Cullen Frost Bankers Inc. maintained its position in Team, Inc. (NYSE:TISI) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,640 shares of the business services provider’s stock at the end of the second quarter. Cullen Frost Bankers Inc.’s holdings in Team were worth $203,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in TISI. Norges Bank acquired a new stake in shares of Team during the fourth quarter worth about $7,031,000. Teachers Advisors LLC boosted its stake in shares of Team by 3.1% in the fourth quarter. Teachers Advisors LLC now owns 52,224 shares of the business services provider’s stock worth $2,050,000 after buying an additional 1,571 shares during the last quarter. Bank of Montreal Can boosted its stake 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 worth $456,000 after buying an additional 2,265 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of Team by 0.8% in the first quarter. Louisiana State Employees Retirement System now owns 12,000 shares of the business services provider’s stock worth $325,000 after buying an additional 100 shares during the last quarter. Finally, Strs Ohio acquired a new stake in shares of Team during the first quarter worth about $229,000. 93.67% of the stock is owned by hedge funds and other institutional investors.

Shares of Team, Inc. (NYSE:TISI) opened at 11.45 on Thursday. Team, Inc. has a 12 month low of $11.25 and a 12 month high of $39.70. The stock has a 50 day moving average of $20.22 and a 200-day moving average of $26.21. The company’s market cap is $341.37 million.

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 the consensus estimate of $0.31 by $0.54. The firm had revenue of $312.26 million for the quarter, compared to the consensus estimate of $309.60 million. Team had a negative return on equity of 2.22% and a negative net margin of 2.83%. Equities analysts forecast that Team, Inc. will post ($0.14) earnings per share for the current year.

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A number of equities research analysts have recently issued reports on TISI shares. Zacks Investment Research cut shares of Team from a “hold” rating to a “strong sell” rating in a research report on Friday, May 19th. TheStreet cut shares of Team from a “c-” rating to a “d+” rating in a research report on Tuesday, July 25th. ValuEngine cut shares of Team from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Stephens cut shares of Team from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $34.00 to $19.00 in a research report on Tuesday, July 25th. Finally, Johnson Rice cut shares of Team from a “buy” rating to a “hold” rating and reduced their target price for the company from $36.00 to $26.00 in a research report on Tuesday, July 25th. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $22.50.

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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Institutional Ownership by Quarter for Team (NYSE:TISI)

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