Team (NYSE:TISI) Director Anthony Horton Purchases 2,000 Shares

Team, Inc. (NYSE:TISI) Director Anthony Horton acquired 2,000 shares of the firm’s stock in a transaction on Tuesday, August 18th. The shares were bought at an average cost of $22.71 per share, with a total value of $45,420.00. Following the completion of the acquisition, the director owned 24,082 shares in the company, valued at $546,902.22. This represents a 9.06% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

Team Stock Performance

Shares of Team stock opened at $22.67 on Friday. The firm has a market cap of $103.83 million, a PE ratio of -2.41 and a beta of 1.04. The firm’s 50-day simple moving average is $17.98 and its 200-day simple moving average is $16.50. Team, Inc. has a 1 year low of $12.34 and a 1 year high of $24.44.

Team (NYSE:TISI) last issued its quarterly earnings results on Monday, August 10th. The business services provider reported ($1.73) EPS for the quarter, topping the consensus estimate of ($5.94) by $4.21. The company had revenue of $228.68 million for the quarter, compared to the consensus estimate of $208.88 million.

Team News Roundup

Here are the key news stories impacting Team this week:

• Positive Sentiment: Director Anthony R. Horton purchased 2,000 shares at an average price of $22.71, investing $45,420 and increasing his direct ownership by 9.06%. The open-market purchase may signal confidence in Team’s valuation and outlook. SEC insider transaction filing
• Positive Sentiment: Director Evan Lederman also bought 500 shares at $23.00, increasing his position by 7.6%. Two recent insider purchases could provide support for the shares by indicating that directors view the stock as attractive near current levels. Insider buying report
• Positive Sentiment: Team’s latest quarterly results were better than expected. The company reported a loss of $1.73 per share versus the anticipated loss of $5.94, while revenue of $228.68 million exceeded the $208.88 million consensus estimate. The earnings and revenue beats suggest stronger-than-expected execution, although they do not yet represent profitability.
• Neutral Sentiment: Institutional investors and hedge funds own approximately 46.6% of Team’s shares, and several reported modest increases in their holdings. This indicates ongoing institutional interest but does not constitute a new catalyst in the supplied news.
• Negative Sentiment: Team remains unprofitable, with a negative P/E ratio, and Weiss Ratings reaffirmed a “Sell” rating. MarketBeat reports an overall “Sell” consensus from analysts, which could weigh on the stock as investors assess whether the quarterly improvement can continue.
• Negative Sentiment: Because shares are trading near the 12-month high, some investors may be taking profits or requiring stronger evidence of sustained earnings improvement before bidding the stock higher.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Team in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Corre Partners Management LLC grew its position in shares of Team by 1.1% during the 4th quarter. Corre Partners Management LLC now owns 1,604,326 shares of the business services provider’s stock valued at $22,669,000 after buying an additional 17,030 shares during the last quarter. Barclays PLC boosted its stake in Team by 4.8% in the fourth quarter. Barclays PLC now owns 313,766 shares of the business services provider’s stock valued at $4,434,000 after acquiring an additional 14,238 shares during the period. Vanguard Group Inc. boosted its stake in Team by 1.7% in the third quarter. Vanguard Group Inc. now owns 162,570 shares of the business services provider’s stock valued at $2,695,000 after acquiring an additional 2,667 shares during the period. IES Holdings Inc. bought a new position in shares of Team during the fourth quarter valued at approximately $1,060,000. Finally, Manatuck Hill Partners LLC grew its holdings in shares of Team by 16.1% during the second quarter. Manatuck Hill Partners LLC now owns 72,075 shares of the business services provider’s stock valued at $1,312,000 after purchasing an additional 10,000 shares during the last quarter. 46.57% of the stock is owned by institutional investors and hedge funds.

About Team

Team, Inc (NYSE:TISI) designs, engineers and manufactures industrial screen printing and digital printing equipment for a variety of end markets. The company’s solutions are used primarily in textile decorating, apparel, signage and graphics, and specialty industrial applications. By combining precision mechanical design with automated controls, Team delivers systems that enhance production speed, print quality and repeatability for its customers.

Team’s product portfolio includes manual and automatic screen presses, inkjet UV LED curing systems, digital direct-to-garment printers and hybrid platforms that integrate multiple printing technologies.