Team, Inc. $TISI Shares Sold by Manatuck Hill Partners LLC

Manatuck Hill Partners LLC reduced its holdings in shares of Team, Inc. (NYSE:TISI) by 69.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 22,182 shares of the business services provider’s stock after selling 49,893 shares during the quarter. Manatuck Hill Partners LLC owned approximately 0.49% of Team worth $313,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Corre Partners Management LLC boosted its position in shares of Team by 1.1% during the 4th quarter. Corre Partners Management LLC now owns 1,604,326 shares of the business services provider’s stock worth $22,669,000 after acquiring an additional 17,030 shares in the last quarter. Barclays PLC boosted its position in shares of Team by 4.8% during the 4th quarter. Barclays PLC now owns 313,766 shares of the business services provider’s stock worth $4,434,000 after acquiring an additional 14,238 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Team by 1.7% during the 3rd quarter. Vanguard Group Inc. now owns 162,570 shares of the business services provider’s stock worth $2,695,000 after acquiring an additional 2,667 shares in the last quarter. IES Holdings Inc. acquired a new position in shares of Team during the 4th quarter worth about $1,060,000. Finally, DG Capital Management LLC acquired a new position in shares of Team during the 4th quarter worth about $913,000. 46.57% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Gary L. Hill bought 6,250 shares of Team stock in a transaction dated Monday, June 1st. The stock was acquired at an average cost of $16.00 per share, with a total value of $100,000.00. Following the acquisition, the chief executive officer owned 51,687 shares of the company’s stock, valued at approximately $826,992. This trade represents a 13.76% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Edward J. Stenger bought 3,583 shares of Team stock in a transaction dated Tuesday, March 24th. The stock was purchased at an average cost of $16.31 per share, with a total value of $58,438.73. Following the completion of the acquisition, the director directly owned 14,890 shares in the company, valued at approximately $242,855.90. The trade was a 31.69% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought a total of 17,650 shares of company stock valued at $283,853 over the last three months. Company insiders own 8.80% of the company’s stock.

Team Stock Performance

NYSE:TISI opened at $17.00 on Thursday. Team, Inc. has a 1 year low of $12.34 and a 1 year high of $21.33. The stock has a market cap of $77.71 million, a P/E ratio of -2.07 and a beta of 1.03. The stock has a 50-day simple moving average of $16.70 and a 200-day simple moving average of $15.34.

Team (NYSE:TISI) last posted its earnings results on Wednesday, May 13th. The business services provider reported ($2.76) earnings per share for the quarter, beating the consensus estimate of ($5.94) by $3.18. The firm had revenue of $215.06 million during the quarter, compared to analysts’ expectations of $208.88 million.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Team in a research report on Monday, April 20th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

Key Team News

Here are the key news stories impacting Team this week:

• Neutral Sentiment: No recent announcement for Team, Inc. was included in the feed, so there is no obvious earnings, guidance, contract, or financing news to explain the move.
• Neutral Sentiment: The stock may be following broader market interest in “team”/business-services headlines, but the listed articles are about other companies and topics, not TISI.
• Positive Sentiment: Team, Inc. recently reported quarterly results that beat expectations on both earnings and revenue, which may continue to support sentiment even without new headlines. TISI stock and earnings background

About Team

Team, Inc (NYSE:TISI) designs, engineers and manufactures industrial screen printing and digital printing equipment for a variety of end markets. The company’s solutions are used primarily in textile decorating, apparel, signage and graphics, and specialty industrial applications. By combining precision mechanical design with automated controls, Team delivers systems that enhance production speed, print quality and repeatability for its customers.

Team’s product portfolio includes manual and automatic screen presses, inkjet UV LED curing systems, digital direct-to-garment printers and hybrid platforms that integrate multiple printing technologies.