Gotham Asset Management LLC Buys Shares of 22,369 Team, Inc. (TISI)
Gotham Asset Management LLC bought a new position in Team, Inc. (NYSE:TISI) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 22,369 shares of the business services provider’s stock, valued at approximately $605,000. Gotham Asset Management LLC owned approximately 0.08% of Team at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. boosted its stake in Team by 121,178.7% in the first quarter. BlackRock Inc. now owns 3,643,211 shares of the business services provider’s stock valued at $98,549,000 after buying an additional 3,640,207 shares in the last quarter. Thrivent Financial For Lutherans boosted its stake in Team by 252.3% in the first quarter. Thrivent Financial For Lutherans now owns 838,936 shares of the business services provider’s stock valued at $22,693,000 after buying an additional 600,810 shares in the last quarter. Chartwell Investment Partners LLC bought a new stake in Team during the first quarter valued at about $8,825,000. Royce & Associates LP boosted its stake in Team by 47.3% in the first quarter. Royce & Associates LP now owns 666,651 shares of the business services provider’s stock valued at $18,033,000 after buying an additional 214,081 shares in the last quarter. Finally, William Blair Investment Management LLC bought a new stake in Team during the first quarter valued at about $5,389,000. 94.89% of the stock is currently owned by institutional investors and hedge funds.
Team, Inc. (NYSE TISI) traded up 1.15% during mid-day trading on Friday, reaching $13.15. 449,051 shares of the company’s stock traded hands. The stock’s market capitalization is $392.05 million. Team, Inc. has a 12 month low of $12.92 and a 12 month high of $39.70. The firm’s 50-day moving average price is $22.40 and its 200 day moving average price is $27.02.
Team (NYSE:TISI) last issued its earnings results on Tuesday, May 9th. The business services provider reported ($0.24) EPS for the quarter. The firm had revenue of $286.55 million during the quarter, compared to the consensus estimate of $303.30 million. Team had a positive return on equity of 1.02% and a negative net margin of 1.28%. Equities research analysts predict that Team, Inc. will post ($0.14) EPS for the current year.
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TISI has been the topic of several recent analyst reports. Zacks Investment Research raised shares of Team from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 10th. ValuEngine cut shares of Team from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Stephens lowered shares of Team from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $34.00 to $19.00 in a research note on Tuesday, July 25th. Johnson Rice lowered shares of Team from a “buy” rating to a “hold” rating and lowered their target price for the company from $36.00 to $26.00 in a research note on Tuesday, July 25th. Finally, TheStreet lowered shares of Team from a “c-” rating to a “d+” rating in a research note on Tuesday, July 25th. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The stock has a consensus rating of “Hold” and an average target price of $22.50.
Team Company Profile
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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