Team Health Holdings Inc. (NYSE:TMH) shares dropped 1.9% during mid-day trading on Friday . The stock traded as low as $36.05 and last traded at $36.22, with a volume of 687,354 shares changing hands. The stock had previously closed at $36.93.

TMH has been the topic of several research reports. Jefferies Group raised Team Health Holdings from a “hold” rating to a “buy” rating and dropped their price target for the company from $49.00 to $47.00 in a report on Thursday. Canaccord Genuity reaffirmed a “buy” rating on shares of Team Health Holdings in a report on Tuesday, May 10th. Leerink Swann reaffirmed a “buy” rating on shares of Team Health Holdings in a report on Wednesday, August 3rd. SunTrust Banks Inc. dropped their price target on Team Health Holdings from $54.00 to $50.00 and set a “buy” rating on the stock in a report on Thursday, August 4th. Finally, Barclays PLC reaffirmed a “buy” rating on shares of Team Health Holdings in a report on Sunday, July 10th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $50.67.

The company has a market cap of $2.69 billion and a price-to-earnings ratio of 59.98. The company’s 50-day moving average is $40.88 and its 200-day moving average is $41.98.

Team Health Holdings (NYSE:TMH) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.66 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.01. The business earned $1.12 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the prior year, the company earned $0.70 earnings per share. The company’s quarterly revenue was up 27.9% on a year-over-year basis. On average, equities analysts predict that Team Health Holdings Inc. will post $2.69 earnings per share for the current year.

A number of institutional investors have made changes to their positions in TMH. Trexquant Investment LP raised its position in shares of Team Health Holdings by 493.3% in the fourth quarter. Trexquant Investment LP now owns 44,494 shares of the company’s stock valued at $1,953,000 after buying an additional 36,994 shares in the last quarter. Employees Retirement System of Texas raised its position in shares of Team Health Holdings by 37.8% in the fourth quarter. Employees Retirement System of Texas now owns 51,000 shares of the company’s stock valued at $2,238,000 after buying an additional 14,000 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of Team Health Holdings during the fourth quarter valued at $8,147,000. Morgan Stanley raised its position in shares of Team Health Holdings by 66.8% in the fourth quarter. Morgan Stanley now owns 471,738 shares of the company’s stock valued at $20,704,000 after buying an additional 188,956 shares in the last quarter. Finally, Jennison Associates LLC raised its position in shares of Team Health Holdings by 16.7% in the fourth quarter. Jennison Associates LLC now owns 1,319,477 shares of the company’s stock valued at $57,912,000 after buying an additional 188,589 shares in the last quarter.

Team Health Holdings, Inc (TeamHealth) is a provider of outsourced healthcare professional staffing and administrative services to hospitals and other healthcare providers. The Company operates through four segments: Hospital Based Services, IPC Healthcare, Specialty Services and Other Services. The Hospital Based Services segment provides healthcare service programs to users of healthcare services on a fee for service, as well as a cost plus or contract basis.

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