Team (NYSE:TISI) CFO Acquires 8,000 Shares

Team, Inc. (NYSE:TISI) CFO Clinton Roeder purchased 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 3rd. The stock was acquired at an average price of $27.59 per share, for a total transaction of $220,720.00. Following the completion of the purchase, the chief financial officer directly owned 17,000 shares of the company’s stock, valued at $469,030. This represents a 88.89% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link.

Clinton William Roeder also recently made the following trade(s):

• On Friday, August 21st, Clinton Roeder acquired 9,000 shares of Team stock. The stock was acquired at an average price of $22.89 per share, with a total value of $206,010.00.

Team Trading Down 1.0%

NYSE TISI traded down $0.28 during trading on Tuesday, reaching $27.63. The company’s stock had a trading volume of 33,078 shares, compared to its average volume of 11,243. The firm has a 50 day moving average price of $19.77 and a 200 day moving average price of $17.36. Team, Inc. has a 12 month low of $12.34 and a 12 month high of $28.01. The firm has a market capitalization of $126.55 million, a price-to-earnings ratio of -2.93 and a beta of 1.14.

Team (NYSE:TISI) last released its quarterly earnings results on Monday, August 10th. The business services provider reported ($1.73) earnings per share for the quarter, beating analysts’ consensus estimates of ($5.94) by $4.21. The business had revenue of $228.68 million during the quarter, compared to analyst estimates of $208.88 million.

Institutional Investors Weigh In On Team

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Corre Partners Management LLC grew its position in Team by 1.1% in the fourth quarter. Corre Partners Management LLC now owns 1,604,326 shares of the business services provider’s stock valued at $22,669,000 after acquiring an additional 17,030 shares during the last quarter. Barclays PLC grew its holdings 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 valued at $4,434,000 after purchasing an additional 14,238 shares during the last quarter. 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 worth $2,695,000 after purchasing an additional 2,667 shares in the last quarter. IES Holdings Inc. bought a new position in Team in the 4th quarter valued at approximately $1,060,000. Finally, Manatuck Hill Partners LLC lifted its stake in Team by 16.1% in the 2nd quarter. Manatuck Hill Partners LLC now owns 72,075 shares of the business services provider’s stock valued at $1,312,000 after purchasing an additional 10,000 shares during the last quarter. 46.57% of the stock is currently owned by institutional investors.

Key Team News

Here are the key news stories impacting Team this week:

• Positive Sentiment: Team’s latest reported quarter showed better-than-expected results: adjusted earnings were a loss of $1.73 per share versus the consensus estimate of a $5.94 loss, while revenue of $228.68 million exceeded expectations of $208.88 million. However, this earnings report is not new and may already be reflected in the stock.
• Neutral Sentiment: The supplied headlines cover unrelated companies and industries, including sports-team ownership, mining, financial services, technology, and consumer commerce. None announces a contract, financing, executive change, operating update, or other development involving Team, Inc.
• Negative Sentiment: With no new company-specific catalyst identified, the stock may be vulnerable to short-term selling after its recent rally. Team remains loss-making on a trailing basis, which could also contribute to investor caution.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Team in a report on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Team presently has a consensus rating of “Sell”.

Team Company Profile

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.