Team (NYSE:TISI) Raised to “Hold” at Wall Street Zen

Team (NYSE:TISI) was upgraded by equities researchers at Wall Street Zen to a “hold” rating in a research note issued to investors on Saturday, Wall Street Zen reports.

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

Team Price Performance

Shares of Team stock opened at $27.48 on Friday. Team has a 1 year low of $12.34 and a 1 year high of $28.48. The firm has a market cap of $125.86 million, a price-to-earnings ratio of -2.92 and a beta of 1.14. The company has a 50-day moving average of $21.54 and a 200 day moving average of $18.15.

Team (NYSE:TISI) last posted its quarterly earnings data on Monday, August 10th. The business services provider reported ($1.73) EPS 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 the consensus estimate of $208.88 million.

Insider Activity

In other news, CFO Clinton Roeder acquired 8,000 shares of Team stock in a transaction on Thursday, September 3rd. The stock was acquired at an average cost of $27.59 per share, for a total transaction of $220,720.00. Following the purchase, the chief financial officer owned 17,000 shares in the company, valued at $469,030. This trade represents a 88.89% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Anthony Horton acquired 2,000 shares of Team stock in a transaction on Monday, August 24th. The shares were purchased at an average price of $22.90 per share, with a total value of $45,800.00. Following the completion of the purchase, the director owned 28,082 shares in the company, valued at $643,077.80. This represents a 7.67% increase in their position. The SEC filing for this purchase provides additional information. Insiders have purchased a total of 23,500 shares of company stock worth $575,750 over the last three months. 8.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Team

An institutional investor recently raised its stake in Team stock. Dimensional Fund Advisors LP boosted its holdings in Team, Inc. (NYSE:TISI) by 6.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,952 shares of the business services provider’s stock after acquiring an additional 893 shares during the quarter. Dimensional Fund Advisors LP owned 0.33% of Team worth $238,000 at the end of the most recent quarter. 46.57% of the stock is owned by institutional investors and hedge funds.

Team News Summary

Here are the key news stories impacting Team this week:

• Positive Sentiment: Team shares moved above the 200-day moving average, reinforcing the stock’s recent upward trend and potentially attracting momentum-oriented investors. Team Stock Crosses Above 200-Day Moving Average — What’s Next?

About Team

Team, Inc is an industrial services company that provides inspection, maintenance, repair and engineering support for critical infrastructure and operating assets. Its customers include companies in the refining, petrochemical, chemical, power generation, pipeline, energy and other industrial sectors.

The company’s services include nondestructive testing and inspection, mechanical repair, heat treatment, engineering and reliability services, valve and bolting services, emissions monitoring and control, and support for plant turnarounds and maintenance projects.