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LTM $3.21

LTM target price
3.21
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0
Life Time, Inc.
Formerly called
FCA ltd.
Type
Private
Founded

1990; 27 years ago (1990) (as FCA, Ltd.)

1992; 25 years ago (1992) (as Life Time Fitness, Inc.)
Founder Bahram Akradi
Headquarters Chanhassen, Minnesota
Area served
United States and Canada
Key people
Bahram Akradi,
Founder/Chairman/CEO
Services personal fitness instruction, salon, food court, childcare center, and indoor/outdoor pool
Owner Leonard Green & Partners
TPG Capital
Website lifetimefitness.com

1990; 27 years ago (1990) (as FCA, Ltd.)

Life Time, Inc. is a chain of health clubs in the United States and Canada. Many of its facilities operate 24/7 and feature personal trainers, salons, food courts, child care centers, and indoor/outdoor pools.

The company was founded by Chairman and Chief Executive Officer, Bahram Akradi. The company was incorporated in 1990 as FCA, Ltd., a Minnesota corporation, and registered the name Life Time Fitness in 1992. The first club opened in Brooklyn Park, Minnesota. Several locations were added to the Minneapolis–St. Paul area before the chain expanded to suburban communities in other states. Most Life Time Fitness centers are located in exurban or fringe suburban areas in medium to large-sized metropolitan areas, with some locations in central city or inner suburban areas. The oldest facility is in Eagan, Minnesota. In 2017 they announced plans for a new facility inside of the Southdale Mall in Edina, Minnesota replacing the former tenant J.C. Penney.

In August 2014, Life Time Fitness, a publicly traded company, considered becoming a Real Estate Investment Trust (REIT) in response to pressure from its largest shareholder, Marcato Capital Management. In March 2015, Life Time was acquired by private equity firms TPG Capital and Leonard Green & Partners in a leveraged buyout.

Several employees of Life Time Fitness took the firm to court for withholding wages in 2004. In 2009, a court ruled in favor of employees in the case of Baden-Winterwood v. Life Time Fitness Inc., with a judgment that employees must be paid in accordance with federal and state wage-and-hour laws which require overtime pay for hours worked in excess of 40 in a workweek.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q1 2020 2020-05-30 -0.65 -3.50
Q4 2019 2020-04-08 0.46 0.37
Q3 2019 2019-11-13 0.14 0.14
Q2 2019 2019-08-13 -0.10 -0.10
Q1 2019 2019-05-16 -0.10 -0.10
Q4 2018 2019-02-28 0.25 0.64
Q3 2018 2018-11-20 0.09 0.06

Ratings

2015-11-02 Downgrade KeyBanc Buy to Hold
2015-11-02 Downgrade KeyCorp Buy to Hold
2015-03-16 Downgrade Feltl & Co. Buy to Sell
2015-03-16 Downgrade Piper Jaffray Overweight to Neutral
2015-03-16 Downgrade Piper Jaffray Cos. Overweight to Neutral
2015-02-11 Downgrade KeyBanc Buy to Hold $60.00
2015-02-09 Reiterated Rating William Blair Market Perform
2015-01-27 Downgrade Stifel Nicolaus Buy to Hold $52.00
2014-10-24 Boost Price Target Stifel Nicolaus Buy $52.00 to $56.00
2014-09-02 Upgrade Piper Jaffray Neutral to Overweight
2014-07-28 Downgrade Wedbush Outperform to Neutral $56.00 to $43.00
2014-07-25 Reiterated Rating Stifel Nicolaus Buy $57.00 to $52.00
2014-07-25 Downgrade Feltl & Co. Strong-Buy to Buy $71.40 to $55.50
2014-06-05 Downgrade Piper Jaffray Overweight to Neutral $59.00 to $54.00
2014-04-25 Downgrade Oppenheimer Outperform to Market Perform $54.00 to $50.00
2014-01-13 Upgrade KeyBanc Hold to Buy $55.00
2013-02-01 Downgrade Imperial Capital Outperform to In-line $55 to $45
2011-10-21 Reiterated RBC Capital Mkts Sector Perform $48 to $44
2011-02-10 Downgrade KeyBanc Capital Mkts Buy to Hold
2011-01-14 Reiterated Oppenheimer Outperform $46 to $49
2010-10-22 Reiterated Dougherty & Company Buy $42 to $47
2015-11-02 Downgrade KeyBanc Buy to Hold
2015-11-02 Downgrade KeyCorp Buy to Hold
2015-03-16 Downgrade Feltl & Co. Buy to Sell
2015-03-16 Downgrade Piper Jaffray Overweight to Neutral
2015-03-16 Downgrade Piper Jaffray Cos. Overweight to Neutral

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Funds

In LTM 2 funds of 2213 total. Show all

Fund name Ticker shares
Placemark Investments, Inc. 4748
SHAPIRO ROBERT N 81

Major Shareholders

Name Relationship Total Shares Holding stocks
Robinson Michael R Exec Vice President and CFO 0.50%  (196704) LTM /
Buss Eric J Executive Vice President 0.36%  (142424) LTM /
Zaebst Mark L Executive Vice President 0.21%  (80734) LTM /