Brasada Capital Management LP acquired a new position in Team, Inc. (NYSE:TISI) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 30,000 shares of the business services provider’s stock, valued at approximately $413,000. Brasada Capital Management LP owned 0.10% of Team as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently made changes to their positions in TISI. Bank of Montreal Can raised its position in Team by 4,966.0% in the fourth quarter. Bank of Montreal Can now owns 14,742 shares of the business services provider’s stock worth $220,000 after acquiring an additional 14,451 shares during the period. Schwab Charles Investment Management Inc. raised its position in Team by 22.4% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 274,204 shares of the business services provider’s stock worth $4,086,000 after acquiring an additional 50,169 shares during the period. Aperio Group LLC bought a new stake in Team in the fourth quarter worth about $150,000. Crossmark Global Holdings Inc. purchased a new position in shares of Team in the fourth quarter worth about $259,000. Finally, Teacher Retirement System of Texas purchased a new position in shares of Team in the fourth quarter worth about $154,000.
Several equities analysts have recently weighed in on TISI shares. TheStreet upgraded shares of Team from a “d” rating to a “c-” rating in a research note on Wednesday, March 14th. Zacks Investment Research upgraded shares of Team from a “strong sell” rating to a “hold” rating in a research note on Wednesday, June 6th. Finally, ValuEngine upgraded shares of Team from a “sell” rating to a “hold” rating in a research note on Friday, May 11th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $20.67.
Team opened at $21.75 on Friday, according to Marketbeat.com. The stock has a market capitalization of $647.73 million, a PE ratio of -51.79 and a beta of 1.67. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.67 and a quick ratio of 2.32. Team, Inc. has a twelve month low of $10.45 and a twelve month high of $24.80.
Team (NYSE:TISI) last posted its earnings results on Tuesday, May 8th. The business services provider reported ($0.58) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.47). The business had revenue of $302.39 million during the quarter, compared to analysts’ expectations of $289.70 million. Team had a negative return on equity of 4.79% and a negative net margin of 9.25%. equities research analysts anticipate that Team, Inc. will post -0.83 EPS for the current fiscal year.
Team, Inc provides specialty industrial services in the United States, Canada, Europe, and internationally. The company operates through three segments: TeamQualspec Group (TeamQualspec), TeamFurmanite Group (TeamFurmanite), and Quest Integrity. The TeamQualspec segment offers non-destructive evaluation and testing, radiographic testing, ultrasonic testing, magnetic particle inspection, liquid penetrant inspection, positive material identification, electromagnetic testing, eddy current testing, and alternating current field measurement services.
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