Team (NYSE:TISI) Director Anthony Horton Acquires 2,000 Shares

Key Points

• Director Anthony Horton purchased 2,000 Team shares at an average price of $23.15, investing $46,300 and increasing his stake by 8.3% to 26,082 shares.
• Team’s latest quarterly results beat expectations, reporting a loss of $1.73 per share versus the expected $5.94 loss and revenue of $228.68 million versus the $208.88 million consensus.
• Despite the earnings beat and a turnaround plan, Team remains unprofitable and faces execution and liquidity risks; the stock carries a consensus “Sell” rating, with 46.57% owned by institutional investors and hedge funds.

Team, Inc. (NYSE:TISI - Get Free Report) Director Anthony Horton purchased 2,000 shares of the firm's stock in a transaction dated Friday, August 21st. The stock was acquired at an average cost of $23.15 per share, for a total transaction of $46,300.00. Following the completion of the purchase, the director owned 26,082 shares of the company's stock, valued at approximately $603,798.30. This represents a 8.30% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

Team Trading Up 0.5%

TISI traded up $0.11 during mid-day trading on Tuesday, hitting $23.08. 1,700 shares of the stock were exchanged, compared to its average volume of 9,988. The company has a market cap of $105.71 million, a PE ratio of -2.45 and a beta of 1.04. Team, Inc. has a 1-year low of $12.34 and a 1-year high of $24.44. The firm's fifty day moving average is $18.09 and its two-hundred day moving average is $16.57.

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

Key Stories Impacting Team

Here are the key news stories impacting Team this week:

• Positive Sentiment: Management’s decision to openly address the company’s challenges and present a turnaround plan may reassure investors that corrective actions are underway. The company’s most recent quarterly results also exceeded analyst expectations for both EPS and revenue, providing some support for the recovery narrative.
• Neutral Sentiment: The call did not represent a completed recovery; investors will likely look for measurable progress in margins, earnings, liquidity and operating execution in upcoming quarters. Trading volume has been well below average, which can make price movements less reliable.
• Negative Sentiment: The “painful quarter” framing highlights continued operational and financial pressure. Team remains unprofitable based on its negative price-to-earnings ratio, and the turnaround plan introduces execution risk because improvements have not yet been demonstrated. Team Inc. Earnings Call Maps Painful Quarter, Turnaround Plan

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Corre Partners Management LLC lifted its stake 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 worth $22,669,000 after buying an additional 17,030 shares during the last quarter. Barclays PLC increased its holdings in Team by 4.8% during 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 in the last quarter. Vanguard Group Inc. lifted its position in Team by 1.7% during the 3rd quarter. Vanguard Group Inc. now owns 162,570 shares of the business services provider's stock valued at $2,695,000 after purchasing an additional 2,667 shares during the period. IES Holdings Inc. acquired a new stake in Team during the 4th quarter worth $1,060,000. Finally, Manatuck Hill Partners LLC raised its stake in shares of Team by 16.1% in 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 purchasing an additional 10,000 shares during the period. 46.57% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a "sell (d-)" rating on shares of Team in a report on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of "Sell".

Team Company Profile

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.

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