Wells Fargo & Company MN lowered its stake in shares of Team, Inc. (NYSE:TISI) by 83.5% during the third quarter, Holdings Channel reports. The fund owned 10,238 shares of the company’s stock after selling 51,771 shares during the period. Wells Fargo & Company MN’s holdings in Team were worth $334,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Capstone Asset Management Co. boosted its stake in Team by 1.4% in the third quarter. Capstone Asset Management Co. now owns 8,690 shares of the company’s stock valued at $284,000 after buying an additional 120 shares during the last quarter. BlackRock Advisors LLC boosted its stake in Team by 1.2% in the second quarter. BlackRock Advisors LLC now owns 14,227 shares of the company’s stock valued at $353,000 after buying an additional 173 shares during the last quarter. Nationwide Fund Advisors boosted its stake in Team by 1.0% in the second quarter. Nationwide Fund Advisors now owns 24,301 shares of the company’s stock valued at $603,000 after buying an additional 248 shares during the last quarter. US Bancorp DE boosted its stake in Team by 6.1% in the second quarter. US Bancorp DE now owns 6,046 shares of the company’s stock valued at $150,000 after buying an additional 347 shares during the last quarter. Finally, Swiss National Bank boosted its stake in Team by 3.5% in the second quarter. Swiss National Bank now owns 46,855 shares of the company’s stock valued at $1,163,000 after buying an additional 1,600 shares during the last quarter. Hedge funds and other institutional investors own 96.72% of the company’s stock.

Institutional Ownership by Quarter for Team (NYSE:TISI)

Shares of Team, Inc. (NYSE:TISI) traded up 2.82% during midday trading on Friday, reaching $34.60. 233,691 shares of the company traded hands. The stock has a 50 day moving average price of $36.29 and a 200 day moving average price of $32.10. Team, Inc. has a 1-year low of $21.61 and a 1-year high of $39.70. The firm’s market capitalization is $1.02 billion.

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Separately, Zacks Investment Research cut shares of Team from a “hold” rating to a “sell” rating in a research report on Tuesday, November 8th.

In other Team news, Director Philip J. Hawk sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, December 15th. The stock was sold at an average price of $36.16, for a total value of $1,084,800.00. Following the sale, the director now owns 113,010 shares in the company, valued at approximately $4,086,441.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Philip J. Hawk sold 60,000 shares of the company’s stock in a transaction that occurred on Thursday, December 8th. The stock was sold at an average price of $35.55, for a total value of $2,133,000.00. Following the completion of the sale, the director now owns 173,140 shares in the company, valued at approximately $6,155,127. The disclosure for this sale can be found here. 4.10% of the stock is owned by corporate insiders.

Team Company Profile

Team, Inc (Team) provides specialty industrial services, including inspection and assessment, required in maintaining high temperature and high pressure piping systems and vessels that are utilized in the refining, petrochemical, power, pipeline and other heavy industries. The Company conducts its operations in three segments: Inspection and Heat Treating Services (IHT) Group, Mechanical Services (MS) Group and Quest Integrity (Quest Integrity) Group.

5 Day Chart for NYSE:TISI

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