Geode Capital Management LLC boosted its stake in shares of Team, Inc. (NYSE:TISI) by 10.4% during the first quarter, Holdings Channel reports. The firm owned 233,103 shares of the business services provider’s stock after buying an additional 22,017 shares during the period. Geode Capital Management LLC’s holdings in Team were worth $6,305,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in TISI. Louisiana State Employees Retirement System increased its stake in shares of Team by 0.8% in the first quarter. Louisiana State Employees Retirement System now owns 12,000 shares of the business services provider’s stock valued at $325,000 after buying an additional 100 shares during the period. Arizona State Retirement System increased its stake in shares of Team by 1.3% in the first quarter. Arizona State Retirement System now owns 15,400 shares of the business services provider’s stock valued at $417,000 after buying an additional 200 shares during the period. Mason Street Advisors LLC increased its stake in shares of Team by 7.0% in the first quarter. Mason Street Advisors LLC now owns 6,897 shares of the business services provider’s stock valued at $187,000 after buying an additional 452 shares during the period. Bridge Creek Capital Management LLC increased its stake in shares of Team by 2.5% in the first quarter. Bridge Creek Capital Management LLC now owns 39,770 shares of the business services provider’s stock valued at $1,076,000 after buying an additional 975 shares during the period. Finally, Prudential Financial Inc. increased its stake in shares of Team by 1.8% in the first quarter. Prudential Financial Inc. now owns 63,251 shares of the business services provider’s stock valued at $1,711,000 after buying an additional 1,100 shares during the period. 93.67% of the stock is owned by institutional investors.

Team, Inc. (TISI) traded up 0.210% during midday trading on Wednesday, reaching $11.925. 185,501 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $21.36 and its 200-day moving average is $26.73. Team, Inc. has a 12-month low of $11.75 and a 12-month high of $39.70. The stock’s market capitalization is $355.53 million.

Team (NYSE:TISI) last released its quarterly earnings data on Monday, August 7th. The business services provider reported ($0.23) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.31 by $0.54. The business had revenue of $312.26 million during the quarter, compared to analyst estimates of $309.60 million. Team had a negative return on equity of 2.21% and a negative net margin of 2.83%. On average, equities analysts forecast that Team, Inc. will post ($0.14) earnings per share for the current year.

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A number of equities research analysts have commented on the stock. Stephens downgraded shares of Team from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $34.00 to $19.00 in a research report on Tuesday, July 25th. TheStreet downgraded shares of Team from a “c-” rating to a “d+” rating in a research report on Tuesday, July 25th. Zacks Investment Research raised shares of Team from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 18th. BidaskClub downgraded shares of Team from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. Finally, ValuEngine downgraded shares of Team from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $22.50.

About Team

Team, Inc is a provider of specialty industrial services, including inspection and assessment, required in maintaining high temperature and high pressure piping systems and vessels. The Company conducts its operations through three segments: Inspection and Heat Treating Services (IHT) Group, Mechanical Services (MS) Group and Quest Integrity (Quest Integrity) Group.

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Institutional Ownership by Quarter for Team (NYSE:TISI)

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