Mercer Global Advisors Inc. ADV purchased a new stake in shares of Team, Inc. (NYSE:TISI) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 18,639 shares of the business services provider’s stock, valued at approximately $273,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mesirow Financial Investment Management Inc. boosted its holdings in shares of Team by 46.7% during the 1st quarter. Mesirow Financial Investment Management Inc. now owns 19,575 shares of the business services provider’s stock valued at $343,000 after purchasing an additional 6,231 shares during the last quarter. Walthausen & Co. LLC boosted its holdings in shares of Team by 5.8% during the 4th quarter. Walthausen & Co. LLC now owns 77,020 shares of the business services provider’s stock valued at $1,128,000 after purchasing an additional 4,240 shares during the last quarter. Millennium Management LLC bought a new position in shares of Team during the 4th quarter valued at about $404,000. Municipal Employees Retirement System of Michigan bought a new position in shares of Team during the 4th quarter valued at about $127,000. Finally, Metropolitan Life Insurance Co. NY boosted its holdings in shares of Team by 366.1% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 9,952 shares of the business services provider’s stock valued at $146,000 after purchasing an additional 7,817 shares during the last quarter.

Shares of NYSE TISI opened at $18.44 on Tuesday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.19 and a current ratio of 2.54. The stock has a market cap of $565.32 million, a PE ratio of -23.64 and a beta of 1.60. Team, Inc. has a 12-month low of $13.90 and a 12-month high of $25.55.

Team (NYSE:TISI) last announced its earnings results on Tuesday, March 12th. The business services provider reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.62. The firm had revenue of $309.80 million for the quarter, compared to analysts’ expectations of $316.80 million. Team had a negative net margin of 5.20% and a negative return on equity of 5.18%. As a group, sell-side analysts expect that Team, Inc. will post 0.1 EPS for the current year.

TISI has been the subject of several research reports. ValuEngine downgraded shares of Team from a “buy” rating to a “hold” rating in a report on Monday, February 4th. KeyCorp set a $23.00 price objective on shares of Team and gave the company a “buy” rating in a report on Tuesday, January 29th. Zacks Investment Research raised shares of Team from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a report on Thursday, March 14th. Finally, TheStreet raised shares of Team from a “d+” rating to a “c-” rating in a report on Monday, March 25th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $22.33.

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Team Profile

Team, Inc provides specialty industrial services in the United States, Canada, Europe, and internationally. It operates through three segments: Inspection and Heat Treating Group (IHT), Mechanical Services Group (MS), and Quest Integrity Group (Quest Integrity). The IHT segment offers non-destructive evaluation and testing, radiographic testing, ultrasonic testing, magnetic particle inspection, liquid penetrant inspection, positive material identification, electromagnetic testing, alternating current field measurement, and eddy current testing services.

Further Reading: Resistance Level

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Institutional Ownership by Quarter for Team (NYSE:TISI)

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