Peregrine Asset Advisers Inc. Has $4.61 Million Stake in Life Time Group Holdings, Inc. $LTH

Peregrine Asset Advisers Inc. reduced its position in shares of Life Time Group Holdings, Inc. (NYSE:LTH) by 54.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 151,935 shares of the company’s stock after selling 184,551 shares during the period. Life Time Group makes up approximately 1.4% of Peregrine Asset Advisers Inc.’s investment portfolio, making the stock its 19th biggest position. Peregrine Asset Advisers Inc.’s holdings in Life Time Group were worth $4,608,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its position in Life Time Group by 51.9% during the second quarter. Bank of New York Mellon Corp now owns 472,714 shares of the company’s stock valued at $14,337,000 after purchasing an additional 161,488 shares in the last quarter. Burney Co. acquired a new position in Life Time Group during the second quarter valued at approximately $461,000. Versor Investments LP raised its position in Life Time Group by 42.3% during the second quarter. Versor Investments LP now owns 66,874 shares of the company’s stock valued at $2,028,000 after purchasing an additional 19,874 shares in the last quarter. Amalgamated Bank raised its position in Life Time Group by 59.9% during the second quarter. Amalgamated Bank now owns 4,634 shares of the company’s stock valued at $141,000 after purchasing an additional 1,736 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust raised its position in Life Time Group by 2.3% during the second quarter. Emerald Mutual Fund Advisers Trust now owns 410,492 shares of the company’s stock valued at $12,450,000 after purchasing an additional 9,059 shares in the last quarter. 79.40% of the stock is currently owned by institutional investors and hedge funds.

Life Time Group Stock Up 0.8%

Shares of NYSE:LTH opened at $24.79 on Monday. The company has a fifty day moving average of $27.14 and a 200-day moving average of $28.48. The company has a market capitalization of $5.45 billion, a PE ratio of 24.30 and a beta of 1.68. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.53 and a current ratio of 0.65. Life Time Group Holdings, Inc. has a 52-week low of $21.49 and a 52-week high of $34.99.

Life Time Group (NYSE:LTH) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.04. Life Time Group had a net margin of 8.03% and a return on equity of 9.05%. The company had revenue of $761.47 million during the quarter, compared to the consensus estimate of $752.33 million. During the same period in the prior year, the business earned $0.26 earnings per share. The company’s revenue for the quarter was up 14.0% compared to the same quarter last year. Life Time Group has set its FY 2025 guidance at EPS. On average, equities analysts predict that Life Time Group Holdings, Inc. will post 0.74 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Parham Javaheri sold 9,375 shares of the business’s stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $28.05, for a total value of $262,968.75. Following the sale, the executive vice president owned 240,151 shares of the company’s stock, valued at $6,736,235.55. The trade was a 3.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Partners Group Private Equity sold 745,707 shares of the business’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $28.95, for a total transaction of $21,588,217.65. Following the completion of the sale, the insider directly owned 3,720,500 shares in the company, valued at approximately $107,708,475. This represents a 16.70% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 10,743,880 shares of company stock valued at $311,008,231 over the last quarter. 8.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Morgan Stanley upgraded shares of Life Time Group from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $34.00 to $39.00 in a research report on Monday, October 27th. Weiss Ratings restated a “hold (c+)” rating on shares of Life Time Group in a research report on Wednesday, October 8th. UBS Group set a $48.00 price target on shares of Life Time Group in a report on Friday, October 17th. Finally, Wall Street Zen downgraded shares of Life Time Group from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. Ten investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.14.

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.