Team (NYSE:TISI) Director Anthony Horton Acquires 4,000 Shares

Team, Inc. (NYSE:TISI) Director Anthony Horton acquired 4,000 shares of the stock in a transaction dated Monday, November 17th. The stock was acquired at an average price of $15.68 per share, with a total value of $62,720.00. Following the completion of the acquisition, the director owned 9,082 shares in the company, valued at approximately $142,405.76. The trade was a 78.71% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Team Trading Up 2.0%

Shares of NYSE:TISI traded up $0.31 on Thursday, reaching $15.78. 1,094 shares of the company traded hands, compared to its average volume of 15,652. The stock has a market capitalization of $71.41 million, a P/E ratio of -1.35 and a beta of 1.58. The business’s 50-day simple moving average is $15.95 and its 200 day simple moving average is $17.85. Team, Inc. has a 52 week low of $11.12 and a 52 week high of $24.25.

Team (NYSE:TISI) last issued its earnings results on Wednesday, November 12th. The business services provider reported ($1.48) earnings per share for the quarter. The company had revenue of $224.98 million for the quarter. Team had a negative net margin of 6.01% and a negative return on equity of 753.94%.

Institutional Trading of Team

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Susquehanna International Group LLP boosted its stake in Team by 5.1% during the third quarter. Susquehanna International Group LLP now owns 17,263 shares of the business services provider’s stock worth $286,000 after acquiring an additional 834 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Team by 8.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 15,057 shares of the business services provider’s stock worth $250,000 after buying an additional 1,204 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Team by 1.7% in 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 last quarter. Manatuck Hill Partners LLC increased its position in Team by 16.1% during 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 in the last quarter. Finally, Barclays PLC raised its stake in Team by 3.5% during the third quarter. Barclays PLC now owns 299,528 shares of the business services provider’s stock valued at $4,966,000 after buying an additional 10,014 shares during the last quarter. 46.57% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Team in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Team presently has an average rating of “Sell”.

Team Company Profile

Team, Inc, together with its subsidiaries, provides a suite of conventional, specialized, and proprietary mechanical, heat-treating, and inspection services in the United States, Canada, Europe, and internationally. It operates through Inspection and Heat Treating (IHT) and Mechanical Services (MS) segments.