Team, Inc. (NYSE:TISI) Shares Acquired by Bridge Creek Capital Management LLC
Bridge Creek Capital Management LLC grew its position in Team, Inc. (NYSE:TISI) by 1.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 61,385 shares of the business services provider’s stock after acquiring an additional 920 shares during the quarter. Bridge Creek Capital Management LLC owned about 0.20% of Team worth $980,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the company. Marshall Wace LLP purchased a new stake in shares of Team during the first quarter worth approximately $41,000. Nisa Investment Advisors LLC increased its position in shares of Team by 20.2% in the third quarter. Nisa Investment Advisors LLC now owns 5,350 shares of the business services provider’s stock valued at $97,000 after buying an additional 900 shares in the last quarter. Envestnet Asset Management Inc. purchased a new position in shares of Team in the third quarter valued at $194,000. State of Tennessee Treasury Department increased its position in shares of Team by 8.5% in the third quarter. State of Tennessee Treasury Department now owns 13,301 shares of the business services provider’s stock valued at $240,000 after buying an additional 1,046 shares in the last quarter. Finally, State of Alaska Department of Revenue increased its position in shares of Team by 126.9% in the third quarter. State of Alaska Department of Revenue now owns 23,335 shares of the business services provider’s stock valued at $421,000 after buying an additional 13,051 shares in the last quarter.
TISI has been the topic of a number of analyst reports. Zacks Investment Research raised Team from a “strong sell” rating to a “hold” rating in a research note on Tuesday. Sidoti initiated coverage on Team in a research note on Thursday, December 12th. They set a “buy” rating on the stock. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $21.50.
Team (NYSE:TISI) last issued its quarterly earnings results on Tuesday, November 5th. The business services provider reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.05). The business had revenue of $290.08 million during the quarter, compared to analyst estimates of $323.30 million. Team had a positive return on equity of 1.08% and a negative net margin of 1.42%. Sell-side analysts expect that Team, Inc. will post -0.34 EPS for the current fiscal year.
Team, Inc provides specialty industrial services in the United States, Canada, Europe, and internationally. It operates through three segments: Inspection and Heat Treating Group (IHT), Mechanical Services Group (MS), and Quest Integrity Group (Quest Integrity). The IHT segment offers non-destructive evaluation and testing, radiographic testing, ultrasonic testing, magnetic particle inspection, liquid penetrant inspection, positive material identification, electromagnetic testing, alternating current field measurement, and eddy current testing services.
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