludes debt payments, restricted-cash adjustments and future financing.现金为期末已披露余额。现金跑道情景假设本年度现金流速度保持不变，不包括债务偿还、受限现金调整与未来融资。
Research context only — reported figures from SEC filings, not a rating, a signal or investment advice.仅供研究参考 — 数据摘自 SEC 文件披露口径，不构成评级、信号或投资建议。
Why is it moving为何波动
6 checks · nightly六项检查 · 每晚
Macro宏观
Long-duration name into a restrictive, rising-real-rate regime → rate headwind.长久期标的进入偏紧、实际利率上行的环境→利率逆风。
Positioning持仓
Short interest changed +23.4%空头仓位变动 +23.4%
Technical技术面
LTH StochRSI turned up from oversoldLTH StochRSI自超卖区上行
Ownership & smart money持仓与聪明钱
13FInsider activity:内部人动向： -$1247.4M net (0 buyers, 15 sellers)-$1247.4M 净值（0 买家，15 卖家）
Concentrated ownership集中持仓
| Fund基金 | Grade评级 | Latest move最新动作 | % of book组合占比 | As of截至 |
|---|---|---|---|---|
| Polen Capital Management | C | Adding加仓 | 0.0% | 2026-06-30 |
Signal history信号历史
engine events引擎事件
BOTTOMING → DOWNTREND筑底中 → 下跌趋势
AVOID. Failed cycle — price broke below the low that started this cycle, which historically means the larger trend is rolling over (~80% of cases)回避。失败周期——价格跌破了启动本周期的低点，历史上这通常意味着更大的趋势正在掉头向下（约 80% 的情形）
Sep 24, 2026
LTH StochRSI turned up from oversoldLTH StochRSI自超卖区上行
StochRSI popped back above 20 — the earliest oscillator heads-up that downside momentum is easing. $39.86.StochRSI重回20上方 — 下行动量趋缓的最早预警。$39.86。
Sep 22, 2026
LTH RSI reached oversoldLTH RSI进入超卖
RSI(14) crossed below 30 — washed out; context, not a timing trigger alone. $38.19.RSI(14)下穿30 — 超卖；仅作背景，单独不构成择时。$38.19。
Sep 11, 2026
LTH weekly MACD crossed downLTH 周线MACD下穿
The weekly MACD histogram turned negative — the slower, less-whippy momentum read.周线MACD柱状图转负 — 更慢、更少来回的动量信号。
Sep 3, 2026
UNCONFIRMED TURN → BOTTOMING未确认转向 → 筑底中
BUY SETUP买入预备
Sep 3, 2026
LTH StochRSI turned up from oversoldLTH StochRSI自超卖区上行
StochRSI popped back above 20 — the earliest oscillator heads-up that downside momentum is easing. $43.09.StochRSI重回20上方 — 下行动量趋缓的最早预警。$43.09。
Aug 31, 2026
NEARING A LOW → DOWNTREND接近低点 → 下跌趋势
AVOID回避
Aug 25, 2026
UPTREND → NEARING A LOW上涨趋势 → 接近低点
GET READY准备
Aug 24, 2026
NEARING A HIGH → UPTREND接近高点 → 上涨趋势
HOLD持有
Aug 24, 2026
LTH made a new 52-week highLTH 创52周新高
Price reached a fresh 52-week high — a momentum / trend extreme the whole market watches. $45.73.价格创出52周新高 — 全市场关注的动量/趋势极值。$45.73。
Showing the last 15 of显示最近15条，共 260 signals条信号
Company profile公司档案
Life Time, Inc. is a chain of health clubs in the United States and Canada.Life Time, Inc. 是位于美国和加拿大的连锁健身俱乐部。
Style DNA — how it trades vs the market风格基因 — 相对市场的交易特征
Value价值
Below market低于市场
Quality质量
Below market低于市场
Investment资本投入
Below market低于市场
Low volatility低波动
Below market低于市场
Low market beta低市场敏感度
Below market低于市场
Earnings quality盈利质量
Below market低于市场
Short interest空头兴趣
Below market低于市场
Watch items — what could change the story关注项 — 可能改变故事的因素
- Capital intensity rising
The whole US universe — S&P 1500 and Russell 2000 — read nightly.覆盖标普1500与罗素2000全部成分股 — 每晚更新解读。
