Brandywine Global Investment Management LLC acquired a new stake in Team, Inc. (NYSE:TISI) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 333,895 shares of the business services provider’s stock, valued at approximately $7,830,000. Brandywine Global Investment Management LLC owned about 1.12% of Team at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TISI. Strs Ohio acquired a new position in Team during the first quarter valued at approximately $229,000. Russell Investments Group Ltd. increased its stake in Team by 40.8% in the first quarter. Russell Investments Group Ltd. now owns 93,863 shares of the business services provider’s stock valued at $2,539,000 after purchasing an additional 27,208 shares in the last quarter. Great West Life Assurance Co. Can increased its stake in Team by 3.3% in the first quarter. Great West Life Assurance Co. Can now owns 40,048 shares of the business services provider’s stock valued at $1,083,000 after purchasing an additional 1,264 shares in the last quarter. US Bancorp DE raised its holdings in Team by 112.9% in the first quarter. US Bancorp DE now owns 16,481 shares of the business services provider’s stock worth $446,000 after purchasing an additional 8,740 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in Team by 7.1% in the first quarter. Bank of New York Mellon Corp now owns 356,776 shares of the business services provider’s stock worth $9,650,000 after purchasing an additional 23,630 shares during the period. Institutional investors and hedge funds own 96.87% of the company’s stock.

Shares of Team, Inc. (NYSE:TISI) opened at 13.75 on Tuesday. 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 $12.51 and its 200-day moving average price is $20.86. The firm’s market cap is $410.29 million.

Team (NYSE:TISI) last issued its quarterly earnings results on Monday, August 7th. The business services provider reported ($0.23) earnings per share (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 analyst estimates of $309.60 million. Team had a negative net margin of 2.83% and a negative return on equity of 2.22%. On average, analysts forecast that Team, Inc. will post ($0.52) EPS for the current year.

A number of equities analysts have recently weighed in on TISI shares. TheStreet cut shares of Team from a “c-” rating to a “d+” rating in a research report on Tuesday, July 25th. 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. Johnson Rice cut shares of Team from a “buy” rating to a “hold” rating and lowered their price objective for the company from $36.00 to $26.00 in a research report on Tuesday, July 25th. BidaskClub cut shares of Team from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. Finally, Zacks Investment Research upgraded shares of Team from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 18th. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $22.50.

In related news, Director Jeffery Gerald Davis acquired 5,000 shares of the business’s stock in a transaction dated Thursday, August 10th. The shares were bought at an average price of $10.96 per share, with a total value of $54,800.00. Following the transaction, the director now directly owns 13,869 shares of the company’s stock, valued at $152,004.24. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Louis A. Waters acquired 17,500 shares of the business’s stock in a transaction dated Wednesday, August 16th. The shares were bought at an average cost of $11.40 per share, for a total transaction of $199,500.00. Following the transaction, the director now directly owns 160,580 shares in the company, valued at $1,830,612. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 36,000 shares of company stock valued at $408,130. Insiders own 4.10% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This news story was first posted by Daily Political and is owned by of Daily Political. If you are reading this news story on another site, it was illegally stolen and reposted in violation of United States and international copyright laws. The legal version of this news story can be read at https://www.dailypolitical.com/2017/10/03/brandywine-global-investment-management-llc-acquires-new-holdings-in-team-inc-tisi.html.

Team 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.

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.