Schafer Cullen Capital Management Inc. cut its position in Team, Inc. (NYSE:TISI) by 12.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,450 shares of the business services provider’s stock after selling 3,155 shares during the quarter. Schafer Cullen Capital Management Inc. owned 0.08% of Team worth $526,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. 1st Global Advisors Inc. acquired a new stake in shares of Team in the second quarter valued at $236,000. The Manufacturers Life Insurance Company grew its stake in shares of Team by 2.1% in the second quarter. The Manufacturers Life Insurance Company now owns 22,673 shares of the business services provider’s stock valued at $531,000 after buying an additional 459 shares in the last quarter. State Street Corp grew its stake in shares of Team by 4.4% in the second quarter. State Street Corp now owns 688,306 shares of the business services provider’s stock valued at $16,142,000 after buying an additional 29,171 shares in the last quarter. Brandywine Global Investment Management LLC acquired a new stake in shares of Team in the second quarter valued at $7,830,000. Finally, Voya Investment Management LLC grew its stake in shares of Team by 10.3% in the second quarter. Voya Investment Management LLC now owns 13,880 shares of the business services provider’s stock valued at $325,000 after buying an additional 1,301 shares in the last quarter. 96.87% of the stock is owned by institutional investors and hedge funds.

Team, Inc. (NYSE:TISI) traded up 1.20% on Friday, reaching $12.60. The company had a trading volume of 943,564 shares. Team, Inc. has a 12 month low of $10.45 and a 12 month high of $39.70. The firm has a 50-day moving average of $13.00 and a 200-day moving average of $20.09. The stock’s market capitalization is $375.97 million.

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

In other Team news, Director Louis A. Waters bought 17,500 shares of the stock in a transaction dated Wednesday, August 16th. The stock was bought at an average cost of $11.40 per share, for a total transaction of $199,500.00. Following the completion of the purchase, the director now directly owns 160,580 shares of the company’s stock, valued at $1,830,612. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Jeffery Gerald Davis bought 5,000 shares of the stock in a transaction dated Thursday, August 10th. The shares were acquired at an average price of $10.96 per share, with a total value of $54,800.00. Following the completion of the purchase, the director now directly owns 13,869 shares of the company’s stock, valued at $152,004.24. The disclosure for this purchase can be found here. Insiders acquired 36,000 shares of company stock worth $408,130 over the last three months. 4.10% of the stock is currently owned by corporate insiders.

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Several research analysts recently commented on TISI shares. Zacks Investment Research raised Team from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 18th. Stephens cut Team from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $34.00 to $19.00 in a research note on Tuesday, July 25th. Johnson Rice cut Team from a “buy” rating to a “hold” rating and lowered their target price for the stock from $36.00 to $26.00 in a research note on Tuesday, July 25th. TheStreet cut Team from a “c-” rating to a “d+” rating in a research note on Tuesday, July 25th. Finally, BidaskClub cut Team from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st. Two analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. Team currently has a consensus rating of “Hold” and an average price target 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.

Institutional Ownership by Quarter for Team (NYSE:TISI)

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