Team (NYSE:TISI) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of Team (NYSE:TISI) in a report released on Wednesday. The firm issued a buy rating on the business services provider’s stock.

Team Stock Up 10.7 %

Shares of Team stock opened at $7.65 on Wednesday. The stock has a market capitalization of $33.81 million, a price-to-earnings ratio of -0.44 and a beta of 1.80. Team has a twelve month low of $3.53 and a twelve month high of $11.25. The company has a current ratio of 1.84, a quick ratio of 1.62 and a debt-to-equity ratio of 6.72. The business’s 50 day simple moving average is $6.38 and its 200-day simple moving average is $7.04.

Insider Buying and Selling at Team

In other news, major shareholder Corre Partners Management, Llc acquired 4,580 shares of the company’s stock in a transaction that occurred on Monday, March 25th. The shares were acquired at an average price of $6.90 per share, with a total value of $31,602.00. Following the acquisition, the insider now directly owns 1,519,417 shares in the company, valued at $10,483,977.30. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last three months, insiders have purchased 41,456 shares of company stock worth $247,231. 1.20% of the stock is owned by insiders.

Hedge Funds Weigh In On Team

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Millennium Management LLC boosted its position in Team by 672.0% during the 2nd quarter. Millennium Management LLC now owns 456,688 shares of the business services provider’s stock worth $339,000 after acquiring an additional 397,535 shares during the period. Renaissance Technologies LLC increased its stake in Team by 41.8% during the 1st quarter. Renaissance Technologies LLC now owns 400,710 shares of the business services provider’s stock valued at $886,000 after buying an additional 118,049 shares during the period. Barclays PLC raised its position in shares of Team by 16.6% during the 3rd quarter. Barclays PLC now owns 215,000 shares of the business services provider’s stock worth $1,494,000 after buying an additional 30,591 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Team by 2.7% in the 3rd quarter. Vanguard Group Inc. now owns 119,872 shares of the business services provider’s stock worth $833,000 after acquiring an additional 3,172 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake 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 valued at $67,000 after acquiring an additional 72,442 shares during the period. 46.57% of the stock is owned by institutional investors.

About Team

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.