Key Points
- Corre Partners Management, LLC purchased 1,076 shares of Team (TISI) on Dec. 8 at $15.13, bringing its direct stake to 1,604,326 shares (≈$24.27M) after multiple purchases earlier in the month.
- Despite the insider buying, Team reported a loss of ($1.48) EPS with negative margins and ROE, has a market cap of about $69.3M, and carries a consensus "Sell" rating while trading near $15.30 (below its 200‑day MA of $17.25).
Team, Inc. (NYSE:TISI - Get Free Report) major shareholder Corre Partners Management, Llc bought 1,076 shares of Team stock in a transaction on Monday, December 8th. The shares were purchased at an average price of $15.13 per share, for a total transaction of $16,279.88. Following the acquisition, the insider directly owned 1,604,326 shares in the company, valued at approximately $24,273,452.38. This trade represents a 0.07% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Major shareholders that own more than 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 Friday, December 5th, Corre Partners Management, Llc bought 1,320 shares of Team stock. The stock was purchased at an average price of $14.78 per share, with a total value of $19,509.60.
- On Thursday, December 4th, Corre Partners Management, Llc purchased 600 shares of Team stock. The stock was purchased at an average cost of $14.81 per share, for a total transaction of $8,886.00.
- On Wednesday, December 3rd, Corre Partners Management, Llc acquired 700 shares of Team stock. The stock was purchased at an average price of $14.89 per share, with a total value of $10,423.00.
- On Monday, December 1st, Corre Partners Management, Llc acquired 13,334 shares of Team stock. The shares were purchased at an average cost of $14.83 per share, with a total value of $197,743.22.
Team Trading Up 4.8%
Shares of TISI stock opened at $15.30 on Tuesday. The company's fifty day moving average price is $15.20 and its 200-day moving average price is $17.25. The stock has a market cap of $69.31 million, a PE ratio of -1.29 and a beta of 1.19. Team, Inc. has a 12 month low of $11.12 and a 12 month high of $24.25.
Team (NYSE:TISI - Get Free Report) last issued its quarterly earnings results on Wednesday, November 12th. The business services provider reported ($1.48) earnings per share (EPS) for the quarter. Team had a negative net margin of 5.95% and a negative return on equity of 753.94%. The business had revenue of $224.98 million for the quarter.
Hedge Funds Weigh In On Team
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Susquehanna International Group LLP boosted its stake in Team by 5.1% during the 3rd 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 during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Team by 8.7% during the third 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 in the last quarter. Vanguard Group Inc. boosted its position in shares of Team by 1.7% during the third 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 during the last quarter. Manatuck Hill Partners LLC boosted its position in shares of Team by 16.1% during the second quarter. Manatuck Hill Partners LLC now owns 72,075 shares of the business services provider's stock valued at $1,312,000 after buying an additional 10,000 shares during the last quarter. Finally, Barclays PLC increased its holdings 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 institutional investors.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reissued a "sell (d-)" rating on shares of Team in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of "Sell".
Check Out Our Latest Stock Analysis on Team
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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