State Street Corp boosted its stake in Team, Inc. (NYSE:TISI) by 6.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 659,135 shares of the business services provider’s stock after buying an additional 38,029 shares during the period. State Street Corp’s holdings in Team were worth $17,833,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in Team by 121,178.7% in the first quarter. BlackRock Inc. now owns 3,643,211 shares of the business services provider’s stock valued at $98,549,000 after buying an additional 3,640,207 shares in the last quarter. Thrivent Financial For Lutherans raised its position in 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 in the last quarter. Chartwell Investment Partners LLC purchased a new position in Team during the first quarter valued at approximately $8,825,000. Royce & Associates LP raised its position in 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 in the last quarter. Finally, William Blair Investment Management LLC purchased a new position in Team during the first quarter valued at approximately $5,389,000. Institutional investors and hedge funds own 94.00% of the company’s stock.

Team, Inc. (TISI) traded up 4.622% on Thursday, reaching $11.613. The company had a trading volume of 234,063 shares. Team, Inc. has a 52-week low of $10.45 and a 52-week high of $39.70. The stock’s 50-day moving average price is $18.37 and its 200 day moving average price is $25.35. The firm’s market capitalization is $346.52 million.

Team (NYSE:TISI) last posted its quarterly earnings data on Monday, August 7th. The business services provider reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by $0.54. The firm had revenue of $312.26 million during the quarter, compared to analysts’ expectations of $309.60 million. Team had a negative net margin of 2.83% and a negative return on equity of 2.22%. On average, equities analysts anticipate that Team, Inc. will post ($0.52) earnings per share for the current fiscal year.

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TISI has been the subject of several research analyst reports. ValuEngine lowered Team from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Stephens lowered Team from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $34.00 to $19.00 in a research report on Tuesday, July 25th. Zacks Investment Research lowered Team from a “hold” rating to a “strong sell” rating in a research report on Friday, May 19th. Johnson Rice lowered Team from a “buy” rating to a “hold” rating and lowered their price target for the stock from $36.00 to $26.00 in a research report on Tuesday, July 25th. Finally, TheStreet lowered Team from a “c-” rating to a “d+” rating in a report on Tuesday, July 25th. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $22.50.

In other news, Director Louis A. Waters acquired 17,500 shares of the firm’s stock in a transaction on Wednesday, August 16th. The stock was bought at an average cost of $11.40 per share, with a total value of $199,500.00. Following the transaction, the director now directly owns 160,580 shares in the company, valued at approximately $1,830,612. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Louis A. Waters acquired 12,500 shares of the firm’s stock in a transaction on Tuesday, August 15th. The stock was purchased at an average cost of $11.40 per share, with a total value of $142,500.00. Following the completion of the transaction, the director now owns 160,580 shares in the company, valued at $1,830,612. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 35,000 shares of company stock valued at $396,800. 4.10% of the stock is currently owned by corporate insiders.

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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