Schwab Charles Investment Management Inc. raised its position in Team, Inc. (NYSE:TISI) by 9.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 180,237 shares of the business services provider’s stock after buying an additional 14,810 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Team were worth $4,876,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. UBS Group AG raised its stake in shares of Team by 21.6% in the first quarter. UBS Group AG now owns 5,642 shares of the business services provider’s stock worth $152,000 after buying an additional 1,003 shares during the last quarter. Mason Street Advisors LLC raised 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 worth $187,000 after buying an additional 452 shares during the last quarter. Strs Ohio acquired a new stake in shares of Team during the first quarter worth approximately $229,000. Blair William & Co. IL acquired a new stake in shares of Team during the first quarter worth approximately $245,000. Finally, Pitcairn Co. raised its stake in shares of Team by 75.9% in the first quarter. Pitcairn Co. now owns 11,482 shares of the business services provider’s stock worth $310,000 after buying an additional 4,953 shares during the last quarter. 93.67% of the stock is owned by institutional investors.

Shares of Team, Inc. (NYSE TISI) traded up 0.210% during mid-day trading on Wednesday, reaching $11.925. The company had a trading volume of 272,256 shares. The stock’s market capitalization is $355.53 million. The firm has a 50-day moving average price of $21.36 and a 200-day moving average price of $26.73. Team, Inc. has a 1-year low of $11.75 and a 1-year high of $39.70.

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

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A number of analysts recently commented on the company. Zacks Investment Research raised Team from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 18th. BidaskClub lowered Team from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st. Johnson Rice lowered Team from a “buy” rating to a “hold” rating and dropped their price target for the stock from $36.00 to $26.00 in a research note on Tuesday, July 25th. Stephens lowered Team from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $34.00 to $19.00 in a research note on Tuesday, July 25th. Finally, ValuEngine lowered Team from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. Two analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. Team has a consensus rating of “Hold” and a consensus target price of $22.50.

Team Company Profile

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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