William Blair Investment Management LLC increased its position in shares of Team, Inc. (NYSE:TISI) by 47.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 294,166 shares of the business services provider’s stock after buying an additional 94,936 shares during the period. William Blair Investment Management LLC owned about 0.99% of Team worth $6,898,000 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in TISI. Comerica Bank raised its stake in Team by 4.0% in the first quarter. Comerica Bank now owns 32,741 shares of the business services provider’s stock worth $940,000 after buying an additional 1,246 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Team by 7.1% in the first quarter. Bank of New York Mellon Corp now owns 356,776 shares of the business services provider’s stock worth $9,650,000 after buying an additional 23,630 shares during the last quarter. US Bancorp DE raised its stake in Team by 112.9% in the first quarter. US Bancorp DE now owns 16,481 shares of the business services provider’s stock worth $446,000 after buying an additional 8,740 shares during the last quarter. Boston Partners raised its stake in Team by 191.6% in the first quarter. Boston Partners now owns 79,663 shares of the business services provider’s stock worth $2,155,000 after buying an additional 52,348 shares during the last quarter. Finally, Investment Management of Virginia LLC raised its stake in Team by 5.6% in the first quarter. Investment Management of Virginia LLC now owns 44,719 shares of the business services provider’s stock worth $1,210,000 after buying an additional 2,356 shares during the last quarter. Institutional investors own 94.00% of the company’s stock.

Team, Inc. (NYSE TISI) opened at 11.30 on Friday. The stock’s market capitalization is $337.18 million. Team, Inc. has a 52-week low of $10.45 and a 52-week high of $39.70. The company’s 50-day moving average price is $16.08 and its 200 day moving average price 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 (EPS) for the quarter, missing the consensus estimate of $0.31 by $0.54. Team had a negative return on equity of 2.22% and a negative net margin of 2.83%. The firm had revenue of $312.26 million for the quarter, compared to analysts’ expectations of $309.60 million. Equities analysts forecast that Team, Inc. will post ($0.52) EPS for the current fiscal year.

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A number of research firms recently issued reports on TISI. Zacks Investment Research upgraded Team from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 10th. ValuEngine lowered Team from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. Johnson Rice lowered Team from a “buy” rating to a “hold” rating and decreased their price objective for the company from $36.00 to $26.00 in a research note on Tuesday, July 25th. Stephens cut Team from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $34.00 to $19.00 in a research report on Tuesday, July 25th. Finally, TheStreet cut Team from a “c-” rating to a “d+” rating in a research report on Tuesday, July 25th. Two equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $22.50.

In related news, Director Louis A. Waters purchased 17,500 shares of Team stock in a transaction that occurred on Wednesday, August 16th. The stock was purchased at an average price of $11.40 per share, for a total transaction of $199,500.00. Following the transaction, the director now directly owns 160,580 shares in the company, valued at $1,830,612. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director Jeffery Gerald Davis purchased 5,000 shares of Team stock in a transaction that occurred on Thursday, August 10th. The shares were bought at an average price of $10.96 per share, with a total value of $54,800.00. Following the transaction, the director now owns 13,869 shares in the company, valued at $152,004.24. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 36,000 shares of company stock valued at $408,130. Insiders own 4.10% of the company’s stock.

About Team

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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