Team (NYSE:TISI) Director Anthony Horton Buys 2,000 Shares of Stock

Team, Inc. (NYSE:TISI) Director Anthony Horton bought 2,000 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The shares were purchased at an average cost of $23.15 per share, with a total value of $46,300.00. Following the purchase, the director directly owned 26,082 shares of the company’s stock, valued at approximately $603,798.30. This represents a 8.30% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Team Trading Up 4.5%

Shares of Team stock opened at $24.00 on Wednesday. Team, Inc. has a 52 week low of $12.34 and a 52 week high of $24.64. The stock has a market cap of $109.92 million, a PE ratio of -2.55 and a beta of 1.04. The company’s 50-day moving average price is $18.22 and its two-hundred day moving average price is $16.64.

Team (NYSE:TISI) last posted its quarterly earnings data on Monday, August 10th. The business services provider reported ($1.73) earnings per share for the quarter, beating the consensus estimate of ($5.94) by $4.21. The business had revenue of $228.68 million for the quarter, compared to the consensus estimate of $208.88 million.

Institutional Trading of Team

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its stake in Team by 6.4% during the first quarter. Dimensional Fund Advisors LP now owns 14,952 shares of the business services provider’s stock valued at $238,000 after buying an additional 893 shares in the last quarter. Barclays PLC lifted its position in shares of Team by 4.8% in the 4th quarter. Barclays PLC now owns 313,766 shares of the business services provider’s stock valued at $4,434,000 after acquiring an additional 14,238 shares in the last quarter. DG Capital Management LLC purchased a new stake in shares of Team in the 4th quarter valued at approximately $913,000. Corre Partners Management LLC boosted its stake in Team by 1.1% in 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 purchasing an additional 17,030 shares during the period. Finally, DRW Securities LLC acquired a new position in Team in the 4th quarter worth approximately $168,000. Institutional investors and hedge funds own 46.57% of the company’s stock.

Team News Roundup

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 Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed 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 MarketBeat, the company has an average rating of “Sell”.

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.