Team, Inc. (NYSE:TISI) Position Held by Municipal Employees Retirement System of Michigan
Municipal Employees Retirement System of Michigan maintained its stake in shares of Team, Inc. (NYSE:TISI) during the first quarter, according to its most recent filing with the SEC. The fund owned 6,660 shares of the business services provider’s stock at the end of the first quarter. Municipal Employees Retirement System of Michigan’s holdings in Team were worth $180,000 as of its most recent filing with the SEC.
Other large investors have also recently made changes to their positions in the company. Bank of Montreal Can increased its position in shares of Team by 15.5% in the first quarter. Bank of Montreal Can now owns 16,840 shares of the business services provider’s stock valued at $456,000 after buying an additional 2,265 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Team by 55.8% in the first quarter. JPMorgan Chase & Co. now owns 231,837 shares of the business services provider’s stock valued at $6,271,000 after buying an additional 83,069 shares in the last quarter. Norges Bank bought a new position in shares of Team during the fourth quarter valued at about $7,031,000. Russell Investments Group Ltd. bought a new position in shares of Team during the fourth quarter valued at about $2,563,000. Finally, Comerica Bank increased its position in shares of Team by 5.8% in the fourth quarter. Comerica Bank now owns 31,495 shares of the business services provider’s stock valued at $1,090,000 after buying an additional 1,722 shares in the last quarter. 93.67% of the stock is currently owned by institutional investors and hedge funds.
Team, Inc. (NYSE TISI) traded down 1.52% during mid-day trading on Monday, hitting $12.95. The stock had a trading volume of 651,722 shares. The firm’s 50-day moving average is $22.40 and its 200 day moving average is $27.02. Team, Inc. has a one year low of $12.85 and a one year high of $39.70. The stock’s market cap is $386.09 million.
Team (NYSE:TISI) last released its quarterly earnings results on Tuesday, May 9th. The business services provider reported ($0.24) EPS for the quarter. Team had a negative net margin of 1.28% and a positive return on equity of 1.02%. The business had revenue of $286.55 million during the quarter, compared to analyst estimates of $303.30 million. Equities research analysts expect that Team, Inc. will post ($0.14) EPS for the current year.
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Several research analysts recently issued reports on TISI shares. ValuEngine downgraded Team from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Zacks Investment Research downgraded Team from a “hold” rating to a “strong sell” rating in a report on Friday, May 19th. Stephens downgraded Team from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $34.00 to $19.00 in a report on Tuesday, July 25th. Johnson Rice downgraded Team from a “buy” rating to a “hold” rating and cut their price target for the company from $36.00 to $26.00 in a report on Tuesday, July 25th. Finally, TheStreet downgraded Team from a “c-” rating to a “d+” rating in a report on Tuesday, July 25th. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. Team currently has a consensus rating of “Hold” and a consensus price target of $22.50.
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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