TeamHealth Holdings Inc (TMH) Bonds Trading 1.3% Lower
An issue of TeamHealth Holdings Inc (NYSE:TMH) debt fell 1.3% against its face value during trading on Thursday. The debt issue has a 6.375% coupon and will mature on February 1, 2025. The bonds in the issue are now trading at $96.50 and were trading at $98.23 one week ago. Price changes in a company’s debt in credit markets often anticipate parallel changes in its share price.
Several research firms have issued reports on TMH. Royal Bank of Canada reiterated a “hold” rating and issued a $43.50 target price on shares of TeamHealth Holdings in a research note on Tuesday, January 3rd. Zacks Investment Research cut shares of TeamHealth Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, December 21st. Finally, Canaccord Genuity reiterated a “hold” rating and issued a $43.50 target price on shares of TeamHealth Holdings in a research note on Friday, January 13th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the stock. TeamHealth Holdings currently has a consensus rating of “Hold” and an average target price of $43.67.
Shares of TeamHealth Holdings Inc (NYSE:TMH) remained flat at $43.50 during trading on Thursday. TeamHealth Holdings Inc has a 52 week low of $30.83 and a 52 week high of $49.50. The company’s 50-day moving average price is $43.38 and its 200-day moving average price is $39.50.
A number of institutional investors have recently modified their holdings of TMH. 1832 Asset Management L.P. increased its position in shares of TeamHealth Holdings by 1.5% in the third quarter. 1832 Asset Management L.P. now owns 3,966,409 shares of the company’s stock valued at $128,779,000 after buying an additional 59,274 shares during the period. TimesSquare Capital Management LLC boosted its stake in shares of TeamHealth Holdings by 4.8% in the third quarter. TimesSquare Capital Management LLC now owns 2,565,984 shares of the company’s stock worth $83,548,000 after buying an additional 118,600 shares during the last quarter. CNH Partners LLC purchased a new stake in shares of TeamHealth Holdings during the fourth quarter worth approximately $101,501,000. BlackRock Fund Advisors boosted its stake in shares of TeamHealth Holdings by 5.2% in the third quarter. BlackRock Fund Advisors now owns 2,005,575 shares of the company’s stock worth $65,302,000 after buying an additional 98,397 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its stake in shares of TeamHealth Holdings by 4.5% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,822,675 shares of the company’s stock worth $59,346,000 after buying an additional 77,759 shares during the last quarter.
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About TeamHealth Holdings
Team Health Holdings, Inc is a United States-based physician services company. The Company supplies outsourced healthcare professional staffing and administrative services to hospitals and other healthcare providers in the United States. It operates through four segments: Hospital Based Services, IPC Healthcare, Specialty Services and Other Services.
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