Wedbush Securities Inc. bought a new stake in shares of Team, Inc. (NYSE:TISI) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 25,739 shares of the business services provider’s stock, valued at approximately $344,000. Wedbush Securities Inc. owned approximately 0.09% of Team at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Prudential Financial Inc. raised its position in shares of Team by 1.8% in the 1st quarter. Prudential Financial Inc. now owns 63,251 shares of the business services provider’s stock worth $1,711,000 after purchasing an additional 1,100 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Team by 3.6% in the 1st quarter. Principal Financial Group Inc. now owns 224,192 shares of the business services provider’s stock worth $6,064,000 after purchasing an additional 7,881 shares during the last quarter. Teachers Advisors LLC raised its position in shares of Team by 6.4% in the 1st quarter. Teachers Advisors LLC now owns 55,547 shares of the business services provider’s stock worth $1,503,000 after purchasing an additional 3,323 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Team by 5.9% in the 1st quarter. Vanguard Group Inc. now owns 2,532,490 shares of the business services provider’s stock worth $68,504,000 after purchasing an additional 141,530 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Team by 10.4% in the 1st quarter. Geode Capital Management LLC now owns 233,103 shares of the business services provider’s stock worth $6,305,000 after purchasing an additional 22,017 shares during the last quarter. Hedge funds and other institutional investors own 96.60% of the company’s stock.

Team, Inc. (TISI) opened at $12.40 on Tuesday. Team, Inc. has a 52-week low of $10.45 and a 52-week high of $39.70. The company has a quick ratio of 2.23, a current ratio of 2.58 and a debt-to-equity ratio of 0.69.

Team (NYSE:TISI) last announced its quarterly earnings data on Monday, August 7th. The business services provider reported ($0.23) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.54). Team had a negative net margin of 2.83% and a negative return on equity of 2.22%. The business had revenue of $312.26 million during the quarter, compared to analyst estimates of $309.60 million. research analysts anticipate that Team, Inc. will post -0.52 EPS for the current fiscal year.

In other Team news, Director Louis A. Waters acquired 12,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The shares were acquired at an average cost of $11.40 per share, for a total transaction of $142,500.00. Following the completion of the acquisition, the director now directly owns 160,580 shares of the company’s stock, valued at approximately $1,830,612. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Louis A. Waters acquired 17,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The stock was acquired at an average price of $11.40 per share, for a total transaction of $199,500.00. Following the completion of the acquisition, the director now directly owns 160,580 shares of the company’s stock, valued at $1,830,612. The disclosure for this purchase can be found here. Insiders purchased 36,000 shares of company stock worth $408,130 over the last 90 days. 2.90% of the stock is currently owned by company insiders.

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TISI has been the subject of several recent analyst reports. Johnson Rice lowered Team from a “buy” rating to a “hold” rating and lowered their price target for the stock from $36.00 to $26.00 in a research report on Tuesday, July 25th. BidaskClub raised Team from a “strong sell” rating to a “sell” rating in a research report on Friday, August 25th. Zacks Investment Research raised Team from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 11th. TheStreet lowered Team from a “c-” rating to a “d+” rating in a research report on Tuesday, July 25th. Finally, Stephens lowered Team from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $34.00 to $19.00 in a research report on Tuesday, July 25th. Two analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. Team presently has a consensus rating of “Hold” and a consensus price target of $22.50.

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.

Institutional Ownership by Quarter for Team (NYSE:TISI)

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