Brown Advisory Inc. Has $5,159,000 Stake in Team Inc. (TISI)
Brown Advisory Inc. lowered its position in Team Inc. (NYSE:TISI) by 52.3% during the second quarter, Holdings Channel reports. The fund owned 207,784 shares of the company’s stock after selling 227,794 shares during the period. Brown Advisory Inc. owned 0.72% of Team worth $5,159,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also made changes to their positions in TISI. Sii Investments Inc. WI increased its stake in shares of Team by 1.1% in the first quarter. Sii Investments Inc. WI now owns 20,160 shares of the company’s stock worth $609,000 after buying an additional 215 shares during the period. Nationwide Fund Advisors increased its stake in shares of Team by 1.0% in the second quarter. Nationwide Fund Advisors now owns 24,301 shares of the company’s stock worth $603,000 after buying an additional 248 shares during the period. Wedbush Securities Inc. increased its stake in shares of Team by 4.9% in the second quarter. Wedbush Securities Inc. now owns 9,964 shares of the company’s stock worth $247,000 after buying an additional 463 shares during the period. Swiss National Bank increased its stake in shares of Team by 3.5% in the second quarter. Swiss National Bank now owns 46,855 shares of the company’s stock worth $1,163,000 after buying an additional 1,600 shares during the period. Finally, Ngam Advisors L.P. increased its stake in shares of Team by 1.4% in the second quarter. Ngam Advisors L.P. now owns 116,771 shares of the company’s stock worth $2,899,000 after buying an additional 1,639 shares during the period. Hedge funds and other institutional investors own 91.91% of the company’s stock.
Shares of Team Inc. (NYSE:TISI) traded up 0.68% during trading on Tuesday, reaching $29.55. 17,833 shares of the company traded hands. The stock’s market capitalization is $866.61 million. The firm’s 50-day moving average is $30.72 and its 200-day moving average is $28.48. Team Inc. has a 12-month low of $21.61 and a 12-month high of $42.29.
Team (NYSE:TISI) last posted its earnings results on Monday, August 8th. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.39 by $0.02. Team had a return on equity of 6.80% and a net margin of 1.27%. On average, equities analysts predict that Team Inc. will post $1.08 earnings per share for the current fiscal year.
TISI has been the subject of a number of recent analyst reports. KeyCorp reaffirmed a “buy” rating on shares of Team in a report on Thursday, June 30th. Zacks Investment Research raised shares of Team from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 19th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Buy”.
In related news, CEO Ted W. Owen sold 2,717 shares of the business’s stock in a transaction that occurred on Monday, August 29th. The shares were sold at an average price of $31.86, for a total transaction of $86,563.62. Following the completion of the transaction, the chief executive officer now owns 54,030 shares of the company’s stock, valued at $1,721,395.80. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Emmett J. Lescroart sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 7th. The shares were sold at an average price of $31.72, for a total transaction of $951,600.00. Following the transaction, the director now directly owns 73,616 shares of the company’s stock, valued at approximately $2,335,099.52. The disclosure for this sale can be found here. 4.10% of the stock is currently owned by insiders.
Team, Inc (Team) provides specialty industrial services, including inspection and assessment, required in maintaining high temperature and high pressure piping systems and vessels that are utilized in the refining, petrochemical, power, pipeline and other heavy industries. The Company conducts its operations in three segments: Inspection and Heat Treating Services (IHT) Group, Mechanical Services (MS) Group and Quest Integrity (Quest Integrity) Group.
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