Shares of Team Health Holdings Inc. (NYSE:TMH) saw an uptick in trading volume on Wednesday . 667,239 shares traded hands 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.

A number of analysts have recently weighed in on TMH shares. Canaccord Genuity restated a “buy” rating on shares of Team Health Holdings in a report on Tuesday, May 10th. Robert W. Baird restated a “hold” rating on shares of Team Health Holdings in a report on Monday, May 16th. Zacks Investment Research cut shares of Team Health Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, July 19th. Barclays PLC restated a “buy” rating on shares of Team Health Holdings in a report on Sunday, July 10th. Finally, Bank of America Corp. restated a “buy” rating and issued a $52.00 price target on shares of Team Health Holdings in a report on Tuesday, June 21st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $46.99.

The stock has a market cap of $2.56 billion and a price-to-earnings ratio of 57.12. The company has a 50 day moving average price of $40.07 and a 200 day moving average price of $41.78.

Team Health Holdings (NYSE:TMH) last posted 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 company had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.17 billion. The business’s quarterly revenue was up 27.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.70 EPS. Equities analysts forecast that Team Health Holdings Inc. will post $2.69 earnings per share for the current fiscal year.

Several hedge funds recently bought and sold shares of TMH. Trexquant Investment LP boosted its stake in 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 period. Employees Retirement System of Texas boosted 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 worth $2,238,000 after buying an additional 14,000 shares during the last quarter. Morgan Stanley boosted 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 worth $20,704,000 after buying an additional 188,956 shares during the last quarter. Finally, Jennison Associates LLC boosted 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 worth $57,912,000 after buying an additional 188,589 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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