Voya Investment Management LLC lifted its position in shares of Team, Inc. (NYSE:TISI) by 10.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,880 shares of the business services provider’s stock after buying an additional 1,301 shares during the period. Voya Investment Management LLC’s holdings in Team were worth $325,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. TD Asset Management Inc. acquired a new position in shares of Team during the second quarter worth about $567,000. Dimensional Fund Advisors LP boosted its position in Team by 24.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,899,990 shares of the business services provider’s stock valued at $44,555,000 after purchasing an additional 378,375 shares during the last quarter. Thrivent Financial For Lutherans boosted its position in Team by 18.0% during the second quarter. Thrivent Financial For Lutherans now owns 990,226 shares of the business services provider’s stock valued at $23,221,000 after purchasing an additional 151,290 shares during the last quarter. BlackRock Inc. boosted its position in Team by 121,178.7% during the first quarter. BlackRock Inc. now owns 3,643,211 shares of the business services provider’s stock valued at $98,549,000 after purchasing an additional 3,640,207 shares during the last quarter. Finally, William Blair Investment Management LLC boosted its position in Team by 47.7% during the second quarter. William Blair Investment Management LLC now owns 294,166 shares of the business services provider’s stock valued at $6,898,000 after purchasing an additional 94,936 shares during the last quarter. 96.90% of the stock is owned by institutional investors.

In other Team news, Director Louis A. Waters acquired 17,500 shares of the company’s stock in a transaction on Wednesday, August 16th. The shares were purchased at an average price of $11.40 per share, for a total transaction of $199,500.00. Following the completion of the purchase, the director now directly owns 160,580 shares of the company’s stock, valued at $1,830,612. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Louis A. Waters acquired 12,500 shares of the company’s stock in a transaction on Tuesday, August 15th. The stock was acquired at an average price of $11.40 per share, for a total transaction of $142,500.00. Following the purchase, the director now directly owns 160,580 shares of the company’s stock, valued at $1,830,612. The disclosure for this purchase can be found here. Insiders have purchased 31,000 shares of company stock valued at $353,330 over the last three months. Insiders own 2.90% of the company’s stock.

Team, Inc. (NYSE:TISI) opened at $13.90 on Monday. Team, Inc. has a 52-week low of $10.45 and a 52-week high of $39.70. The company has a quick ratio of 2.32, a current ratio of 2.68 and a debt-to-equity ratio of 0.81.

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Several brokerages recently commented on TISI. Johnson Rice cut Team from a “buy” rating to a “hold” rating and reduced their price target for the company from $36.00 to $26.00 in a research report on Tuesday, July 25th. Stephens cut Team from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $34.00 to $19.00 in a research report on Tuesday, July 25th. Zacks Investment Research raised Team from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 18th. TheStreet cut Team from a “c-” rating to a “d+” rating in a research report on Tuesday, July 25th. Finally, BidaskClub cut Team from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The stock presently 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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