Team, Inc. (TISI) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System trimmed its position in shares of Team, Inc. (NYSE:TISI) by 17.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 81,520 shares of the business services provider’s stock after selling 17,430 shares during the quarter. California Public Employees Retirement System’s holdings in Team were worth $1,883,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TISI. Nantahala Capital Management LLC bought a new position in shares of Team in the 2nd quarter valued at about $1,395,000. Legal & General Group Plc lifted its holdings in shares of Team by 6.2% in the 2nd quarter. Legal & General Group Plc now owns 59,228 shares of the business services provider’s stock valued at $1,350,000 after acquiring an additional 3,436 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Team by 7.4% in the 2nd quarter. BlackRock Inc. now owns 4,154,901 shares of the business services provider’s stock valued at $95,979,000 after acquiring an additional 286,802 shares during the last quarter. Royce & Associates LP lifted its holdings in shares of Team by 6.4% in the 2nd quarter. Royce & Associates LP now owns 1,141,251 shares of the business services provider’s stock valued at $26,363,000 after acquiring an additional 68,500 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its holdings in shares of Team by 14.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 344,380 shares of the business services provider’s stock valued at $7,956,000 after acquiring an additional 44,433 shares during the last quarter.

Shares of NYSE:TISI opened at $19.90 on Thursday. The company has a quick ratio of 2.50, a current ratio of 2.86 and a debt-to-equity ratio of 0.86. Team, Inc. has a 12 month low of $11.50 and a 12 month high of $25.55. The stock has a market capitalization of $577.61 million, a P/E ratio of -47.38 and a beta of 1.76.



Team (NYSE:TISI) last announced its quarterly earnings results on Tuesday, August 7th. The business services provider reported ($0.19) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.05) by ($0.14). Team had a negative net margin of 10.73% and a negative return on equity of 4.72%. The business had revenue of $343.89 million during the quarter, compared to the consensus estimate of $337.70 million. On average, sell-side analysts forecast that Team, Inc. will post -1.06 earnings per share for the current year.

A number of research analysts recently commented on TISI shares. ValuEngine raised shares of Team from a “hold” rating to a “buy” rating in a report on Thursday, July 5th. Zacks Investment Research raised shares of Team from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 10th. Finally, KeyCorp increased their price target on shares of Team from $24.00 to $28.00 and gave the company an “overweight” rating in a report on Friday, August 10th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Team presently has an average rating of “Buy” and an average target price of $26.00.

Team Company Profile

Team, Inc provides specialty industrial services in the United States, Canada, Europe, and internationally. The company operates through three segments: TeamQualspec Group (TeamQualspec), TeamFurmanite Group (TeamFurmanite), and Quest Integrity. The TeamQualspec segment offers non-destructive evaluation and testing, radiographic testing, ultrasonic testing, magnetic particle inspection, liquid penetrant inspection, positive material identification, electromagnetic testing, eddy current testing, and alternating current field measurement services.

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Institutional Ownership by Quarter for Team (NYSE:TISI)

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