Team (NYSE:TISI) Receives New Coverage from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Team (NYSE:TISI) in a report released on Saturday morning. The brokerage issued a buy rating on the business services provider’s stock.

Team Price Performance

Team stock opened at $6.75 on Friday. The company has a debt-to-equity ratio of 6.72, a current ratio of 1.84 and a quick ratio of 1.62. The firm has a 50 day moving average price of $6.74 and a 200-day moving average price of $6.98. Team has a twelve month low of $3.53 and a twelve month high of $11.25.

Team (NYSE:TISI) last released its earnings results on Thursday, March 7th. The business services provider reported ($3.18) earnings per share (EPS) for the quarter. Team had a negative return on equity of 79.77% and a negative net margin of 8.78%. The firm had revenue of $214.13 million during the quarter.

Insider Transactions at Team

In other Team news, major shareholder Corre Partners Management, Llc purchased 12,857 shares of the company’s stock in a transaction that occurred on Thursday, March 28th. The shares were bought at an average cost of $7.10 per share, for a total transaction of $91,284.70. Following the purchase, the insider now owns 1,542,367 shares of the company’s stock, valued at approximately $10,950,805.70. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders acquired 54,313 shares of company stock worth $338,516 over the last quarter. Corporate insiders own 0.74% of the company’s stock.

Institutional Trading of Team

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Millennium Management LLC increased its holdings in Team by 672.0% during the 2nd quarter. Millennium Management LLC now owns 456,688 shares of the business services provider’s stock worth $339,000 after acquiring an additional 397,535 shares during the period. Renaissance Technologies LLC increased its holdings in shares of Team by 41.8% in the first quarter. Renaissance Technologies LLC now owns 400,710 shares of the business services provider’s stock worth $886,000 after purchasing an additional 118,049 shares during the period. Barclays PLC increased its holdings in shares of Team by 16.6% in the third quarter. Barclays PLC now owns 215,000 shares of the business services provider’s stock worth $1,494,000 after purchasing an additional 30,591 shares during the period. Vanguard Group Inc. raised its position in shares of Team by 2.7% in the third quarter. Vanguard Group Inc. now owns 119,872 shares of the business services provider’s stock worth $833,000 after buying an additional 3,172 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in Team by 401.8% during the second quarter. Goldman Sachs Group Inc. now owns 90,471 shares of the business services provider’s stock valued at $67,000 after buying an additional 72,442 shares during the period. 46.57% of the stock is currently owned by institutional investors.

About Team

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.