Signals, options positioning, smart-money moves and factor DNA — the same engine that wrote this page covers 2,700+ US stocks.信号、期权持仓、聪明钱动向与因子基因 — 撰写本页的引擎覆盖2700多只美股。
Statistics — full detail统计数据 — 完整明细
Valuation vs sector估值对比行业
| Multiple指标 | This stock本股 | Sector median行业中位 | Cheaper than相对便宜 |
|---|---|---|---|
| P/E (trailing)市盈率（静态） | 23.6× | 18.5× | 32% |
| Price / Book市净率 | 2.8× | 2.7× | 48% |
| Price / Sales市销率 | 3.0× | 1.2× | 15% |
| EV / EBITDAEV/EBITDA | 13.0× | 10.6× | 35% |
| Earnings yield盈利收益率 | 4.2% | 5.1% | 40% |
| Free-cash-flow yield自由现金流收益率 | 9.8% | 8.7% | 55% |
Relative strength相对强度
vs market, 1 month相对大盘（1个月）
81/100 — stronger than most强于多数
vs market, 3 months相对大盘（3个月）
53/100 — middle of the pack居中
vs market, 6 months相对大盘（6个月）
89/100 — stronger than most强于多数
vs market, 12 months相对大盘（12个月）
79/100 — stronger than most强于多数
Rank in sector行业内排名
#15 / 210
0–100 percentile of total return vs all covered stocks.总回报在全部覆盖股票中的百分位（0–100）。
Price history价格历史
| Period周期 | This stock本股 | S&P 500标普500 |
|---|---|---|
| 1 Week近1周 | -1.9% | +1.3% |
| 1 Month近1月 | -10.8% | +0.9% |
| 3 Months近3月 | -2.5% | +6.1% |
| 6 Months近6月 | +54.1% | +22.3% |
| Year to date年初至今 | +49.8% | +13.8% |
| 1 Year近1年 | +44.5% | +18.5% |
| 3 Years近3年 | +170.3% | +87.8% |
Trading information交易信息
Beta vs market贝塔
0.78
Volatility rank波动率分位
40th pctile
Short interest空头占比
5.1% of float
Market cap市值
$9B
EPS (trailing)每股收益
$1.69
Off 52-week high距52周高点
-12.6%
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Financials — full detail财务数据 — 完整明细
Multi-year record多年财务记录
| 20212021 | 20222022 | 20232023 | 20242024 | 20252025 | |
|---|---|---|---|---|---|
| Revenue营业收入 | $1.3B | $1.8B | $2.2B | $2.6B | $3.0B |
| EPS每股收益 | $-3.73 | $-0.01 | $0.37 | $0.74 | $1.66 |
| Free cash flow自由现金流 | $-349M | $-390M | $-231M | $51M | $-21M |
| Gross margin毛利率 | — | — | — | — | 47.6% |
| Net margin净利率 | -44.0% | -0.1% | 3.4% | 6.0% | 12.5% |
| FCF margin自由现金流利润率 | -26.5% | -21.4% | -10.4% | 1.9% | -0.7% |
Latest fiscal year最近财年
Revenue (FY)营业收入（财年）
$3.0B
Net income净利润
$374M
Operating cash flow经营现金流
$871M
Total assets总资产
$8.0B
Shareholder equity股东权益
$3.1B
Long-term debt长期负债
$1.5B
Shares outstanding总股本
0.22B
Returns & growth回报与增长
Return on equity股本回报率
12.0%
Return on assets资产回报率
4.7%
Debt / assets负债/资产
18.6%
Profit growth利润增速
+139.2%
Asset growth资产增速
+12.0%
Accounting quality checks会计质量检查
- Earnings quality: accruals near the peer median盈利质量：应计利润接近同业中位
- Working capital: receivables +273% vs sales +127% — receivables outpacing sales, revenue-quality risk营运资本：应收 +273% 对销售 +127%——应收快于销售，营收质量风险
- Capital discipline: share count +14.5% over 5 years (dilution)资本纪律：股本 5 年增加 14.5%（稀释）
- Balance sheet: Altman Z 1.62 — distress zone资产负债表：Altman Z 1.62——困境区
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Technicals — full detail技术面 — 完整明细
Indicator readings指标读数
