Aristotle Capital Boston LLC increased its holdings in shares of Team, Inc. (NYSE:TISI) by 5.8% during the third quarter, HoldingsChannel.com reports. The fund owned 722,824 shares of the business services provider’s stock after buying an additional 39,833 shares during the period. Team comprises approximately 1.2% of Aristotle Capital Boston LLC’s investment portfolio, making the stock its 27th biggest holding. Aristotle Capital Boston LLC’s holdings in Team were worth $16,264,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. University of Notre Dame DU Lac acquired a new stake in shares of Team in the third quarter valued at about $8,902,000. Royce & Associates LP grew its stake in Team by 7.5% during the 3rd quarter. Royce & Associates LP now owns 1,227,251 shares of the business services provider’s stock valued at $27,613,000 after purchasing an additional 86,000 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Team during the 3rd quarter valued at approximately $465,000. Franklin Resources Inc. grew its stake in Team by 158.2% during the 3rd quarter. Franklin Resources Inc. now owns 1,721,300 shares of the business services provider’s stock valued at $38,729,000 after purchasing an additional 1,054,700 shares in the last quarter. Finally, Walthausen & Co. LLC acquired a new stake in Team during the 3rd quarter valued at approximately $1,638,000.
TISI has been the subject of a number of recent analyst reports. ValuEngine lowered Team from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 11th. Zacks Investment Research lowered Team from a “hold” rating to a “sell” rating in a research note on Saturday, November 10th. Johnson Rice lowered Team from a “buy” rating to an “accumulate” rating and lowered their price objective for the company from $26.00 to $25.00 in a research note on Thursday, November 8th. Finally, KeyCorp raised their price objective on Team from $24.00 to $28.00 and gave the company an “overweight” rating in a research note on Friday, August 10th. One analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $26.50.
Shares of NYSE TISI opened at $16.78 on Friday. Team, Inc. has a fifty-two week low of $12.85 and a fifty-two week high of $25.55. The company has a quick ratio of 2.27, a current ratio of 2.61 and a debt-to-equity ratio of 0.86. The company has a market cap of $496.80 million, a price-to-earnings ratio of -39.45 and a beta of 1.74.
Team (NYSE:TISI) last issued its quarterly earnings data on Monday, November 5th. The business services provider reported ($0.56) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.25). The business had revenue of $290.86 million for the quarter, compared to analyst estimates of $307.10 million. Team had a negative net margin of 5.84% and a negative return on equity of 5.97%. Equities analysts expect that Team, Inc. will post -1.4 earnings per share for the current fiscal year.
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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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