34,835 Shares in Team, Inc. $TISI Purchased by 22NW LP

Key Points

• 22NW LP has acquired a new stake in Team, Inc. worth approximately $589,000, constituting 0.4% of its portfolio and making it the 20th largest position in their holdings.
• Recent changes in institutional investments include Dimensional Fund Advisors LP purchasing a new stake of $140,000 and Northern Trust Corp increasing its position by 52.6%, owning 35,966 shares valued at $456,000.
• Wall Street Zen has downgraded Team, Inc. from a "strong-buy" to a "hold" rating amidst financial metrics revealing a negative PE ratio of -1.60 and a negative return on equity exceeding 750%.

22NW LP bought a new stake in Team, Inc. (NYSE:TISI - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 34,835 shares of the business services provider's stock, valued at approximately $589,000. Team comprises approximately 0.4% of 22NW LP's investment portfolio, making the stock its 20th largest holding. 22NW LP owned about 0.78% of Team at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of TISI. Northern Trust Corp grew its holdings in Team by 52.6% in the fourth quarter. Northern Trust Corp now owns 35,966 shares of the business services provider's stock valued at $456,000 after purchasing an additional 12,400 shares during the last quarter. Manatuck Hill Partners LLC grew its holdings in Team by 23.0% in the fourth quarter. Manatuck Hill Partners LLC now owns 62,075 shares of the business services provider's stock valued at $787,000 after purchasing an additional 11,625 shares during the last quarter. Dimensional Fund Advisors LP acquired a new stake in Team in the fourth quarter valued at $140,000. Geode Capital Management LLC grew its holdings in Team by 4.8% in the fourth quarter. Geode Capital Management LLC now owns 44,471 shares of the business services provider's stock valued at $564,000 after purchasing an additional 2,033 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Team by 11,511.8% in the fourth quarter. JPMorgan Chase & Co. now owns 1,974 shares of the business services provider's stock valued at $25,000 after purchasing an additional 1,957 shares during the last quarter. Institutional investors and hedge funds own 46.57% of the company's stock.

Insider Activity

In other Team news, major shareholder Corre Partners Management, Llc bought 5,856 shares of Team stock in a transaction that occurred on Tuesday, June 3rd. The shares were purchased at an average cost of $19.07 per share, for a total transaction of $111,673.92. Following the completion of the transaction, the insider owned 1,566,989 shares of the company's stock, valued at $29,882,480.23. This represents a 0.38% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Evan S. Lederman sold 1,650 shares of the stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $18.04, for a total value of $29,766.00. Following the transaction, the director owned 5,878 shares in the company, valued at $106,039.12. This trade represents a 21.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have purchased 27,776 shares of company stock worth $525,907 over the last quarter. 3.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Separately, Wall Street Zen lowered Team from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 22nd.

Team Price Performance

Shares of TISI traded up $0.63 during trading hours on Tuesday, reaching $19.63. 9,821 shares of the company traded hands, compared to its average volume of 6,755. The company has a quick ratio of 1.72, a current ratio of 1.97 and a debt-to-equity ratio of 183.33. The stock has a market capitalization of $88.29 million, a PE ratio of -1.68 and a beta of 1.86. Team, Inc. has a fifty-two week low of $11.12 and a fifty-two week high of $26.77. The stock has a fifty day simple moving average of $18.07 and a 200 day simple moving average of $18.57.

Team (NYSE:TISI - Get Free Report) last posted its quarterly earnings data on Tuesday, August 12th. The business services provider reported ($0.20) EPS for the quarter. The company had revenue of $248.03 million for the quarter. Team had a negative net margin of 6.01% and a negative return on equity of 753.94%.

Team 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.