Comerica Bank grew its holdings in shares of Team, Inc. (NYSE:TISI) by 2.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,746 shares of the business services provider’s stock after acquiring an additional 797 shares during the period. Comerica Bank owned about 0.10% of Team worth $542,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in the company. Nisa Investment Advisors LLC bought a new position in Team in the first quarter worth about $72,000. Investors Research Corp bought a new stake in shares of Team during the first quarter valued at approximately $95,000. Bank of Montreal Can raised its holdings in shares of Team by 763.6% during the first quarter. Bank of Montreal Can now owns 7,341 shares of the business services provider’s stock valued at $128,000 after buying an additional 6,491 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Team by 18.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 8,120 shares of the business services provider’s stock valued at $119,000 after buying an additional 1,238 shares during the last quarter. Finally, Cullen Frost Bankers Inc. bought a new stake in shares of Team during the first quarter valued at approximately $151,000.
A number of equities research analysts have recently weighed in on the company. Zacks Investment Research cut Team from a “hold” rating to a “strong sell” rating in a report on Friday, May 10th. TheStreet upgraded shares of Team from a “d+” rating to a “c-” rating in a research note on Monday, March 25th. Finally, ValuEngine lowered shares of Team from a “buy” rating to a “hold” rating in a research note on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $22.33.
Team stock traded up $0.07 during mid-day trading on Friday, hitting $15.32. The company’s stock had a trading volume of 313,549 shares, compared to its average volume of 155,167. The company has a quick ratio of 1.86, a current ratio of 2.18 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $463.40 million, a PE ratio of -19.64 and a beta of 1.59. Team, Inc. has a twelve month low of $13.90 and a twelve month high of $25.55. The firm’s fifty day simple moving average is $14.91.
Team (NYSE:TISI) last posted its quarterly earnings results on Tuesday, May 7th. The business services provider reported ($0.66) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.35) by ($0.31). The business had revenue of $269.60 million during the quarter, compared to analyst estimates of $294.20 million. Team had a negative return on equity of 5.75% and a negative net margin of 5.86%. As a group, analysts anticipate that Team, Inc. will post -0.12 earnings per share for the current year.
Team, Inc provides specialty industrial services in the United States, Canada, Europe, and internationally. It operates through three segments: Inspection and Heat Treating Group (IHT), Mechanical Services Group (MS), and Quest Integrity Group (Quest Integrity). The IHT segment offers non-destructive evaluation and testing, radiographic testing, ultrasonic testing, magnetic particle inspection, liquid penetrant inspection, positive material identification, electromagnetic testing, alternating current field measurement, and eddy current testing services.
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