Team, Inc. (NYSE:TISI) Director Anthony R. Horton Buys 1,082 Shares

Team, Inc. (NYSE:TISI) Director Anthony R. Horton bought 1,082 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was purchased at an average cost of $15.24 per share, for a total transaction of $16,489.68. Following the completion of the acquisition, the director now owns 2,081 shares in the company, valued at approximately $31,714.44. This trade represents a 108.31 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Team Trading Up 1.3 %

Team stock opened at $16.41 on Thursday. The business has a 50 day moving average of $18.43 and a 200-day moving average of $12.63. The company has a quick ratio of 1.57, a current ratio of 1.80 and a debt-to-equity ratio of 17.55. Team, Inc. has a 1 year low of $5.05 and a 1 year high of $26.77.

Hedge Funds Weigh In On Team

Large investors have recently modified their holdings of the business. Renaissance Technologies LLC acquired a new stake in shares of Team in the second quarter valued at about $118,000. Barclays PLC lifted its position in shares of Team by 7.3% in the 3rd quarter. Barclays PLC now owns 274,706 shares of the business services provider’s stock worth $4,189,000 after purchasing an additional 18,733 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Team by 10.3% in the third quarter. Geode Capital Management LLC now owns 42,438 shares of the business services provider’s stock valued at $647,000 after buying an additional 3,973 shares during the period. Institutional investors own 46.57% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Team from a “buy” rating to a “strong-buy” rating in a research note on Wednesday.

Team Company Profile

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.