Manatuck Hill Partners LLC Trims Stock Position in Team, Inc. $TISI

Manatuck Hill Partners LLC cut its stake in shares of Team, Inc. (NYSE:TISI) by 69.2% in the 4th quarter, Holdings Channel reports. The fund owned 22,182 shares of the business services provider’s stock after selling 49,893 shares during the quarter. Manatuck Hill Partners LLC’s holdings in Team were worth $313,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TISI. DRW Securities LLC purchased a new stake in Team during the 4th quarter valued at approximately $168,000. GSA Capital Partners LLP purchased a new stake in Team during the 3rd quarter valued at approximately $188,000. Dimensional Fund Advisors LP raised its stake in Team by 8.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 15,057 shares of the business services provider’s stock valued at $250,000 after acquiring an additional 1,204 shares during the last quarter. Susquehanna International Group LLP raised 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 acquiring an additional 834 shares during the last quarter. Finally, DG Capital Management LLC purchased a new stake in Team during the 4th quarter valued at approximately $913,000. 46.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Team in a research note on Monday, April 20th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

Key Stories Impacting Team

Here are the key news stories impacting Team this week:

• Neutral Sentiment: No recent announcement for Team, Inc. was included in the feed, so there is no obvious earnings, guidance, contract, or financing news to explain the move.
• Neutral Sentiment: The stock may be following broader market interest in “team”/business-services headlines, but the listed articles are about other companies and topics, not TISI.
• Positive Sentiment: Team, Inc. recently reported quarterly results that beat expectations on both earnings and revenue, which may continue to support sentiment even without new headlines. TISI stock and earnings background

Insider Buying and Selling

In other Team news, Director Edward J. Stenger bought 3,583 shares of the business’s stock in a transaction dated Tuesday, March 24th. The stock was acquired at an average cost of $16.31 per share, with a total value of $58,438.73. Following the purchase, the director owned 14,890 shares in the company, valued at approximately $242,855.90. This represents a 31.69% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Gary L. Hill bought 6,250 shares of the business’s stock in a transaction dated Monday, June 1st. The shares were acquired at an average cost of $16.00 per share, with a total value of $100,000.00. Following the completion of the purchase, the chief executive officer owned 51,687 shares in the company, valued at approximately $826,992. This represents a 13.76% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders have bought 17,650 shares of company stock valued at $283,853. Company insiders own 8.80% of the company’s stock.

Team Trading Up 0.4%

Shares of TISI stock opened at $17.00 on Thursday. The company has a market cap of $77.71 million, a price-to-earnings ratio of -2.07 and a beta of 1.03. The stock has a 50 day simple moving average of $16.70 and a 200-day simple moving average of $15.34. Team, Inc. has a 12-month low of $12.34 and a 12-month high of $21.33.

Team (NYSE:TISI) last issued its earnings results on Wednesday, May 13th. The business services provider reported ($2.76) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($5.94) by $3.18. The business had revenue of $215.06 million for the quarter, compared to analysts’ expectations of $208.88 million.

About Team

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.