Peregrine Asset Advisers Inc. Has $6.31 Million Stock Position in Life Time Group Holdings, Inc. (NYSE:LTH)

Peregrine Asset Advisers Inc. grew its holdings in Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 55.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 258,251 shares of the company's stock after acquiring an additional 91,799 shares during the quarter. Life Time Group accounts for approximately 2.2% of Peregrine Asset Advisers Inc.'s investment portfolio, making the stock its 10th biggest position. Peregrine Asset Advisers Inc. owned about 0.12% of Life Time Group worth $6,306,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Hood River Capital Management LLC raised its stake in shares of Life Time Group by 3,657.9% during the first quarter. Hood River Capital Management LLC now owns 1,257,960 shares of the company's stock valued at $19,524,000 after acquiring an additional 1,224,485 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Life Time Group by 19.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,658,902 shares of the company's stock valued at $87,728,000 after purchasing an additional 770,766 shares during the last quarter. Millennium Management LLC increased its position in shares of Life Time Group by 66.7% during the second quarter. Millennium Management LLC now owns 1,076,386 shares of the company's stock worth $20,268,000 after buying an additional 430,779 shares during the period. Braun Stacey Associates Inc. bought a new position in Life Time Group during the second quarter worth $7,486,000. Finally, Sona Asset Management US LLC acquired a new position in Life Time Group in the first quarter valued at $5,044,000. 79.40% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Life Time Group

In related news, Director John G. Danhakl sold 3,575,000 shares of the stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $20.88, for a total value of $74,646,000.00. Following the sale, the director now owns 55,166,700 shares in the company, valued at approximately $1,151,880,696. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director John G. Danhakl sold 3,575,000 shares of the stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $20.88, for a total transaction of $74,646,000.00. Following the transaction, the director now directly owns 55,166,700 shares in the company, valued at approximately $1,151,880,696. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Partners Group Private Equity sold 650,000 shares of the business's stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $20.88, for a total transaction of $13,572,000.00. Following the completion of the sale, the insider now directly owns 5,929,348 shares of the company's stock, valued at $123,804,786.24. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,229,662 shares of company stock valued at $88,338,653 in the last three months. Company insiders own 12.50% of the company's stock.

Wall Street Analysts Forecast Growth

LTH has been the subject of several research analyst reports. The Goldman Sachs Group lifted their price objective on Life Time Group from $15.00 to $22.00 and gave the stock a "neutral" rating in a research report on Friday, August 2nd. Morgan Stanley lifted their target price on Life Time Group from $21.00 to $29.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 16th. Bank of America increased their price target on Life Time Group from $29.00 to $30.00 and gave the stock a "buy" rating in a report on Friday, September 6th. Northland Securities lifted their price objective on shares of Life Time Group from $28.50 to $29.00 and gave the company an "outperform" rating in a research note on Friday, October 25th. Finally, Craig Hallum initiated coverage on shares of Life Time Group in a research report on Friday, July 19th. They set a "buy" rating and a $30.00 target price on the stock. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $27.63.

Life Time Group Stock Up 0.7 %

NYSE:LTH traded up $0.17 on Monday, hitting $25.15. The stock had a trading volume of 463,969 shares, compared to its average volume of 1,107,867. Life Time Group Holdings, Inc. has a 1 year low of $11.89 and a 1 year high of $27.11. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.46 and a current ratio of 0.59. The firm's fifty day simple moving average is $24.34 and its two-hundred day simple moving average is $20.82. The stock has a market cap of $5.21 billion, a P/E ratio of 36.20, a price-to-earnings-growth ratio of 1.60 and a beta of 1.89.

Life Time Group (NYSE:LTH - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.20 by ($0.01). The firm had revenue of $693.20 million during the quarter, compared to analysts' expectations of $684.13 million. Life Time Group had a return on equity of 6.42% and a net margin of 5.67%. The company's quarterly revenue was up 18.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.09 earnings per share. Analysts predict that Life Time Group Holdings, Inc. will post 0.56 earnings per share for the current year.

About Life Time Group

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.