Team (NYSE:TISI) Director Anthony Horton Buys 2,000 Shares

Team, Inc. (NYSE:TISI) Director Anthony Horton bought 2,000 shares of the stock in a transaction dated Monday, August 24th. The shares were purchased at an average cost of $22.90 per share, for a total transaction of $45,800.00. Following the completion of the transaction, the director directly owned 28,082 shares of the company’s stock, valued at $643,077.80. This trade represents a 7.67% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Team Trading Up 4.5%

NYSE TISI opened at $24.00 on Wednesday. The company has a fifty day simple moving average of $18.22 and a 200 day simple moving average of $16.64. Team, Inc. has a 12-month low of $12.34 and a 12-month high of $24.64. The company has a market cap of $109.92 million, a P/E ratio of -2.55 and a beta of 1.04.

Team (NYSE:TISI) last released its quarterly earnings data on Monday, August 10th. The business services provider reported ($1.73) earnings per share for the quarter, topping the consensus estimate of ($5.94) by $4.21. The business had revenue of $228.68 million for the quarter, compared to analyst estimates of $208.88 million.

Institutional Investors Weigh In On Team

A number of institutional investors and hedge funds have recently bought and sold shares of TISI. DRW Securities LLC purchased a new position in Team during the 4th quarter worth $168,000. Dimensional Fund Advisors LP raised its holdings in shares of Team by 6.4% in the first quarter. Dimensional Fund Advisors LP now owns 14,952 shares of the business services provider’s stock valued at $238,000 after purchasing an additional 893 shares during the last quarter. Susquehanna International Group LLP raised its holdings in shares of Team by 5.1% in the third quarter. Susquehanna International Group LLP now owns 17,263 shares of the business services provider’s stock valued at $286,000 after purchasing an additional 834 shares during the last quarter. DG Capital Management LLC bought a new position in shares of Team during the fourth quarter valued at about $913,000. Finally, IES Holdings Inc. bought a new position in shares of Team during the fourth quarter valued at about $1,060,000. 46.57% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Team in a research note on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Team has a consensus rating of “Sell”.

Team News Roundup

Here are the key news stories impacting Team this week:

• Positive Sentiment: Chief Financial Officer Clinton William Roeder purchased 9,000 shares for approximately $206,000 at an average price of $22.89. Director Anthony R. Horton also bought 2,000 shares on August 21 for roughly $46,000 and another 2,000 shares on August 24 for approximately $45,800. The purchases increased their respective ownership stakes and may signal that senior leaders view the recent share-price strength and turnaround prospects favorably. Team insider purchase SEC filing
• Positive Sentiment: Team’s most recently reported quarter exceeded expectations, with a smaller-than-expected loss and revenue of $228.68 million versus the $208.88 million analyst consensus. The results provide some fundamental support for the stock’s recent momentum, despite the company remaining unprofitable.
• Neutral Sentiment: The stock is trading near its 52-week high and well above its 50-day and 200-day moving averages. This reflects strong recent momentum, but it also leaves the shares more sensitive to disappointment if the turnaround does not progress.
• Negative Sentiment: During its latest earnings call, Team described a difficult quarter and outlined a turnaround plan. The discussion suggests that operational and financial problems remain unresolved, meaning investors may continue to focus on execution, cash flow and the company’s ability to return to profitability. Team Inc. Earnings Call Maps Painful Quarter, Turnaround Plan

Team Company Profile

Team, Inc (NYSE:TISI) designs, engineers and manufactures industrial screen printing and digital printing equipment for a variety of end markets. The company’s solutions are used primarily in textile decorating, apparel, signage and graphics, and specialty industrial applications. By combining precision mechanical design with automated controls, Team delivers systems that enhance production speed, print quality and repeatability for its customers.

Team’s product portfolio includes manual and automatic screen presses, inkjet UV LED curing systems, digital direct-to-garment printers and hybrid platforms that integrate multiple printing technologies.