Team (NYSE:TISI) Upgraded at Wall Street Zen
by Amy Steele · The Cerbat GemWall Street Zen upgraded shares of Team (NYSE:TISI – Free Report) to a hold rating in a report released on Saturday morning,Wall Street Zen reports.
Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Team in a research note on Friday, July 17th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.
Read Our Latest Stock Analysis on Team
Team Stock Performance
Shares of NYSE:TISI opened at $27.78 on Friday. The company has a 50 day moving average price of $21.76 and a two-hundred day moving average price of $18.25. The company has a market capitalization of $127.23 million, a PE ratio of -2.95 and a beta of 1.14. Team has a 52 week low of $12.34 and a 52 week high of $28.90.
Team (NYSE:TISI – Get Free Report) last announced its quarterly earnings results on Monday, August 10th. The business services provider reported ($1.73) earnings per share (EPS) for the quarter, beating the consensus estimate of ($5.94) by $4.21. The firm had revenue of $228.68 million during the quarter, compared to analyst estimates of $208.88 million.
Insider Buying and Selling
In related news, Director Anthony Horton acquired 2,000 shares of the stock in a transaction dated Monday, August 24th. The stock was bought at an average price of $22.90 per share, with a total value of $45,800.00. Following the completion of the transaction, the director directly owned 28,082 shares of the company’s stock, valued at approximately $643,077.80. The trade was a 7.67% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Clinton Roeder acquired 9,000 shares of the stock in a transaction dated Friday, August 21st. The shares were bought at an average cost of $22.89 per share, with a total value of $206,010.00. Following the transaction, the chief financial officer directly owned 9,000 shares of the company’s stock, valued at $206,010. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders acquired 23,500 shares of company stock worth $575,750. Insiders own 8.80% of the company’s stock.
Hedge Funds Weigh In On Team
A hedge fund recently raised its stake in Team stock. Dimensional Fund Advisors LP grew its position in Team, Inc. (NYSE:TISI – Free Report) by 6.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,952 shares of the business services provider’s stock after purchasing an additional 893 shares during the period. Dimensional Fund Advisors LP owned approximately 0.33% of Team worth $238,000 at the end of the most recent quarter. 46.57% of the stock is owned by institutional investors and hedge funds.
About Team
Team, Inc is an industrial services company that provides inspection, maintenance, repair and engineering support for critical infrastructure and operating assets. Its customers include companies in the refining, petrochemical, chemical, power generation, pipeline, energy and other industrial sectors.
The company’s services include nondestructive testing and inspection, mechanical repair, heat treatment, engineering and reliability services, valve and bolting services, emissions monitoring and control, and support for plant turnarounds and maintenance projects.