Team (NYSE:TISI) Major Shareholder Corre Partners Management, Llc Purchases 1,076 Shares of Stock

Team, Inc. (NYSE:TISI) major shareholder Corre Partners Management, Llc bought 1,076 shares of the business’s stock in a transaction on Monday, December 8th. The stock was purchased at an average cost of $15.13 per share, with a total value of $16,279.88. Following the purchase, the insider owned 1,604,326 shares of the company’s stock, valued at $24,273,452.38. This represents a 0.07% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Corre Partners Management, Llc also recently made the following trade(s):

• On Friday, December 5th, Corre Partners Management, Llc purchased 1,320 shares of Team stock. The shares were acquired at an average cost of $14.78 per share, for a total transaction of $19,509.60.
• On Thursday, December 4th, Corre Partners Management, Llc acquired 600 shares of Team stock. The stock was acquired at an average price of $14.81 per share, with a total value of $8,886.00.
• On Wednesday, December 3rd, Corre Partners Management, Llc bought 700 shares of Team stock. The shares were acquired at an average cost of $14.89 per share, for a total transaction of $10,423.00.
• On Monday, December 1st, Corre Partners Management, Llc bought 13,334 shares of Team stock. The stock was acquired at an average price of $14.83 per share, for a total transaction of $197,743.22.

Team Stock Up 4.8%

Team stock opened at $15.30 on Tuesday. The firm has a fifty day simple moving average of $15.20 and a two-hundred day simple moving average of $17.25. Team, Inc. has a twelve month low of $11.12 and a twelve month high of $24.25. The company has a market capitalization of $69.31 million, a PE ratio of -1.29 and a beta of 1.19.

Team (NYSE:TISI) last released its quarterly earnings data on Wednesday, November 12th. The business services provider reported ($1.48) EPS for the quarter. The company had revenue of $224.98 million during the quarter. Team had a negative return on equity of 753.94% and a negative net margin of 5.95%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Susquehanna International Group LLP lifted its holdings in Team by 5.1% in the 3rd quarter. Susquehanna International Group LLP now owns 17,263 shares of the business services provider’s stock worth $286,000 after buying an additional 834 shares during the period. Barclays PLC lifted its stake in Team by 3.5% in the third quarter. Barclays PLC now owns 299,528 shares of the business services provider’s stock worth $4,966,000 after acquiring an additional 10,014 shares during the period. Dimensional Fund Advisors LP lifted its stake in Team by 8.7% in the third quarter. Dimensional Fund Advisors LP now owns 15,057 shares of the business services provider’s stock worth $250,000 after acquiring an additional 1,204 shares during the period. GSA Capital Partners LLP bought a new stake in Team in the third quarter valued at $188,000. Finally, Vanguard Group Inc. increased its position in Team by 1.7% during the 3rd quarter. Vanguard Group Inc. now owns 162,570 shares of the business services provider’s stock valued at $2,695,000 after purchasing an additional 2,667 shares during the period. Institutional investors own 46.57% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Team in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Team has a consensus rating of “Sell”.

Team Company Profile

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.