Peregrine Asset Advisers Inc. Boosts Position in Life Time Group Holdings, Inc. (NYSE:LTH)

Peregrine Asset Advisers Inc. increased its position in Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 12.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 336,486 shares of the company's stock after purchasing an additional 37,557 shares during the quarter. Life Time Group makes up 3.8% of Peregrine Asset Advisers Inc.'s holdings, making the stock its 2nd largest position. Peregrine Asset Advisers Inc. owned about 0.16% of Life Time Group worth $10,162,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Dimensional Fund Advisors LP lifted its position in shares of Life Time Group by 2.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,190,447 shares of the company's stock valued at $114,809,000 after purchasing an additional 147,295 shares in the last quarter. Loomis Sayles & Co. L P raised its position in Life Time Group by 12.3% in the fourth quarter. Loomis Sayles & Co. L P now owns 3,425,925 shares of the company's stock worth $75,781,000 after acquiring an additional 375,672 shares during the period. Driehaus Capital Management LLC raised its position in Life Time Group by 5.2% in the fourth quarter. Driehaus Capital Management LLC now owns 2,955,669 shares of the company's stock worth $65,379,000 after acquiring an additional 145,002 shares during the period. Hood River Capital Management LLC raised its position in Life Time Group by 2.4% in the fourth quarter. Hood River Capital Management LLC now owns 2,787,210 shares of the company's stock worth $61,653,000 after acquiring an additional 64,613 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its position in Life Time Group by 45.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,038,064 shares of the company's stock worth $45,082,000 after acquiring an additional 640,385 shares during the period. Institutional investors and hedge funds own 79.40% of the company's stock.

Life Time Group Trading Down 0.0%

Shares of NYSE LTH traded down $0.00 during midday trading on Tuesday, hitting $28.94. 2,712,828 shares of the company traded hands, compared to its average volume of 2,068,802. The firm has a market cap of $6.35 billion, a P/E ratio of 30.14 and a beta of 1.74. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.31 and a current ratio of 0.43. Life Time Group Holdings, Inc. has a 12-month low of $20.22 and a 12-month high of $34.99. The stock has a 50-day moving average price of $29.05 and a 200 day moving average price of $29.54.

Life Time Group (NYSE:LTH - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.12. The company had revenue of $706.04 million during the quarter, compared to analysts' expectations of $684.06 million. Life Time Group had a net margin of 7.60% and a return on equity of 8.29%. Life Time Group's quarterly revenue was up 18.3% on a year-over-year basis. During the same period last year, the company posted $0.15 earnings per share. As a group, analysts expect that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on LTH shares. Guggenheim reiterated a "buy" rating and set a $36.00 price target on shares of Life Time Group in a report on Tuesday, June 24th. Morgan Stanley upped their price objective on shares of Life Time Group from $33.00 to $34.00 and gave the stock an "equal weight" rating in a report on Friday, May 9th. Finally, Craig Hallum upgraded shares of Life Time Group to a "buy" rating and set a $45.00 price objective for the company in a report on Friday, May 23rd. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, Life Time Group presently has an average rating of "Moderate Buy" and an average target price of $35.92.

Insider Buying and Selling at Life Time Group

In other Life Time Group news, Director John Kristofer Galashan sold 11,655,582 shares of Life Time Group stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $29.38, for a total transaction of $342,440,999.16. Following the transaction, the director directly owned 29,898,037 shares of the company's stock, valued at $878,404,327.06. The trade was a 28.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John G. Danhakl sold 11,655,582 shares of the stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $29.38, for a total transaction of $342,440,999.16. Following the transaction, the director directly owned 29,898,037 shares of the company's stock, valued at $878,404,327.06. The trade was a 28.05% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 23,548,155 shares of company stock valued at $691,624,905. Insiders own 8.70% of the company's stock.

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.