UBS Group AG boosted its stake in shares of Team, Inc. (NYSE:TISI) by 21.6% during the first quarter, Holdings Channel reports. The firm owned 5,642 shares of the business services provider’s stock after buying an additional 1,003 shares during the period. UBS Group AG’s holdings in Team were worth $152,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Thrivent Financial For Lutherans raised its position in shares of Team by 252.3% in the first quarter. Thrivent Financial For Lutherans now owns 838,936 shares of the business services provider’s stock valued at $22,693,000 after buying an additional 600,810 shares during the period. Chartwell Investment Partners LLC purchased a new position in shares of Team during the first quarter valued at about $8,825,000. Royce & Associates LP raised its position in shares of Team by 47.3% in the first quarter. Royce & Associates LP now owns 666,651 shares of the business services provider’s stock valued at $18,033,000 after buying an additional 214,081 shares during the period. William Blair Investment Management LLC purchased a new position in shares of Team during the first quarter valued at about $5,389,000. Finally, Dimensional Fund Advisors LP raised its position in shares of Team by 14.2% in the first quarter. Dimensional Fund Advisors LP now owns 1,521,615 shares of the business services provider’s stock valued at $41,160,000 after buying an additional 189,525 shares during the period. 93.67% of the stock is owned by institutional investors.

Shares of Team, Inc. (TISI) traded up 0.44% during trading on Thursday, reaching $11.50. 96,639 shares of the company were exchanged. The firm’s market cap is $343.00 million. The stock’s 50-day moving average is $20.22 and its 200-day moving average is $26.21. Team, Inc. has a 52-week low of $11.25 and a 52-week high of $39.70.

Team (NYSE:TISI) last posted its quarterly earnings results on Monday, August 7th. The business services provider reported ($0.23) earnings per share for the quarter, missing the consensus estimate of $0.31 by $0.54. Team had a negative net margin of 2.83% and a negative return on equity of 2.22%. The company had revenue of $312.26 million during the quarter, compared to the consensus estimate of $309.60 million. Equities research analysts predict that Team, Inc. will post ($0.35) earnings per share for the current fiscal year.

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Several equities analysts have recently issued reports on TISI shares. ValuEngine lowered shares of Team from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Stephens lowered shares of Team from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $34.00 to $19.00 in a report on Tuesday, July 25th. Zacks Investment Research lowered shares of Team from a “hold” rating to a “strong sell” rating in a report on Friday, May 19th. Johnson Rice lowered shares of Team from a “buy” rating to a “hold” rating and decreased their price target for the company from $36.00 to $26.00 in a report on Tuesday, July 25th. Finally, TheStreet lowered shares of Team from a “c-” rating to a “d+” rating in a research note on Tuesday, July 25th. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. Team has an average 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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