Team Inc. (TISI) Shares Sold by Investment Management of Virginia LLC
Investment Management of Virginia LLC cut its position in shares of Team Inc. (NYSE:TISI) by 5.3% during the third quarter, according to its most recent filing with the SEC. The firm owned 43,612 shares of the company’s stock after selling 2,465 shares during the period. Investment Management of Virginia LLC owned approximately 0.15% of Team worth $1,427,000 as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. Capstone Asset Management Co. boosted its position in Team by 1.4% in the third quarter. Capstone Asset Management Co. now owns 8,690 shares of the company’s stock valued at $284,000 after buying an additional 120 shares in the last quarter. Mason Street Advisors LLC bought a new position in Team during the second quarter valued at $143,000. Royal Bank of Canada boosted its position in Team by 47.8% in the second quarter. Royal Bank of Canada now owns 527,690 shares of the company’s stock valued at $13,102,000 after buying an additional 170,618 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in Team by 8.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 139,780 shares of the company’s stock valued at $3,471,000 after buying an additional 10,789 shares in the last quarter. Finally, Arizona State Retirement System bought a new position in Team during the second quarter valued at $380,000. 96.74% of the stock is currently owned by institutional investors.
Team Inc. (NYSE:TISI) traded down 8.58% on Monday, reaching $35.70. 285,655 shares of the company’s stock traded hands. The company’s 50 day moving average is $33.41 and its 200-day moving average is $30.04. Team Inc. has a 52-week low of $21.61 and a 52-week high of $39.52. The stock’s market cap is $1.05 billion.
Separately, Zacks Investment Research raised shares of Team from a “sell” rating to a “hold” rating in a report on Wednesday, October 12th.
In other news, Director Emmett J. Lescroart sold 30,000 shares of Team stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $31.72, for a total transaction of $951,600.00. Following the completion of the transaction, the director now directly owns 73,616 shares in the company, valued at $2,335,099.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 4.10% of the company’s stock.
Team, Inc (Team) provides specialty industrial services, including inspection and assessment, required in maintaining high temperature and high pressure piping systems and vessels that are utilized in the refining, petrochemical, power, pipeline and other heavy industries. The Company conducts its operations in three segments: Inspection and Heat Treating Services (IHT) Group, Mechanical Services (MS) Group and Quest Integrity (Quest Integrity) Group.
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