Citadel Advisors LLC raised its holdings in shares of Team, Inc. (NYSE:TISI) by 341.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 429,994 shares of the business services provider’s stock after purchasing an additional 332,680 shares during the quarter. Citadel Advisors LLC owned approximately 1.44% of Team worth $5,740,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TISI. UBS Group AG lifted its holdings in shares of Team by 21.6% in the first quarter. UBS Group AG now owns 5,642 shares of the business services provider’s stock worth $152,000 after buying an additional 1,003 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of Team by 79.9% in the second quarter. State of Alaska Department of Revenue now owns 5,883 shares of the business services provider’s stock worth $137,000 after buying an additional 2,613 shares in the last quarter. Municipal Employees Retirement System of Michigan lifted its holdings in shares of Team by 4.5% in the second quarter. Municipal Employees Retirement System of Michigan now owns 6,960 shares of the business services provider’s stock worth $163,000 after buying an additional 300 shares in the last quarter. BNP Paribas Arbitrage SA lifted its holdings in shares of Team by 57.7% in the second quarter. BNP Paribas Arbitrage SA now owns 9,482 shares of the business services provider’s stock worth $222,000 after buying an additional 3,469 shares in the last quarter. Finally, 1st Global Advisors Inc. purchased a new stake in shares of Team in the second quarter worth about $236,000. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Team, Inc. (TISI) traded up $0.55 during mid-day trading on Thursday, hitting $14.45. 574,400 shares of the company traded hands, compared to its average volume of 489,297. The company has a current ratio of 2.68, a quick ratio of 2.32 and a debt-to-equity ratio of 0.81. Team, Inc. has a one year low of $10.45 and a one year high of $39.70.

A number of brokerages have recently issued reports on TISI. Zacks Investment Research downgraded shares of Team from a “hold” rating to a “sell” rating in a report on Thursday, November 16th. BidaskClub raised shares of Team from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. Finally, Johnson Rice raised shares of Team from a “hold” rating to an “accumulate” rating in a report on Wednesday, November 8th. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $22.50.

In related news, insider Greg L. Boane acquired 2,890 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The shares were bought at an average cost of $13.78 per share, for a total transaction of $39,824.20. Following the completion of the transaction, the insider now owns 8,447 shares in the company, valued at $116,399.66. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.90% of the stock is currently owned by corporate insiders.

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Team Profile

Team, Inc is a provider of specialty industrial services, including inspection and assessment, required in maintaining high temperature and high pressure piping systems and vessels. The Company conducts its operations through three segments: Inspection and Heat Treating Services (IHT) Group, Mechanical Services (MS) Group and Quest Integrity (Quest Integrity) Group.

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Institutional Ownership by Quarter for Team (NYSE:TISI)

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