Team, Inc. (NYSE:TISI) VP Andre C. Bouchard bought 1,000 shares of the company’s stock in a transaction on Thursday, August 17th. The stock was bought at an average cost of $11.33 per share, with a total value of $11,330.00. Following the completion of the purchase, the vice president now owns 26,488 shares of the company’s stock, valued at approximately $300,109.04. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Team, Inc. (TISI) traded down 4.44% during midday trading on Friday, hitting $10.75. 606,551 shares of the company were exchanged. The stock’s market capitalization is $320.77 million. Team, Inc. has a one year low of $10.45 and a one year high of $39.70. The firm’s 50-day moving average price is $17.63 and its 200-day moving average price is $25.08.
Team (NYSE:TISI) last posted its quarterly earnings results on Monday, August 7th. The business services provider reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by $0.54. Team had a negative net margin of 2.83% and a negative return on equity of 2.22%. The company had revenue of $312.26 million during the quarter, compared to analyst estimates of $309.60 million. Equities research analysts anticipate that Team, Inc. will post ($0.52) earnings per share for the current year.
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A number of brokerages have weighed in on TISI. BidaskClub downgraded shares of Team from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st. TheStreet downgraded shares of Team from a “c-” rating to a “d+” rating in a research note on Tuesday, July 25th. Johnson Rice downgraded shares of Team from a “buy” rating to a “hold” rating and dropped their price target for the stock from $36.00 to $26.00 in a research note on Tuesday, July 25th. Zacks Investment Research raised shares of Team from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 18th. Finally, Stephens downgraded shares of Team from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $34.00 to $19.00 in a research note on Tuesday, July 25th. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $22.50.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. State of Alaska Department of Revenue raised its position in shares of Team by 79.9% in the second quarter. State of Alaska Department of Revenue now owns 5,883 shares of the business services provider’s stock worth $137,000 after buying an additional 2,613 shares during the period. UBS Group AG raised its position in shares of Team by 21.6% in the first quarter. UBS Group AG now owns 5,642 shares of the business services provider’s stock worth $152,000 after buying an additional 1,003 shares during the period. Municipal Employees Retirement System of Michigan raised its position in shares of Team by 4.5% in the second quarter. Municipal Employees Retirement System of Michigan now owns 6,960 shares of the business services provider’s stock worth $163,000 after buying an additional 300 shares during the period. Mason Street Advisors LLC raised its position in shares of Team by 7.0% in the first quarter. Mason Street Advisors LLC now owns 6,897 shares of the business services provider’s stock worth $187,000 after buying an additional 452 shares during the period. Finally, BNP Paribas Arbitrage SA raised its position in shares of Team by 57.7% in the second quarter. BNP Paribas Arbitrage SA now owns 9,482 shares of the business services provider’s stock worth $222,000 after buying an additional 3,469 shares during the period. Institutional investors and hedge funds own 94.00% of the company’s stock.
About Team
Team, Inc is a provider of specialty industrial services, including inspection and assessment, required in maintaining high temperature and high pressure piping systems and vessels. The Company conducts its operations through three segments: Inspection and Heat Treating Services (IHT) Group, Mechanical Services (MS) Group and Quest Integrity (Quest Integrity) Group.
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