Team, Inc. (TISI) Position Lowered by Energy Opportunities Capital Management LLC

Energy Opportunities Capital Management LLC reduced its stake in Team, Inc. (NYSE:TISI) by 2.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 46,000 shares of the business services provider’s stock after selling 1,075 shares during the quarter. Energy Opportunities Capital Management LLC owned about 0.15% of Team worth $1,079,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of TISI. State of Alaska Department of Revenue lifted its stake in shares of Team by 79.9% in the second quarter. State of Alaska Department of Revenue now owns 5,883 shares of the business services provider’s stock worth $137,000 after acquiring an additional 2,613 shares during the period. UBS Group AG lifted its stake in shares of Team by 21.6% in the first quarter. UBS Group AG now owns 5,642 shares of the business services provider’s stock worth $152,000 after acquiring an additional 1,003 shares during the period. Municipal Employees Retirement System of Michigan lifted its stake in shares of Team by 4.5% in the second quarter. Municipal Employees Retirement System of Michigan now owns 6,960 shares of the business services provider’s stock worth $163,000 after acquiring an additional 300 shares during the period. Mason Street Advisors LLC lifted its stake in shares of Team by 7.0% in the first quarter. Mason Street Advisors LLC now owns 6,897 shares of the business services provider’s stock worth $187,000 after acquiring an additional 452 shares during the period. Finally, BNP Paribas Arbitrage SA lifted its stake in shares of Team by 57.7% in the second quarter. BNP Paribas Arbitrage SA now owns 9,482 shares of the business services provider’s stock worth $222,000 after acquiring an additional 3,469 shares during the period. 96.87% of the stock is currently owned by institutional investors.

TISI has been the topic of a number of recent analyst reports. TheStreet lowered Team from a “c-” rating to a “d+” rating in a research note on Tuesday, July 25th. Stephens lowered Team from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $34.00 to $19.00 in a research note on Tuesday, July 25th. Johnson Rice lowered Team from a “buy” rating to a “hold” rating and cut their price objective for the stock from $36.00 to $26.00 in a research note on Tuesday, July 25th. Zacks Investment Research raised Team from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 18th. Finally, BidaskClub raised Team from a “strong sell” rating to a “sell” rating in a research note on Friday, August 25th. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $22.50.

In other Team news, Director Louis A. Waters acquired 12,500 shares of the company’s stock in a transaction on Tuesday, August 15th. The stock was acquired at an average price of $11.40 per share, for a total transaction of $142,500.00. Following the acquisition, the director now owns 160,580 shares in the company, valued at approximately $1,830,612. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Louis A. Waters acquired 17,500 shares of the company’s stock in a transaction on Wednesday, August 16th. The stock was acquired at an average price of $11.40 per share, with a total value of $199,500.00. Following the acquisition, the director now owns 160,580 shares in the company, valued at approximately $1,830,612. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 36,000 shares of company stock valued at $408,130. Company insiders own 4.10% of the company’s stock.

Shares of Team, Inc. (TISI) traded up 3.414% during trading on Friday, reaching $12.875. The company’s stock had a trading volume of 653,012 shares. The stock’s 50 day moving average price is $12.92 and its 200-day moving average price is $20.23. The stock’s market cap is $384.18 million. Team, Inc. has a 52-week low of $10.45 and a 52-week high of $39.70.

Team (NYSE:TISI) last released its quarterly earnings data on Monday, August 7th. The business services provider reported ($0.23) earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.54). Team had a negative return on equity of 2.22% and a negative net margin of 2.83%. The business had revenue of $312.26 million during the quarter, compared to analysts’ expectations of $309.60 million. Equities analysts anticipate that Team, Inc. will post ($0.52) EPS for the current year.

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Team Profile

Team, Inc is a provider of specialty industrial services, including inspection and assessment, required in maintaining high temperature and high pressure piping systems and vessels. The Company conducts its operations through three segments: Inspection and Heat Treating Services (IHT) Group, Mechanical Services (MS) Group and Quest Integrity (Quest Integrity) Group.

Institutional Ownership by Quarter for Team (NYSE:TISI)

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