Evan Lederman Purchases 500 Shares of Team (NYSE:TISI) Stock

Key Points

• Director Evan Lederman bought 500 Team shares at $23 each, investing $11,500 and increasing his holdings by 7.6% to 7,078 shares.
• Team shares recently traded at $23.11, near their 52-week high of $24.44. The company reported quarterly revenue of $228.68 million and an adjusted loss of $1.73 per share, beating analyst expectations.
• Despite institutional investors owning 46.57% of the stock, analyst sentiment remains negative: Weiss Ratings reiterated a “sell (D-)” rating, and the overall analyst consensus is “Sell.”

Team, Inc. (NYSE:TISI - Get Free Report) Director Evan Lederman purchased 500 shares of the business's stock in a transaction that occurred on Monday, August 17th. The stock was bought at an average cost of $23.00 per share, with a total value of $11,500.00. Following the acquisition, the director owned 7,078 shares of the company's stock, valued at approximately $162,794. The trade was a 7.60% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Team Price Performance

Shares of TISI stock traded down $0.21 during trading on Wednesday, hitting $23.11. 1,851 shares of the stock traded hands, compared to its average volume of 9,674. The firm has a market capitalization of $105.84 million, a P/E ratio of -2.45 and a beta of 1.04. Team, Inc. has a 52-week low of $12.34 and a 52-week high of $24.44. The firm's fifty day moving average price is $17.62 and its 200-day moving average price is $16.34.

Team (NYSE:TISI - Get Free Report) last released its quarterly earnings results on Monday, August 10th. The business services provider reported ($1.73) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($5.94) by $4.21. The company had revenue of $228.68 million during the quarter, compared to analysts' expectations of $208.88 million.

Institutional Trading of Team

A number of hedge funds and other institutional investors have recently made changes to their positions in TISI. Barclays PLC raised its position in 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 purchasing an additional 14,238 shares during the last quarter. Corre Partners Management LLC raised its holdings in shares of Team by 1.1% in the fourth quarter. Corre Partners Management LLC now owns 1,604,326 shares of the business services provider's stock valued at $22,669,000 after buying an additional 17,030 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Team by 1.7% during the third 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 period. Manatuck Hill Partners LLC grew its holdings in shares of Team by 16.1% during the second quarter. Manatuck Hill Partners LLC now owns 72,075 shares of the business services provider's stock worth $1,312,000 after buying an additional 10,000 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. Institutional investors and hedge funds own 46.57% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a "sell (d-)" rating on shares of Team in a report on Friday, July 17th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source