Russell Investments Group Ltd. increased its position in shares of Team, Inc. (NYSE:TISI) by 72.5% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 161,913 shares of the business services provider’s stock after buying an additional 68,050 shares during the period. Russell Investments Group Ltd. owned approximately 0.54% of Team worth $3,797,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in the stock. US Bancorp DE boosted its stake in shares of Team by 128.5% in the second quarter. US Bancorp DE now owns 37,657 shares of the business services provider’s stock worth $883,000 after buying an additional 21,176 shares during the period. Bridge Creek Capital Management LLC boosted its stake in shares of Team by 3.7% in the second quarter. Bridge Creek Capital Management LLC now owns 41,245 shares of the business services provider’s stock worth $967,000 after buying an additional 1,475 shares during the period. Louisiana State Employees Retirement System boosted its stake in shares of Team by 0.8% in the second quarter. Louisiana State Employees Retirement System now owns 12,100 shares of the business services provider’s stock worth $284,000 after buying an additional 100 shares during the period. State of Alaska Department of Revenue boosted its stake in shares of Team by 79.9% in the second quarter. State of Alaska Department of Revenue now owns 5,883 shares of the business services provider’s stock worth $137,000 after buying an additional 2,613 shares during the period. Finally, Gotham Asset Management LLC bought a new stake in shares of Team during the first quarter worth approximately $605,000. Hedge funds and other institutional investors own 94.00% of the company’s stock.

Shares of Team, Inc. (NYSE TISI) traded down 2.59% during midday trading on Friday, reaching $11.30. The company’s stock had a trading volume of 911,520 shares. Team, Inc. has a 12 month low of $10.45 and a 12 month high of $39.70. The stock’s market capitalization is $337.18 million. The stock’s 50 day moving average is $16.08 and its 200 day moving average is $24.29.

Team (NYSE:TISI) last posted its earnings results 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. The firm had revenue of $312.26 million during the quarter, compared to analyst estimates of $309.60 million. Team had a negative return on equity of 2.22% and a negative net margin of 2.83%. On average, analysts forecast that Team, Inc. will post ($0.52) EPS for the current fiscal year.

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A number of equities research analysts have commented on the company. BidaskClub upgraded Team from a “strong sell” rating to a “sell” rating in a report on Friday. TheStreet cut Team from a “c-” rating to a “d+” rating in a report on Tuesday, July 25th. Johnson Rice cut Team from a “buy” rating to a “hold” rating and lowered their target price for the company from $36.00 to $26.00 in a report on Tuesday, July 25th. Stephens cut Team from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $34.00 to $19.00 in a report on Tuesday, July 25th. Finally, Zacks Investment Research upgraded Team from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 18th. Two analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $22.50.

In other news, Director Louis A. Waters bought 17,500 shares of the business’s stock in a transaction on Wednesday, August 16th. The shares were bought at an average cost of $11.40 per share, for a total transaction of $199,500.00. Following the completion of the acquisition, the director now owns 160,580 shares in the company, valued at approximately $1,830,612. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Louis A. Waters bought 12,500 shares of the business’s stock in a transaction on Tuesday, August 15th. The stock was purchased at an average price of $11.40 per share, for a total transaction of $142,500.00. Following the completion of the acquisition, the director now owns 160,580 shares of the company’s stock, valued at approximately $1,830,612. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 36,000 shares of company stock worth $408,130. Company insiders own 4.10% of the company’s stock.

Team Company 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.

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Institutional Ownership by Quarter for Team (NYSE:TISI)

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