Peregrine Capital Management LLC Buys Shares of 282,915 Life Time Group Holdings, Inc. (NYSE:LTH)

Peregrine Capital Management LLC acquired a new position in shares of Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 282,915 shares of the company's stock, valued at approximately $8,544,000. Peregrine Capital Management LLC owned approximately 0.13% of Life Time Group at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Dnca Finance lifted its position in Life Time Group by 11.9% in the fourth quarter. Dnca Finance now owns 3,830 shares of the company's stock valued at $85,000 after acquiring an additional 407 shares during the last quarter. Summit Investment Advisors Inc. boosted its position in shares of Life Time Group by 12.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 6,478 shares of the company's stock valued at $143,000 after purchasing an additional 712 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Life Time Group by 0.4% in the 4th quarter. Bank of New York Mellon Corp now owns 219,915 shares of the company's stock valued at $4,865,000 after purchasing an additional 788 shares during the period. Amalgamated Bank grew its stake in Life Time Group by 42.3% during the 1st quarter. Amalgamated Bank now owns 2,898 shares of the company's stock worth $88,000 after buying an additional 862 shares during the last quarter. Finally, Rhumbline Advisers increased its position in Life Time Group by 1.2% during the fourth quarter. Rhumbline Advisers now owns 91,572 shares of the company's stock worth $2,026,000 after buying an additional 1,075 shares during the period. Institutional investors and hedge funds own 79.40% of the company's stock.

Analyst Upgrades and Downgrades

LTH has been the subject of several research analyst reports. Craig Hallum raised Life Time Group to a "buy" rating and set a $45.00 price objective for the company in a report on Friday, May 23rd. Guggenheim reiterated a "buy" rating and issued a $36.00 price target on shares of Life Time Group in a research report on Tuesday, June 24th. BMO Capital Markets set a $28.00 price objective on shares of Life Time Group and gave the stock a "hold" rating in a research report on Friday, March 14th. Mizuho lifted their price objective on shares of Life Time Group from $38.00 to $41.00 and gave the company an "outperform" rating in a research note on Wednesday, March 5th. Finally, Morgan Stanley increased their target price on shares of Life Time Group from $33.00 to $34.00 and gave the stock an "equal weight" rating in a research note on Friday, May 9th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $35.92.

Insider Activity at Life Time Group

In other news, EVP Ritadhwaja Jebens Singh sold 134,247 shares of the firm's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $28.80, for a total value of $3,866,313.60. Following the completion of the transaction, the executive vice president owned 133,189 shares in the company, valued at $3,835,843.20. This trade represents a 50.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Erik Weaver sold 18,000 shares of Life Time Group stock in a transaction on Friday, June 6th. The stock was sold at an average price of $28.74, for a total value of $517,320.00. Following the transaction, the chief financial officer directly owned 86,611 shares of the company's stock, valued at $2,489,200.14. This trade represents a 17.21% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 23,548,155 shares of company stock worth $691,624,905. 8.70% of the stock is currently owned by company insiders.

Life Time Group Price Performance

LTH stock traded down $0.08 on Thursday, reaching $29.23. 1,390,574 shares of the company's stock were exchanged, compared to its average volume of 1,977,674. The stock has a fifty day moving average of $29.43 and a 200-day moving average of $28.83. The firm has a market cap of $6.41 billion, a PE ratio of 30.45 and a beta of 1.74. The company has a quick ratio of 0.31, a current ratio of 0.43 and a debt-to-equity ratio of 0.55. Life Time Group Holdings, Inc. has a twelve month low of $18.53 and a twelve month high of $34.99.

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

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.