Formerly called
|
FCA ltd. |
---|---|
Type
|
Private |
Founded |
1990 (1990) (as FCA, Ltd.) 1992 (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 |
1990 (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.
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
In LTM 2 funds of 2213 total. Show all
Fund name | Ticker shares |
---|---|
Placemark Investments, Inc. | 4748 |
SHAPIRO ROBERT N | 81 |
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 / |