Team, Inc. (NYSE:TISI - Get Free Report) CFO Clinton Roeder purchased 8,000 shares of the stock in a transaction that occurred on Thursday, September 3rd. The stock was purchased at an average cost of $27.59 per share, with a total value of $220,720.00. Following the purchase, the chief financial officer owned 17,000 shares in the company, valued at $469,030. This represents a 88.89% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Clinton William Roeder also recently made the following trade(s):
- On Friday, August 21st, Clinton Roeder acquired 9,000 shares of Team stock. The shares were acquired at an average cost of $22.89 per share, for a total transaction of $206,010.00.
Team Stock Performance
Shares of TISI opened at $27.16 on Wednesday. The firm has a market cap of $124.47 million, a PE ratio of -2.88 and a beta of 1.14. The firm's 50 day moving average price is $19.96 and its 200 day moving average price is $17.45. Team, Inc. has a twelve month low of $12.34 and a twelve month high of $28.05.
Team (NYSE:TISI - Get Free Report) last posted its earnings results on Monday, August 10th. The business services provider reported ($1.73) EPS 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 the consensus estimate of $208.88 million.
Wall Street Analyst Weigh In
Separately, Weiss Ratings restated a "sell (d-)" rating on shares of Team in a report on Friday, July 17th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of "Sell".
View Our Latest Analysis on Team
Team News Summary
Here are the key news stories impacting Team this week:
- Positive Sentiment: The CFO’s sizable open-market purchase may indicate confidence in Team’s valuation and future prospects. The shares were bought near recent highs, making the transaction more meaningful than a purchase at distressed levels. SEC insider transaction filing
- Neutral Sentiment: There were no additional Team-specific announcements in the provided news flow regarding contracts, earnings, financing, or operations. The company’s latest reported quarter showed revenue of $228.7 million and an adjusted-than-expected loss per share, which may continue to influence investor sentiment alongside the insider purchase.
Hedge Funds Weigh In On Team
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC raised its position in shares of Team by 4.8% in the fourth quarter. Barclays PLC now owns 313,766 shares of the business services provider's stock valued at $4,434,000 after purchasing an additional 14,238 shares during the period. Corre Partners Management LLC boosted its holdings in shares of Team by 1.1% during the 4th quarter. Corre Partners Management LLC now owns 1,604,326 shares of the business services provider's stock worth $22,669,000 after buying an additional 17,030 shares during the period. Vanguard Group Inc. boosted its holdings 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 worth $2,695,000 after buying an additional 2,667 shares during the period. Manatuck Hill Partners LLC grew its stake 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 valued at $1,312,000 after buying an additional 10,000 shares during the last quarter. Finally, DG Capital Management LLC acquired a new position in Team in the 4th quarter valued at $913,000. Institutional investors and hedge funds own 46.57% of the company's stock.
About Team
(
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.
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