Team (NYSE:TISI) Receives New Coverage from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Team (NYSE:TISIGet Free Report) in a research note issued on Thursday. The brokerage set a “buy” rating on the business services provider’s stock.

Team Stock Up 14.2 %

TISI stock opened at $9.07 on Thursday. The company has a quick ratio of 1.62, a current ratio of 1.84 and a debt-to-equity ratio of 6.72. Team has a fifty-two week low of $3.53 and a fifty-two week high of $11.25. The firm’s 50-day simple moving average is $6.53 and its 200 day simple moving average is $7.01. The stock has a market cap of $40.09 million, a PE ratio of -0.52 and a beta of 1.81.

Team (NYSE:TISIGet Free Report) last released its quarterly earnings data on Thursday, March 7th. The business services provider reported ($3.18) earnings per share for the quarter. The firm had revenue of $214.13 million during the quarter. Team had a negative return on equity of 79.77% and a negative net margin of 8.78%.

Insider Activity

In other Team news, major shareholder Corre Partners Management, Llc acquired 5,250 shares of Team stock in a transaction dated Thursday, March 21st. The stock was bought at an average price of $6.26 per share, for a total transaction of $32,865.00. Following the transaction, the insider now owns 1,510,136 shares in the company, valued at approximately $9,453,451.36. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last quarter, insiders acquired 54,313 shares of company stock worth $338,516. Corporate insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Millennium Management LLC boosted its holdings in shares of Team by 672.0% during the second quarter. Millennium Management LLC now owns 456,688 shares of the business services provider’s stock worth $339,000 after purchasing an additional 397,535 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Team by 41.8% during the first quarter. Renaissance Technologies LLC now owns 400,710 shares of the business services provider’s stock worth $886,000 after purchasing an additional 118,049 shares during the period. Barclays PLC boosted its holdings in shares of Team by 16.6% during the third quarter. Barclays PLC now owns 215,000 shares of the business services provider’s stock worth $1,494,000 after purchasing an additional 30,591 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Team by 2.7% during the third quarter. Vanguard Group Inc. now owns 119,872 shares of the business services provider’s stock worth $833,000 after purchasing an additional 3,172 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Team by 401.8% during the second quarter. Goldman Sachs Group Inc. now owns 90,471 shares of the business services provider’s stock worth $67,000 after purchasing an additional 72,442 shares during the period. 46.57% of the stock is currently owned by institutional investors and hedge funds.

About Team

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Team, Inc, together with its subsidiaries, provides a suite of conventional, specialized, and proprietary mechanical, heat-treating, and inspection services in the United States, Canada, Europe, and internationally. It operates through Inspection and Heat Treating (IHT) and Mechanical Services (MS) segments.

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