Key Points
- Corre Partners Management, LLC bought 13,334 shares of Team (NYSE:TISI) on Dec. 1 at an average price of $14.83 (≈$197,743), increasing its direct stake to 1,600,630 shares—a 0.84% ownership rise disclosed in an SEC Form 4.
- Team reported a quarterly loss (EPS -$1.48), has negative net margin and return on equity, a market cap of about $68.7M, and carries a consensus "Sell" rating (Weiss Ratings reaffirmed "sell (d-)").
- The stock trades near $15 (opened $15.17), sits below its 200‑day moving average (~$17.39), and has a 12‑month range of $11.12 to $24.25.
Team, Inc. (NYSE:TISI - Get Free Report) major shareholder Corre Partners Management, Llc acquired 700 shares of Team stock in a transaction that occurred on Wednesday, December 3rd. The shares were purchased at an average price of $14.89 per share, with a total value of $10,423.00. Following the transaction, the insider owned 1,601,330 shares of the company's stock, valued at $23,843,803.70. The trade was a 0.04% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own at least 10% of a company's shares are required to disclose their sales and purchases with the SEC.
Corre Partners Management, Llc also recently made the following trade(s):
- On Monday, December 1st, Corre Partners Management, Llc bought 13,334 shares of Team stock. The stock was purchased at an average cost of $14.83 per share, for a total transaction of $197,743.22.
Team Stock Down 2.2%
Shares of Team stock traded down $0.35 during trading hours on Thursday, reaching $15.17. 498 shares of the stock traded hands, compared to its average volume of 15,450. Team, Inc. has a one year low of $11.12 and a one year high of $24.25. The firm has a market capitalization of $68.70 million, a price-to-earnings ratio of -1.28 and a beta of 1.19. The company has a 50 day moving average price of $15.31 and a 200 day moving average price of $17.39.
Team (NYSE:TISI - Get Free Report) last posted its quarterly earnings data on Wednesday, November 12th. The business services provider reported ($1.48) earnings per share (EPS) for the quarter. Team had a negative return on equity of 753.94% and a negative net margin of 5.95%.The business had revenue of $224.98 million during the quarter.
Analyst Upgrades and Downgrades
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 MarketBeat.com, the stock currently has an average rating of "Sell".
Check Out Our Latest Analysis on Team
Institutional Investors Weigh In On Team
Institutional investors have recently added to or reduced their stakes in the stock. GSA Capital Partners LLP purchased a new position in shares of Team in the third quarter worth $188,000. Dimensional Fund Advisors LP boosted its holdings in shares of Team by 8.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 15,057 shares of the business services provider's stock valued at $250,000 after purchasing an additional 1,204 shares during the last quarter. Susquehanna International Group LLP grew its position in shares of Team by 5.1% during the third quarter. Susquehanna International Group LLP now owns 17,263 shares of the business services provider's stock valued at $286,000 after purchasing an additional 834 shares in the last quarter. 22NW LP bought a new stake in shares of Team in the first quarter worth about $589,000. Finally, Manatuck Hill Partners LLC lifted its position in shares of Team by 16.1% in the second 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 in the last quarter. 46.57% of the stock is owned by hedge funds and other institutional investors.
About Team
(
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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