Thrivent Financial For Lutherans boosted its holdings in shares of Team, Inc. (NYSE:TISI) by 18.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 990,226 shares of the business services provider’s stock after purchasing an additional 151,290 shares during the quarter. Thrivent Financial For Lutherans owned about 3.32% of Team worth $23,221,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. UBS Group AG raised its stake in Team by 21.6% during the first quarter. UBS Group AG now owns 5,642 shares of the business services provider’s stock valued at $152,000 after purchasing an additional 1,003 shares in the last quarter. State of Alaska Department of Revenue raised its stake in Team by 79.9% during the second quarter. State of Alaska Department of Revenue now owns 5,883 shares of the business services provider’s stock valued at $137,000 after purchasing an additional 2,613 shares in the last quarter. Mason Street Advisors LLC raised its stake in Team by 7.0% during the first quarter. Mason Street Advisors LLC now owns 6,897 shares of the business services provider’s stock valued at $187,000 after purchasing an additional 452 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its stake in Team by 4.5% during the second quarter. Municipal Employees Retirement System of Michigan now owns 6,960 shares of the business services provider’s stock valued at $163,000 after purchasing an additional 300 shares in the last quarter. Finally, Strs Ohio purchased a new stake in Team during the first quarter valued at $229,000. 96.87% of the stock is currently owned by institutional investors.

A number of research firms recently issued reports on TISI. BidaskClub raised shares of Team from a “strong sell” rating to a “sell” rating in a research note on Friday, August 25th. TheStreet downgraded shares of Team from a “c-” rating to a “d+” rating in a research note on Tuesday, July 25th. Johnson Rice downgraded 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 research note on Tuesday, July 25th. Stephens downgraded 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 research note on Tuesday, July 25th. Finally, Zacks Investment Research raised shares of Team from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 18th. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $22.50.

In related news, Director Jeffery Gerald Davis purchased 5,000 shares of Team stock in a transaction dated Thursday, August 10th. The shares were acquired at an average price of $10.96 per share, for a total transaction of $54,800.00. Following the acquisition, the director now directly owns 13,869 shares in the company, valued at $152,004.24. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director Louis A. Waters purchased 17,500 shares of Team stock in a transaction dated Wednesday, August 16th. The shares were bought at an average price of $11.40 per share, for a total transaction of $199,500.00. Following the acquisition, the director now owns 160,580 shares in the company, valued at $1,830,612. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 36,000 shares of company stock worth $408,130. Insiders own 4.10% of the company’s stock.

Shares of Team, Inc. (NYSE TISI) traded down 1.49% during midday trading on Tuesday, hitting $13.25. 57,504 shares of the stock traded hands. The company’s 50 day moving average price is $12.26 and its 200-day moving average price is $21.89. The stock’s market cap is $395.37 million. Team, Inc. has a 12-month low of $10.45 and a 12-month high of $39.70.

Team (NYSE:TISI) last posted its quarterly earnings results on Monday, August 7th. The business services provider reported ($0.23) EPS for the quarter, missing the consensus estimate of $0.31 by ($0.54). Team had a negative return on equity of 2.22% and a negative net margin of 2.83%. The company had revenue of $312.26 million for the quarter, compared to analysts’ expectations of $309.60 million. On average, equities research analysts expect that Team, Inc. will post ($0.52) EPS for the current year.

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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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