RSI (14-day)RSI（14日）
40
RSI (2-day)RSI（2日）
68
vs 20-day average相对20日均线
-3.4%
vs 50-day average相对50日均线
-7.1%
vs 200-day average相对200日均线
+19.6%
Golden cross (50>200)金叉（50>200）
in effect生效中
MACDMACD
below signal位于信号线下方
Timeframe alignment多周期共振
Daily日线
momentum down — turning up soon动能向下——接近转强
3-day3日线
momentum down动能向下
Weekly周线
momentum down — fresh downturn动能向下——刚刚转弱
When daily through monthly point the same way, moves carry further.当日线到月线方向一致时，行情往往更有延续性。
Volatility regime波动状态
Range width percentile波幅宽度分位
57/100
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Earnings — full detail财务业绩 — 完整明细
Surprise history超预期历史
| Quarter季度 | Reported实际 | Expected预期 | Surprise超预期 |
|---|---|---|---|
| Jun 2026 | $0.43 | $0.39 | +10.3% |
| Mar 2026 | $0.39 | $0.34 | +14.7% |
| Dec 2025 | $0.31 | $0.30 | +3.3% |
| Sep 2025 | $0.33 | $0.30 | +10.0% |
Estimate revisions预期修正
Analysts covering覆盖分析师
7
Estimate direction预期调整方向
mostly raising多数上调
Estimate change, 90 days预期变化（90天）
+4.7%
Net upgrades, 30 days净上调（30天）
+7
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Ownership — full detail持仓 — 完整明细
Tracked funds holding it跟踪基金持仓
| Fund基金 | Grade评级 | Latest move最新动作 | % of book组合占比 | Position市值 |
|---|---|---|---|---|
| Polen Capital Management | C | Adding增持 | 0.0% | $3M |
Fund positioning基金持仓概览
Tracked funds in the name持有该股的跟踪基金
1
Buying vs selling买入vs卖出
1 : 0
Quarterly trend季度趋势
{'direction': 'accumulating', 'n_quarters': 5, 'holders_first': 1, 'holders_last': 1, 'holders_delta': 0, 'value_change_pct': 110.2, 'from_period': '2025-06-30', 'to_period': '2026-06-30', 'available_on': '2026-08-04', 'available_on_first': '2025-08-13', 'holders_series': [1, 1, 1, 1, 1]}{'direction': 'accumulating', 'n_quarters': 5, 'holders_first': 1, 'holders_last': 1, 'holders_delta': 0, 'value_change_pct': 110.2, 'from_period': '2025-06-30', 'to_period': '2026-06-30', 'available_on': '2026-08-04', 'available_on_first': '2025-08-13', 'holders_series': [1, 1, 1, 1, 1]}
Insiders & shorts内部人与空头
Insider net buying (6 months)内部人净买入（6个月）
-$1,247.4M
Insider buyers vs sellers内部人买家vs卖家
0 : 15
Short interest空头占流通盘
5.1%
Days to cover回补天数
4.8
Short interest change空头变化
+23.4%
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Seasonality — full detail季节性 — 完整明细
Strongest month最强月份
Mar · 100%
Weakest month最弱月份
Oct · 0%
Month by month逐月统计
| Month月份 | Closed higher收涨占比 | Median move中位涨跌 | Years年数 |
|---|---|---|---|
| Jan1月 | 67% | +9.8% | 3 |
| Feb2月 | 67% | +4.4% | 3 |
| Mar3月 | 100% | +0.3% | 3 |
| Apr4月 | 33% | -0.1% | 3 |
| May5月 | 67% | +21.9% | 3 |
| Jun6月 | 100% | +11.7% | 3 |
| Jul7月 | 67% | +10.0% | 3 |
| Aug8月 | 50% | +1.6% | 4 |
| Sep9月 | 25% | -0.9% | 4 |
| Oct10月 | 0% | -10.6% | 3 |
| Nov11月 | 100% | +12.7% | 3 |
| Dec12月 | 33% | -4.7% | 3 |
History is a tendency, not a promise — small samples wobble.历史规律只是倾向而非保证 — 样本少时波动大。
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。