Wall Street Zen lowered shares of Team (NYSE:TISI - Free Report) from a strong-buy rating to a hold rating in a research note issued to investors on Thursday morning.
Team Stock Performance
TISI traded down $0.11 during trading on Thursday, hitting $19.76. 7,661 shares of the company traded hands, compared to its average volume of 22,646. The stock's fifty day moving average is $20.28 and its 200 day moving average is $17.45. The company has a quick ratio of 1.57, a current ratio of 1.80 and a debt-to-equity ratio of 17.55. Team has a one year low of $7.23 and a one year high of $26.77. The firm has a market cap of $88.76 million, a P/E ratio of -1.61 and a beta of 1.78.
Team (NYSE:TISI - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The business services provider reported ($3.31) earnings per share (EPS) for the quarter. Team had a negative return on equity of 152.34% and a negative net margin of 6.35%. The firm had revenue of $198.66 million during the quarter.
Hedge Funds Weigh In On Team
Several institutional investors and hedge funds have recently added to or reduced their stakes in TISI. JPMorgan Chase & Co. boosted its holdings in shares of Team by 11,511.8% during the 4th quarter. JPMorgan Chase & Co. now owns 1,974 shares of the business services provider's stock valued at $25,000 after acquiring an additional 1,957 shares during the last quarter. Dimensional Fund Advisors LP bought a new position in Team in the 4th quarter worth $140,000. 22NW LP bought a new stake in shares of Team during the first quarter valued at approximately $589,000. Northern Trust Corp grew its position in shares of Team by 52.6% during 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 in the last quarter. Finally, Geode Capital Management LLC boosted its stake in Team by 4.8% during the fourth quarter. Geode Capital Management LLC now owns 44,471 shares of the business services provider's stock valued at $564,000 after buying an additional 2,033 shares during the last quarter. Hedge funds and other institutional investors own 46.57% of the company's stock.
About Team
(
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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.
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