Key Points
- Director Anthony Horton purchased 4,000 shares of Team (NYSE:TISI) at an average price of $15.68 on Nov. 17 for $62,720, boosting his holdings to 9,082 shares (a 78.71% increase) as disclosed in an SEC filing.
- Team reported a quarterly loss of ($1.48) EPS, with a negative net margin (6.01%) and deeply negative ROE (-753.94%); the company has a market capitalization of about $71.4M and the stock trades near $15.78.
- Weiss Ratings restated a "sell (d-)" and the stock's MarketBeat consensus is "Sell," even as institutional investors hold roughly 46.6% of shares and several funds modestly increased stakes recently.
Team, Inc. (NYSE:TISI - Get Free Report) Director Anthony Horton bought 4,000 shares of the business's stock in a transaction on Monday, November 17th. The shares were acquired at an average price of $15.68 per share, for a total transaction of $62,720.00. Following the completion of the purchase, the director owned 9,082 shares in the company, valued at approximately $142,405.76. The trade was a 78.71% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link.
Team Stock Up 2.0%
TISI traded up $0.31 during midday trading on Thursday, hitting $15.78. 1,094 shares of the company traded hands, compared to its average volume of 15,652. The company's 50-day moving average is $15.95 and its 200 day moving average is $17.85. The firm has a market capitalization of $71.41 million, a PE ratio of -1.35 and a beta of 1.58. Team, Inc. has a 52 week low of $11.12 and a 52 week high of $24.25.
Team (NYSE:TISI - Get Free Report) last released its quarterly earnings data on Wednesday, November 12th. The business services provider reported ($1.48) earnings per share for the quarter. Team had a negative net margin of 6.01% and a negative return on equity of 753.94%. The company had revenue of $224.98 million for the quarter.
Analyst Ratings Changes
Separately, Weiss Ratings restated a "sell (d-)" rating on shares of Team in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of "Sell".
Get Our Latest Stock Report on TISI
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in TISI. Susquehanna International Group LLP increased its holdings in Team by 5.1% in the 3rd quarter. Susquehanna International Group LLP now owns 17,263 shares of the business services provider's stock worth $286,000 after acquiring an additional 834 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Team by 8.7% in the third quarter. Dimensional Fund Advisors LP now owns 15,057 shares of the business services provider's stock worth $250,000 after purchasing an additional 1,204 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Team by 1.7% during the 3rd quarter. Vanguard Group Inc. now owns 162,570 shares of the business services provider's stock valued at $2,695,000 after buying an additional 2,667 shares in the last quarter. Manatuck Hill Partners LLC boosted its holdings in Team by 16.1% in the 2nd quarter. Manatuck Hill Partners LLC now owns 72,075 shares of the business services provider's stock worth $1,312,000 after buying an additional 10,000 shares during the period. Finally, Barclays PLC increased its stake in Team by 3.5% in the 3rd quarter. Barclays PLC now owns 299,528 shares of the business services provider's stock worth $4,966,000 after buying an additional 10,014 shares in the last quarter. 46.57% of the stock is owned by hedge funds and other institutional investors.
Team Company Profile
(
Get Free Report)
Team, Inc, together with its subsidiaries, provides a suite of conventional, specialized, and proprietary mechanical, heat-treating, and inspection services in the United States, Canada, Europe, and internationally. It operates through Inspection and Heat Treating (IHT) and Mechanical Services (MS) segments.
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