Team (NYSE:TISI) Director Purchases $62,720.00 in Stock

Team, Inc. (NYSE:TISI) Director Anthony Horton acquired 4,000 shares of the firm’s stock in a transaction dated Monday, November 17th. The shares were purchased at an average price of $15.68 per share, with a total value of $62,720.00. Following the acquisition, the director owned 9,082 shares of the company’s stock, valued at approximately $142,405.76. This represents a 78.71% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Team Stock Down 0.9%

Shares of TISI opened at $14.80 on Friday. The business’s fifty day moving average is $15.81 and its 200 day moving average is $17.78. Team, Inc. has a 12-month low of $11.12 and a 12-month high of $24.25. The stock has a market cap of $67.00 million, a P/E ratio of -1.27 and a beta of 1.58.

Team (NYSE:TISI) last released its quarterly earnings data on Wednesday, November 12th. The business services provider reported ($1.48) earnings per share for the quarter. Team had a negative return on equity of 753.94% and a negative net margin of 6.01%.The business had revenue of $224.98 million for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Team in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

Institutional Investors Weigh In On Team

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. 22NW LP bought a new stake in Team during the first quarter worth $589,000. AMH Equity Ltd increased its position in shares of Team by 72.8% during the 2nd quarter. AMH Equity Ltd now owns 80,000 shares of the business services provider’s stock valued at $1,456,000 after purchasing an additional 33,693 shares during the last quarter. Susquehanna International Group LLP raised its stake in shares of Team by 5.1% during the 3rd quarter. Susquehanna International Group LLP now owns 17,263 shares of the business services provider’s stock worth $286,000 after purchasing an additional 834 shares during the period. Barclays PLC raised its stake in shares of Team by 3.5% during the 3rd quarter. Barclays PLC now owns 299,528 shares of the business services provider’s stock worth $4,966,000 after purchasing an additional 10,014 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in shares of Team by 1.7% in the 3rd quarter. Vanguard Group Inc. now owns 162,570 shares of the business services provider’s stock worth $2,695,000 after buying an additional 2,667 shares during the last quarter. Hedge funds and other institutional investors own 46.57% of the company’s stock.

About Team

Team, Inc, together with its subsidiaries, provides a suite of conventional, specialized, and proprietary mechanical, heat-treating, and inspection services in the United States, Canada, Europe, and internationally. It operates through Inspection and Heat Treating (IHT) and Mechanical Services (MS) segments.