BNP Paribas Arbitrage SA raised its stake in Team, Inc. (NYSE:TISI) by 57.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,482 shares of the business services provider’s stock after acquiring an additional 3,469 shares during the period. BNP Paribas Arbitrage SA’s holdings in Team were worth $222,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Gamco Investors INC. ET AL grew its position in Team by 15.4% in the second quarter. Gamco Investors INC. ET AL now owns 461,658 shares of the business services provider’s stock valued at $10,826,000 after acquiring an additional 61,437 shares during the period. Teton Advisors Inc. grew its position in Team by 0.6% in the second quarter. Teton Advisors Inc. now owns 174,800 shares of the business services provider’s stock valued at $4,099,000 after acquiring an additional 1,000 shares during the period. Legal & General Group Plc grew its position in Team by 9.8% in the second quarter. Legal & General Group Plc now owns 56,962 shares of the business services provider’s stock valued at $1,336,000 after acquiring an additional 5,099 shares during the period. Bank of New York Mellon Corp grew its position in Team by 2.6% in the second quarter. Bank of New York Mellon Corp now owns 366,067 shares of the business services provider’s stock valued at $8,585,000 after acquiring an additional 9,291 shares during the period. Finally, Northpointe Capital LLC grew its position in Team by 12.2% in the second quarter. Northpointe Capital LLC now owns 505,766 shares of the business services provider’s stock valued at $11,860,000 after acquiring an additional 54,922 shares during the period. Hedge funds and other institutional investors own 96.87% of the company’s stock.

In other Team news, Director Louis A. Waters purchased 17,500 shares of the stock in a transaction dated Wednesday, August 16th. The stock was bought at an average price of $11.40 per share, with a total value of $199,500.00. Following the acquisition, the director now owns 160,580 shares of the company’s stock, valued at $1,830,612. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Louis A. Waters purchased 12,500 shares of the stock in a transaction dated Tuesday, August 15th. The shares were acquired at an average cost of $11.40 per share, with a total value of $142,500.00. Following the acquisition, the director now directly owns 160,580 shares in the company, valued at approximately $1,830,612. The disclosure for this purchase can be found here. Insiders acquired a total of 36,000 shares of company stock valued at $408,130 over the last ninety days. Insiders own 4.10% of the company’s stock.

A number of analysts have weighed in on the company. BidaskClub cut Team from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. TheStreet cut Team from a “c-” rating to a “d+” rating in a research report on Tuesday, July 25th. Johnson Rice cut Team from a “buy” rating to a “hold” rating and lowered their price target for the company from $36.00 to $26.00 in a research report on Tuesday, July 25th. Zacks Investment Research upgraded Team from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 18th. Finally, Stephens cut Team from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $34.00 to $19.00 in a research report on Tuesday, July 25th. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company. The company currently has an average rating of “Hold” and an average target price of $22.50.

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Shares of Team, Inc. (NYSE:TISI) opened at 13.10 on Friday. Team, Inc. has a one year low of $10.45 and a one year high of $39.70. The company’s market cap is $390.89 million. The stock’s 50 day moving average price is $12.23 and its 200 day moving average price is $21.76.

Team (NYSE:TISI) last announced its quarterly earnings data on Monday, August 7th. The business services provider reported ($0.23) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.54). The company had revenue of $312.26 million during the quarter, compared to analyst estimates of $309.60 million. Team had a negative net margin of 2.83% and a negative return on equity of 2.22%. Equities analysts predict that Team, Inc. will post ($0.52) earnings per share for the current fiscal year.

Team 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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Institutional Ownership by Quarter for Team (NYSE:TISI)

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