WealthTrust Axiom LLC Trims Stake in Team, Inc. (NYSE:TISI)

WealthTrust Axiom LLC reduced its stake in shares of Team, Inc. (NYSE:TISI) by 2.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 206,703 shares of the business services provider’s stock after selling 5,029 shares during the quarter. Team accounts for 1.3% of WealthTrust Axiom LLC’s holdings, making the stock its 23rd largest position. WealthTrust Axiom LLC’s holdings in Team were worth $3,730,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Marshall Wace LLP purchased a new position in Team during the first quarter valued at approximately $41,000. Quantamental Technologies LLC purchased a new stake in shares of Team during the 2nd quarter valued at about $44,000. Nisa Investment Advisors LLC increased its position in shares of Team by 20.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 5,350 shares of the business services provider’s stock valued at $97,000 after purchasing an additional 900 shares during the last quarter. Aperio Group LLC purchased a new stake in shares of Team during the 2nd quarter valued at about $156,000. Finally, Delta Investment Management LLC purchased a new stake in shares of Team during the 2nd quarter valued at about $164,000.

In other news, Director Robert C. Skaggs, Jr. bought 2,000 shares of Team stock in a transaction that occurred on Thursday, August 22nd. The stock was bought at an average cost of $16.21 per share, with a total value of $32,420.00. Following the acquisition, the director now owns 1,600 shares of the company’s stock, valued at approximately $25,936. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.50% of the company’s stock.

Team stock traded up $0.20 during midday trading on Friday, hitting $17.89. The stock had a trading volume of 170,704 shares, compared to its average volume of 229,811. The firm’s fifty day moving average is $17.93 and its two-hundred day moving average is $16.41. The company has a market capitalization of $526.50 million, a PE ratio of -22.94 and a beta of 1.57. Team, Inc. has a 52-week low of $13.90 and a 52-week high of $20.79. The company has a current ratio of 2.39, a quick ratio of 2.08 and a debt-to-equity ratio of 0.93.

Team (NYSE:TISI) last released its earnings results on Tuesday, November 5th. The business services provider reported ($0.03) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.05). The firm had revenue of $290.08 million during the quarter, compared to analysts’ expectations of $323.30 million. Team had a positive return on equity of 1.07% and a negative net margin of 1.42%. As a group, equities research analysts predict that Team, Inc. will post -0.15 earnings per share for the current fiscal year.

Separately, Zacks Investment Research lowered shares of Team from a “buy” rating to a “hold” rating in a report on Tuesday.

About Team

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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Institutional Ownership by Quarter for Team (NYSE:TISI)

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