Cullen Frost Bankers Inc. held its position in Team, Inc. (NYSE:TISI) during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 8,640 shares of the business services provider’s stock at the end of the second quarter. Cullen Frost Bankers Inc.’s holdings in Team were worth $203,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of TISI. Norges Bank bought a new position in shares of Team during the fourth quarter valued at approximately $7,031,000. Teachers Advisors LLC increased its position in shares of Team by 3.1% in the fourth quarter. Teachers Advisors LLC now owns 52,224 shares of the business services provider’s stock valued at $2,050,000 after buying an additional 1,571 shares in the last quarter. Bank of Montreal Can increased its position in shares of Team by 15.5% in the first quarter. Bank of Montreal Can now owns 16,840 shares of the business services provider’s stock valued at $456,000 after buying an additional 2,265 shares in the last quarter. Louisiana State Employees Retirement System increased its position 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 in the last quarter. Finally, Strs Ohio bought a new position in shares of Team during the first quarter valued at approximately $229,000. Institutional investors and hedge funds own 93.67% of the company’s stock.

Team, Inc. (NYSE:TISI) opened at 11.45 on Thursday. Team, Inc. has a 52 week low of $11.25 and a 52 week high of $39.70. The firm has a 50-day moving average price of $20.22 and a 200 day moving average price of $26.21. The company’s market cap is $341.37 million.

Team (NYSE:TISI) last issued its quarterly earnings results on Monday, August 7th. The business services provider reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of $0.31 by $0.54. The company had revenue of $312.26 million during the quarter, compared to analysts’ expectations of $309.60 million. Team had a negative return on equity of 2.22% and a negative net margin of 2.83%. Analysts expect that Team, Inc. will post ($0.14) EPS for the current fiscal year.

WARNING: “Cullen Frost Bankers Inc. Has $203,000 Stake in Team, Inc. (NYSE:TISI)” was published by Daily Political and is owned by of Daily Political. If you are viewing this news story on another domain, it was illegally stolen and republished in violation of US and international copyright & trademark laws. The original version of this news story can be accessed at https://www.dailypolitical.com/2017/08/10/cullen-frost-bankers-inc-has-203000-stake-in-team-inc-nysetisi.html.

TISI has been the subject of several analyst reports. Zacks Investment Research upgraded Team from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 10th. ValuEngine downgraded Team from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. Stephens downgraded 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 note on Tuesday, July 25th. Johnson Rice downgraded Team from a “buy” rating to a “hold” rating and cut their target price for the stock from $36.00 to $26.00 in a research note on Tuesday, July 25th. Finally, TheStreet downgraded Team from a “c-” rating to a “d+” rating in a research note on Tuesday, July 25th. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. Team has an average 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.

Want to see what other hedge funds are holding TISI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Team, Inc. (NYSE:TISI).

Institutional Ownership by Quarter for Team (NYSE:TISI)

Receive News & Ratings for Team Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Team Inc. and related companies with MarketBeat.com's FREE daily email newsletter.