Rhumbline Advisers boosted its stake in Team, Inc. (NYSE:TISI) by 3.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 72,134 shares of the business services provider’s stock after purchasing an additional 2,687 shares during the period. Rhumbline Advisers owned about 0.24% of Team worth $1,666,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Principal Financial Group Inc. increased its position in Team by 2.4% in the 1st quarter. Principal Financial Group Inc. now owns 229,285 shares of the business services provider’s stock valued at $3,153,000 after acquiring an additional 5,439 shares during the period. Royal Bank of Canada increased its position in Team by 1.1% in the 1st quarter. Royal Bank of Canada now owns 1,476,566 shares of the business services provider’s stock valued at $20,303,000 after acquiring an additional 16,353 shares during the period. Bbva Compass Bancshares Inc. increased its position in Team by 44.0% in the 2nd quarter. Bbva Compass Bancshares Inc. now owns 16,375 shares of the business services provider’s stock valued at $379,000 after acquiring an additional 5,001 shares during the period. State of Wisconsin Investment Board increased its position in Team by 24.7% in the 2nd quarter. State of Wisconsin Investment Board now owns 351,000 shares of the business services provider’s stock valued at $8,108,000 after acquiring an additional 69,416 shares during the period. Finally, Russell Investments Group Ltd. increased its position in Team by 58.0% in the 1st quarter. Russell Investments Group Ltd. now owns 1,249,234 shares of the business services provider’s stock valued at $17,176,000 after acquiring an additional 458,676 shares during the period.
Several equities analysts have issued reports on TISI shares. ValuEngine cut shares of Team from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 11th. KeyCorp increased their price objective on shares of Team from $24.00 to $28.00 and gave the stock an “overweight” rating in a research report on Friday, August 10th. Finally, Zacks Investment Research upgraded shares of Team from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 10th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Team has an average rating of “Buy” and an average price target of $26.00.
Shares of TISI traded down $0.06 during trading hours on Friday, hitting $21.90. 173,730 shares of the stock were exchanged, compared to its average volume of 437,305. The stock has a market cap of $675.48 million, a PE ratio of -52.14 and a beta of 1.76. Team, Inc. has a fifty-two week low of $11.45 and a fifty-two week high of $25.55. The company has a quick ratio of 2.50, a current ratio of 2.86 and a debt-to-equity ratio of 0.86.
Team (NYSE:TISI) last issued its earnings results on Tuesday, August 7th. The business services provider reported ($0.19) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by ($0.14). The company had revenue of $343.89 million for the quarter, compared to the consensus estimate of $337.70 million. Team had a negative return on equity of 4.72% and a negative net margin of 10.73%. Sell-side analysts anticipate that Team, Inc. will post -1.06 EPS for the current fiscal year.
Team Company Profile
Team, Inc provides specialty industrial services in the United States, Canada, Europe, and internationally. The company operates through three segments: TeamQualspec Group (TeamQualspec), TeamFurmanite Group (TeamFurmanite), and Quest Integrity. The TeamQualspec segment offers non-destructive evaluation and testing, radiographic testing, ultrasonic testing, magnetic particle inspection, liquid penetrant inspection, positive material identification, electromagnetic testing, eddy current testing, and alternating current field measurement services.
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