Team Health Holdings Inc. (NYSE:TMH) saw unusually-high trading volume on Wednesday . Approximately 667,239 shares were traded during trading, an increase of 7% from the previous session’s volume of 621,149 shares.The stock last traded at $34.38 and had previously closed at $35.24.

TMH has been the subject of a number of recent research reports. Jefferies Group upgraded Team Health Holdings from a “hold” rating to a “buy” rating and dropped their price objective for the stock from $49.00 to $47.00 in a research report on Thursday, August 11th. Canaccord Genuity reissued a “buy” rating on shares of Team Health Holdings in a research note on Tuesday, May 10th. Leerink Swann reissued a “buy” rating on shares of Team Health Holdings in a research note on Wednesday, August 3rd. SunTrust Banks Inc. decreased their price target on Team Health Holdings from $54.00 to $50.00 and set a “buy” rating on the stock in a research note on Thursday, August 4th. Finally, Barclays PLC reissued a “buy” rating on shares of Team Health Holdings in a research note on Sunday, July 10th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the stock. Team Health Holdings presently has a consensus rating of “Buy” and an average target price of $46.99.

The firm has a market cap of $2.56 billion and a P/E ratio of 57.12. The stock has a 50 day moving average of $40.25 and a 200-day moving average of $41.83.

Team Health Holdings (NYSE:TMH) last issued its earnings results on Tuesday, August 2nd. The company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.01. During the same period in the previous year, the company earned $0.70 earnings per share. The firm earned $1.12 billion during the quarter, compared to analyst estimates of $1.17 billion. The business’s revenue for the quarter was up 27.9% on a year-over-year basis. Analysts anticipate that Team Health Holdings Inc. will post $2.69 earnings per share for the current fiscal year.

A number of hedge funds and institutional investors have recently modified their holdings of TMH. 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 during the last quarter. Marshall Wace LLP purchased a new position in shares of Team Health Holdings during the fourth quarter valued at $8,147,000. 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 during the last quarter. 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 during the last quarter. Finally, 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 during 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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