Teachers Retirement System of The State of Kentucky maintained its position in Team, Inc. (NYSE:TISI) during the first quarter, Holdings Channel reports. The firm owned 10,500 shares of the business services provider’s stock at the end of the first quarter. Teachers Retirement System of The State of Kentucky’s holdings in Team were worth $284,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Norges Bank acquired a new position in Team during the fourth quarter valued at approximately $7,031,000. Teachers Advisors LLC raised its position in Team by 3.1% in the fourth quarter. Teachers Advisors LLC now owns 52,224 shares of the business services provider’s stock valued at $2,050,000 after buying an additional 1,571 shares during the period. Bank of Montreal Can raised its position in Team by 15.5% in the first quarter. Bank of Montreal Can now owns 16,840 shares of the business services provider’s stock valued at $456,000 after buying an additional 2,265 shares during the period. Louisiana State Employees Retirement System raised its position in Team by 0.8% in the first quarter. Louisiana State Employees Retirement System now owns 12,000 shares of the business services provider’s stock valued at $325,000 after buying an additional 100 shares during the period. Finally, Strs Ohio acquired a new position in Team during the first quarter valued at approximately $229,000. 93.67% of the stock is owned by institutional investors and hedge funds.

Team, Inc. (NYSE TISI) traded down 5.68% on Thursday, hitting $10.80. 501,008 shares of the stock traded hands. The stock has a 50-day moving average of $20.22 and a 200-day moving average of $26.21. The firm’s market cap is $322.12 million. Team, Inc. has a 12-month low of $10.70 and a 12-month high of $39.70.

Team (NYSE:TISI) last announced its earnings results on Monday, August 7th. The business services provider reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by $0.54. The firm had revenue of $312.26 million for the quarter, compared to analyst estimates of $309.60 million. Team had a negative return on equity of 2.22% and a negative net margin of 2.83%. Analysts forecast that Team, Inc. will post ($0.35) earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: “Team, Inc. (NYSE:TISI) Stake Maintained by Teachers Retirement System of The State of Kentucky” was published by Watch List News and is the property of of Watch List News. If you are reading this news story on another publication, it was illegally copied and republished in violation of United States & international copyright law. The legal version of this news story can be viewed at https://www.watchlistnews.com/team-inc-nysetisi-stake-maintained-by-teachers-retirement-system-of-the-state-of-kentucky/1471021.html.

Several research analysts have recently commented on TISI shares. Zacks Investment Research raised shares of Team from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 10th. ValuEngine lowered shares of Team from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Stephens lowered shares of Team from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $34.00 to $19.00 in a report on Tuesday, July 25th. Johnson Rice lowered shares of Team from a “buy” rating to a “hold” rating and decreased their price target for the company from $36.00 to $26.00 in a report on Tuesday, July 25th. Finally, TheStreet lowered shares of Team from a “c-” rating to a “d+” rating in a report on Tuesday, July 25th. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. Team presently has a consensus rating of “Hold” and a consensus target price of $22.50.

Team Company 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.

Want to see what other hedge funds are holding TISI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Team, Inc. (NYSE:TISI).

Institutional Ownership by Quarter for Team (NYSE:TISI)

Receive News & Ratings for Team Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Team Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.