Team, Inc. (NYSE:TISI - Get Free Report) Director Anthony Horton bought 2,000 shares of Team stock in a transaction dated Monday, August 24th. The stock was acquired at an average cost of $22.90 per share, with a total value of $45,800.00. Following the completion of the acquisition, the director owned 28,082 shares of the company's stock, valued at $643,077.80. This represents a 7.67% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Team Trading Up 4.5%
Shares of TISI opened at $24.00 on Wednesday. The stock has a 50 day moving average of $18.22 and a 200 day moving average of $16.64. The company has a market capitalization of $109.92 million, a price-to-earnings ratio of -2.55 and a beta of 1.04. Team, Inc. has a 12 month low of $12.34 and a 12 month high of $24.64.
Team (NYSE:TISI - Get Free Report) last posted its quarterly earnings data on Monday, August 10th. The business services provider reported ($1.73) earnings per share for the quarter, topping the consensus estimate of ($5.94) by $4.21. The business had revenue of $228.68 million during the quarter, compared to analysts' expectations of $208.88 million.
Team News Summary
Here are the key news stories impacting Team this week:
- Positive Sentiment: Chief Financial Officer Clinton William Roeder purchased 9,000 shares for approximately $206,000 at an average price of $22.89. Director Anthony R. Horton also bought 2,000 shares on August 21 for roughly $46,000 and another 2,000 shares on August 24 for approximately $45,800. The purchases increased their respective ownership stakes and may signal that senior leaders view the recent share-price strength and turnaround prospects favorably. Team insider purchase SEC filing
- Positive Sentiment: Team’s most recently reported quarter exceeded expectations, with a smaller-than-expected loss and revenue of $228.68 million versus the $208.88 million analyst consensus. The results provide some fundamental support for the stock’s recent momentum, despite the company remaining unprofitable.
- Neutral Sentiment: The stock is trading near its 52-week high and well above its 50-day and 200-day moving averages. This reflects strong recent momentum, but it also leaves the shares more sensitive to disappointment if the turnaround does not progress.
- Negative Sentiment: During its latest earnings call, Team described a difficult quarter and outlined a turnaround plan. The discussion suggests that operational and financial problems remain unresolved, meaning investors may continue to focus on execution, cash flow and the company’s ability to return to profitability. Team Inc. Earnings Call Maps Painful Quarter, Turnaround Plan
Analyst Ratings Changes
Separately, Weiss Ratings restated a "sell (d-)" rating on shares of Team in a research report on Friday, July 17th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of "Sell".
View Our Latest Stock Analysis on TISI
Hedge Funds Weigh In On Team
Several institutional investors have recently bought and sold shares of the company. IES Holdings Inc. bought a new position in Team during the fourth quarter valued at $1,060,000. DG Capital Management LLC bought a new stake in shares of Team in the fourth quarter valued at $913,000. Corre Partners Management LLC raised its stake in shares of Team by 1.1% in the fourth quarter. Corre Partners Management LLC now owns 1,604,326 shares of the business services provider's stock valued at $22,669,000 after buying an additional 17,030 shares during the period. Barclays PLC lifted its position in shares of Team by 4.8% during the 4th quarter. Barclays PLC now owns 313,766 shares of the business services provider's stock valued at $4,434,000 after buying an additional 14,238 shares during the last quarter. Finally, DRW Securities LLC purchased a new position in shares of Team during the 4th quarter valued at $168,000. Hedge funds and other institutional investors own 46.57% of the company's stock.
Team Company Profile
(
Get Free Report)
Team, Inc (NYSE:TISI) designs, engineers and manufactures industrial screen printing and digital printing equipment for a variety of end markets. The company's solutions are used primarily in textile decorating, apparel, signage and graphics, and specialty industrial applications. By combining precision mechanical design with automated controls, Team delivers systems that enhance production speed, print quality and repeatability for its customers.
Team's product portfolio includes manual and automatic screen presses, inkjet UV LED curing systems, digital direct-to-garment printers and hybrid platforms that integrate multiple printing technologies.
Further Reading
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