Dynamic Technology Lab Private Ltd increased its stake in Team Health Holdings Inc. (NYSE:TMH) by 27.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,297 shares of the company’s stock after buying an additional 2,241 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Team Health Holdings were worth $419,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BNP Paribas Arbitrage SA boosted its stake in shares of Team Health Holdings by 711.6% in the second quarter. BNP Paribas Arbitrage SA now owns 3,206 shares of the company’s stock valued at $130,000 after buying an additional 2,811 shares during the period. Neuberger Berman Group LLC purchased a new stake in shares of Team Health Holdings during the second quarter valued at $219,000. OMERS ADMINISTRATION Corp purchased a new stake in shares of Team Health Holdings during the first quarter valued at $272,000. Gray Financial Group GA ADV ADV boosted its stake in shares of Team Health Holdings by 26.2% in the second quarter. Gray Financial Group GA ADV ADV now owns 7,028 shares of the company’s stock valued at $286,000 after buying an additional 1,459 shares during the period. Finally, Denver Investment Advisors LLC boosted its stake in shares of Team Health Holdings by 3.6% in the second quarter. Denver Investment Advisors LLC now owns 7,200 shares of the company’s stock valued at $293,000 after buying an additional 250 shares during the period.

Shares of Team Health Holdings Inc. (NYSE:TMH) opened at 31.53 on Thursday. The stock has a market capitalization of $2.34 billion, a price-to-earnings ratio of 52.20 and a beta of 1.22. Team Health Holdings Inc. has a 12 month low of $31.07 and a 12 month high of $63.56. The firm’s 50 day moving average is $34.64 and its 200 day moving average is $40.96.

Team Health Holdings (NYSE:TMH) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.66 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.01. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.17 billion. Team Health Holdings had a return on equity of 29.71% and a net margin of 0.74%. The business’s revenue was up 27.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.70 EPS. On average, equities analysts predict that Team Health Holdings Inc. will post $2.68 earnings per share for the current fiscal year.

A number of analysts have weighed in on TMH shares. Jefferies Group raised shares of Team Health Holdings from a “hold” rating to a “buy” rating and cut their price objective for the stock from $49.00 to $47.00 in a report on Thursday, August 11th. Leerink Swann restated an “outperform” rating and set a $40.00 target price (down from $56.00) on shares of Team Health Holdings in a research report on Friday, August 26th. Canaccord Genuity restated a “buy” rating and set a $2.80 target price on shares of Team Health Holdings in a research report on Wednesday, August 17th. Bank of America Corp. restated a “buy” rating and set a $52.00 target price on shares of Team Health Holdings in a research report on Tuesday, June 21st. Finally, Barclays PLC restated a “buy” rating on shares of Team Health Holdings in a research report on Sunday, July 10th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the stock. Team Health Holdings currently has a consensus rating of “Buy” and an average price target of $48.87.

About Team Health Holdings

Team Health Holdings, Inc (TeamHealth) is a provider of outsourced healthcare professional staffing and administrative services to hospitals and other healthcare providers. The Company operates through four segments: Hospital Based Services, IPC Healthcare, Specialty Services and Other Services. The Hospital Based Services segment provides healthcare service programs to users of healthcare services on a fee for service, as well as a cost plus or contract basis.

5 Day Chart for NYSE:TMH

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