Gamco Investors INC. ET AL reduced its holdings in shares of Team, Inc. (NYSE:TISI) by 4.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,588,302 shares of the business services provider’s stock after selling 70,338 shares during the period. Gamco Investors INC. ET AL owned approximately 5.29% of Team worth $35,737,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also made changes to their positions in the stock. US Bancorp DE grew its stake in Team by 32.4% during the 3rd quarter. US Bancorp DE now owns 10,935 shares of the business services provider’s stock valued at $247,000 after purchasing an additional 2,679 shares during the last quarter. Rhumbline Advisers grew its stake in Team by 3.9% during the 2nd quarter. Rhumbline Advisers now owns 72,134 shares of the business services provider’s stock valued at $1,666,000 after purchasing an additional 2,687 shares during the last quarter. Bank of New York Mellon Corp grew its stake in Team by 0.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 336,526 shares of the business services provider’s stock valued at $7,773,000 after purchasing an additional 2,905 shares during the last quarter. Global X Management Co LLC grew its stake in Team by 18.9% during the 2nd quarter. Global X Management Co LLC now owns 19,463 shares of the business services provider’s stock valued at $450,000 after purchasing an additional 3,100 shares during the last quarter. Finally, Legal & General Group Plc grew its stake in Team by 6.2% during the 2nd quarter. Legal & General Group Plc now owns 59,228 shares of the business services provider’s stock valued at $1,350,000 after purchasing an additional 3,436 shares during the last quarter.
A number of brokerages have recently commented on TISI. Zacks Investment Research upgraded Team from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 10th. ValuEngine upgraded Team from a “buy” rating to a “strong-buy” rating in a research note on Thursday, November 1st. Finally, KeyCorp upped their target price on Team from $24.00 to $28.00 and gave the stock an “overweight” rating in a research note on Friday, August 10th. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Team presently has a consensus rating of “Buy” and a consensus price target of $26.00.
Shares of TISI opened at $21.28 on Wednesday. Team, Inc. has a 52 week low of $11.50 and a 52 week high of $25.55. The company has a current ratio of 2.86, a quick ratio of 2.50 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $597.13 million, a PE ratio of -50.67 and a beta of 1.81.
Team (NYSE:TISI) last issued its earnings results on Monday, November 5th. The business services provider reported ($0.56) EPS for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.25). The company had revenue of $290.86 million during the quarter, compared to analysts’ expectations of $307.10 million. Team had a negative return on equity of 4.72% and a negative net margin of 10.73%. On average, research analysts predict that Team, Inc. will post -1.06 EPS for the current fiscal year.
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Team Company Profile
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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