Nationwide Fund Advisors Cuts Position in Team Health Holdings Inc. (TMH)
Nationwide Fund Advisors decreased its position in shares of Team Health Holdings Inc. (NYSE:TMH) by 3.5% during the second quarter, Holdings Channel reports. The fund owned 57,437 shares of the company’s stock after selling 2,073 shares during the period. Nationwide Fund Advisors owned 0.08% of Team Health Holdings worth $2,336,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA increased its stake in Team Health Holdings by 711.6% in the second quarter. BNP Paribas Arbitrage SA now owns 3,206 shares of the company’s stock worth $130,000 after buying an additional 2,811 shares during the last quarter. Neuberger Berman Group LLC purchased a new stake in Team Health Holdings during the second quarter worth $219,000. OMERS ADMINISTRATION Corp purchased a new stake in Team Health Holdings during the first quarter worth $272,000. Gray Financial Group GA ADV ADV increased its stake in Team Health Holdings by 26.2% in the second quarter. Gray Financial Group GA ADV ADV now owns 7,028 shares of the company’s stock worth $286,000 after buying an additional 1,459 shares during the last quarter. Finally, Fox Run Management L.L.C. purchased a new stake in Team Health Holdings during the second quarter worth $305,000.
Team Health Holdings Inc. (NYSE:TMH) traded down 0.71% during trading on Tuesday, hitting $39.10. 73,754 shares of the stock traded hands. The firm has a 50-day moving average price of $34.07 and a 200 day moving average price of $40.18. Team Health Holdings Inc. has a 12 month low of $30.83 and a 12 month high of $63.56. The firm has a market cap of $2.90 billion, a PE ratio of 64.74 and a beta of 1.18.
Team Health Holdings (NYSE:TMH) last announced its earnings results on Tuesday, August 2nd. The company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.01. The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Team Health Holdings had a net margin of 0.74% and a return on equity of 29.71%. The business’s revenue was up 27.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.70 EPS. On average, equities analysts forecast that Team Health Holdings Inc. will post $2.68 EPS for the current fiscal year.
A number of research firms have weighed in on TMH. Zacks Investment Research downgraded Team Health Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, July 19th. Leerink Swann reaffirmed a “buy” rating on shares of Team Health Holdings in a research note on Wednesday, August 3rd. Jefferies Group set a $47.00 price objective on Team Health Holdings and gave the company a “buy” rating in a research note on Wednesday, September 7th. Bank of America Corp. reaffirmed a “buy” rating and set a $52.00 price objective on shares of Team Health Holdings in a research note on Tuesday, June 21st. Finally, Barclays PLC reaffirmed a “buy” rating on shares of Team Health Holdings in a research note on Sunday, July 10th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $47.27.
About Team Health Holdings
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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