Barclays PLC Sells 23,090 Shares of Team, Inc. (NYSE:TISI)

Barclays PLC lowered its stake in shares of Team, Inc. (NYSE:TISI - Free Report) by 8.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 251,616 shares of the business services provider's stock after selling 23,090 shares during the quarter. Barclays PLC owned about 5.61% of Team worth $3,190,000 at the end of the most recent quarter.

Separately, Geode Capital Management LLC increased its position in Team by 10.3% in the 3rd quarter. Geode Capital Management LLC now owns 42,438 shares of the business services provider's stock worth $647,000 after buying an additional 3,973 shares during the period. Institutional investors and hedge funds own 46.57% of the company's stock.

Team Stock Performance

Shares of NYSE:TISI traded up $0.47 on Monday, hitting $21.17. 6,227 shares of the company were exchanged, compared to its average volume of 22,116. The company's 50 day moving average price is $18.38 and its two-hundred day moving average price is $17.29. The firm has a market capitalization of $95.12 million, a price-to-earnings ratio of -1.72 and a beta of 1.60. The company has a debt-to-equity ratio of 17.55, a quick ratio of 1.57 and a current ratio of 1.80. Team, Inc. has a one year low of $6.53 and a one year high of $26.77.

Team (NYSE:TISI - Get Free Report) last issued its quarterly earnings results on Wednesday, March 19th. The business services provider reported ($0.82) earnings per share (EPS) for the quarter. Team had a negative net margin of 6.35% and a negative return on equity of 152.34%. The firm had revenue of $213.30 million for the quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Team from a "buy" rating to a "strong-buy" rating in a research report on Monday, March 24th.

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.